Find out more about how much it costs to replace an electric panel!
If your house needs a new electrical panel, you may be curious about how much it will cost to replace it. After all, the price of this service can vary a lot, and the final bill may change how much you can spend on home improvements in the future.
At TCA Electric, we’ve finished a lot of electrical panels.
Over the years, homeowners in Vancouver have had to get replacements. We’ve learned that no two-panel upgrades are exactly the same, just like no two electrical projects are exactly the same. Still, we now know the average range of costs for replacing an electrical panel, as well as the things that can make these costs go up or down. So, let’s talk about how much you can expect it to cost to replace your electrical panel today!
How much does it cost to replace an electric panel?
The costs of panel upgrades can be quite different. In general, though, upgrading from a 100-amp panel to a 200-amp panel costs between $8,000 and $12,000. The average cost for a panel replacement is right around $5,000.
Obviously, the difference between $8,000 and $12,000 is significant. How does this wide range come about? And why does it make sense to replace an electric panel? Let’s take a look!
What determines how much it costs to upgrade a panel?
You might wonder how the prices can vary so much since they are so different. Here are the most important things that affect how much this upgrade will cost:
What kind of electrical panel do you need?
Electrical panels come in different sizes and shapes and from different companies. This can change the cost of the project as a whole, depending on what you need. This is especially true when it comes to how big your new electrical panel is. For example, an upgrade to a 400-amp panel will cost more than an upgrade to a 200-amp panel.
What you already have
Even though breakers are used in most homes now, some still have fuse boxes. By now, it’s best to get rid of your fuse box and get a breaker panel instead. This upgrade might cost a little bit more than just getting a new electrical panel.
The work that was done
Overall, a lot of the cost of replacing an electric panel comes from the amount of work that needs to be done. Sometimes replacing or upgrading a panel is as easy as swapping it out. Sometimes, though, it may be hard to get to the panel, or you may need to make more changes, like adding new wiring.
In the end, only a professional electrician in Vancouver will be able to give you a good idea of how much it will cost to replace an electrical panel.
Why do I need to get a new electrical panel?
You might want to replace your electrical panel for a number of reasons. Safety could be the main reason. If your panel is very old, is showing signs of wear and tear, or can’t keep up with the electrical needs of your home right now, it can make your home’s electricity unsafe. Old or broken panels are more likely to break, and an overloaded panel can make appliances and devices not work right or even be a fire hazard (at worst).
Besides safety, there are other times when it makes sense to upgrade your panel. For example, if you want to add on to your home or put in new electrical appliances, you may need to upgrade your panel. A panel that is too old can also hurt the value of your home. So, if you want to sell soon, it’s a good idea to make improvements.
TCA Electric: Vancouver Electrical Panel Replacement
As you can see, there are many things that can change how much it costs to upgrade your home’s panels. In the end, it all depends on your own situation to decide if the costs are worth it or not. If you want to replace your electrical panel or aren’t sure if this is the best choice for your home, the professionals at TCA can help! We’ve been in the electrical business for a long time, and we’ve helped a lot of homeowners decide on important electrical upgrades. We’ll be happy to help you decide, walk you through the process, and, of course, install your brand-new electrical panel! Contact us right away to get going.
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