Why Do Electrical Companies Mark Up Materials? Here’s the Real Story
If you’ve ever hired an electrician for a project, you might have noticed that the cost of materials is higher than what you’d pay at a local hardware store....
Replacing an electrical panel is an important home project that keeps your electrical system safe and working well. It might also be required by your homeowner's insurance or if you are selling your home.
The cost can range from $1,000 to $3,000, depending on several factors. If a main disconnect or other disconnects, such as an a/c disconnect, need to be replaced as well, that can cost an additional $500 - $2,000. Yup, that's a wide range! Let's break down the factors that determine the cost.
Here are the key things that affect the cost:
Size of the Panel:
The panel size, measured in amps, affects the cost.
In most homes, these are the common sizes for electrical panels:
The right panel size depends on your home and how much electricity you use. Most new homes do well with a 150 or 200 amp panel. There are smaller panels as well, such as a 50 amp panel, which are often found in mobile homes.
Power Needs:
If your home uses a lot of power, you might need a more powerful and more expensive panel.
Number of Circuits:
The more circuits you need, the higher the cost. Each circuit adds more work.
Location:
Indoor panels are usually less expensive than outdoor ones, which need extra protection from the weather.
Type of Breakers:
Different types of breakers affect the cost:
Expert Tip: The type of breakers needed is decided by local rules and National Electrical Codes, not by your electrician.
Permits:
Local laws require permits for Electrical Panel replacements, which adds to the cost.
Expert Tip: Most insurance companies and homebuyers will only accept panel changes completed by a state-certified electrical contractor with permits and passed inspections.
Other Replacements:
Sometimes, other parts like the main disconnect or A/C disconnect might need replacing, which increases the total cost.
Expert Tip: Get several thorough quotes at your home to determine exactly what you need and the exact cost.
Upgrading your electrical panel is an important step to keep your home safe and working well. Knowing what affects the cost and what the electrical codes require can help you make good choices. Whether you need a small panel for a mobile home or a bigger one for a house that uses a lot of power, thinking about these factors will help ensure your electrical system meets your needs and stays safe.
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