Cost of Replacing an Electrical Panel in 2024 – Forbes Home

There are several factors that can affect the cost of replacing an electrical panel, including the amperage in the new box.

Move the plate

If you need to move your electrical panel in addition to replacing it, this will raise your bill. The cost of transportation typically ranges between $1,000 and $3,000 depending on the number of circuits and whether the box serves as a circuit junction. These costs are in addition to the price of a new panel.


It’s generally best to hire a licensed electrician to install electrical panels, so you’ll need to factor in labor costs. Hiring an electrician typically costs between $50 and $150 per hour, and these installations typically take between four and eight hours to complete.

Age and condition of current electrical work

If your existing electrical work is damaged or outdated, a professional will need to update it while replacing your electrical panel, which can result in increased costs. The amount of the price increase depends on how much of the existing system needs to be replaced or upgraded.

Digging trenches

In some cases, you may need to bury an overhead electrical line when replacing an electrical panel. You will need an electrician to connect the wires and an excavator to dig the trench. Trenching typically costs about $6 per linear foot.

New box amp

The power of your box determines how much energy your home can use. In general, the higher the amperage, the more expensive the box.

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