Cost to Replace the Electrical Panel for Your Home

If your electrical panel is having recurring issues or can no longer handle the amount of electricity your home needs, it may be time for a replacement.

The cost to replace an electrical panel for your home is $1,313 on average, but can be as low as $200 or as high as $4,400, depending on the location, amperage (electrical current strength) and type of breaker.

What makes up the electrical panel replacement cost?

Costs include the price of materials, wiring and the electrician’s labor required for installation. Proper installation from a qualified electrician is essential to ensure a safe replacement process and the performance of your electrical system.

Expect to pay several hundred dollars for the panel and at least $1,000 for labor. Your installation may be more pricey if you need to upgrade the amperage, add a meter box or move the panel, especially if it requires rewiring.

How much does a new electrical panel cost?

A replacement electrical panel can cost as little as $100 or $200 for a low-amperage panel without installation, but could cost close to $10,000 for a high-amperage panel with extensive rewiring. Here are some factors to consider:

• The higher the amperage, the higher the cost. Common home amperages range from 100 to 400 amps and cost from $100 to $500 for just the breaker box. Most homes need amperages between 100 and 200, according to home services aggregate Angi. 

• The majority of the cost will likely come from labor. Electrical wiring requires professional skills and certifications, and professional electricians typically charge $50 to $150 per hour. An electrical panel replacement usually takes four to eight hours for one electrician to complete, and 20 or more hours to change connected wiring, resulting in a labor cost of at least $1,000.

• It costs more to install a new system than to upgrade an existing panel. In fact, it’s likely worth upgrading an existing panel to a larger version rather than replacing it with the same size because of the high labor cost in either case. Most electrical panel replacements upgrade a 100 or 150-amp panel to a 200-amp panel.

Electrical panel cost by component

Depending on your home’s electrical needs, you may only need to replace a specific part of the panel system. Electrical panels are made up of several components, some of which can be combined for different purposes.

Here are common electrical components and how much they cost to replace:

• Main breaker: $500–$2,000. This is the central power switch for your home. It’s relatively low cost on its own, but installation can be pricey.

• Circuit breaker switch or fuse: $100–$200. These are small switches in electrical panels that interrupt electrical current for safety reasons, such as during a power surge.

• Fuse box: $1,500–$2,000. These are single-use devices that contain a wire that melts when overloaded, and they’re typically found in older homes. It’s common to replace a fuse box with a circuit breaker when upgrading your electrical panel.

• Subpanel: $400–$2,000. This device can extend power to different areas of your home, and can be used to add more circuits without replacing your main panel.

• Electric meter box: $100-$650. This device measures energy usage in your home and is typically replaced by the utility or electrical company, though an electrician will need to connect it to the main panel. 

When to replace an electrical panel

Electrical panels typically last from around 25 to 40 years, depending on the quality and use. If your system is over 25 years old or you’re having some of the following issues, it may be time to replace it:

• Outlets or lights cause electric shock.

• Frequent power surges or needing to reset tripped breakers.

• Panel is making noise, emitting heat or producing smoke.

• There’s not enough power for all of your appliances.

Some of these issues may be fixable with a repair, but if the repair is estimated to cost over $1,000, it’s likely worth it to get some quotes for replacing the panel.