January 04, 2018
Whether you’re upgrading your home’s electrical panel for safety reasons, additional power or to sell your home, you’re probably wondering what this project will cost you at the end of the day.
The cost to upgrade an electrical panel in Colorado ranges from $3,200 to over $8,000. The average homeowner will pay $5,000 to upgrade their main panel.
So, what determines the final price?
Well, factors that affect the price to upgrade an electrical panel include:
Let’s discuss those factors and how they affect the final price of your electrical upgrading.
Here’s the bottom line: The larger the new panel, the more it will cost.
Electrical panels are sized in “amperage”, which measures the strength of the electric current that the panel sends into your home. Residential panel sizes can range anywhere from 100 to 400 amps.
Most homes built today have either 100-amp or 200-amp panels. The minimum required by the National Electric Code (NEC) is a 100-amp panel. But if your home was built in or before the 1960s, your home may have a very outdated 60-amp panel.
Our suggestion? If you’re considering upgrading your home’s main panel and you have a 60-amp or 100-amp, upgrade to at least a 200-amp panel. A 200-amp panel can satisfy the electrical load of most residences and their modern electronics.
Not sure what size panel you currently have? You can sometimes determine the size by checking the amperage rating of the main breakers. If you still aren’t sure what size panel you have, contact an electrician. They’ll be able to determine the panel amperage by the size of your home’s wiring.
Here’s the bottom line: If electricians need to “trench” (i.e. ,dig up) and replace the lines running from the utility into your home to accommodate the new panel, this will cost an extra $1,500 to $3,000 to the price.
Every main electrical panel, regardless of size, is fed power from the utility lines via electrical lines that are either underground or overhead. Those lines are designed to match the amperage of your panel. So, when you upgrade to a larger panel size, you’ll most likely need to replace those lines. And if you have underground service lines, this will involve trenching.
The length of those electrical lines and ease of accessibility determine how much extra the trenching will cost.
Here’s the bottom line: If your home needs to be completely rewired to accommodate your new panel, you can expect to pay an additional $4,000 to $8,000+.
Unfortunately, if you have an outdated 60-amp panel and are upgrading your electrical panel, you’ll need to update your home’s electrical wiring as well. That’s because the wiring in your home is likely:
(Spoiler alert: Both of these problems can cause a disastrous electrical fire!)
In many instances, even an upgrade from a 100-amp panel to a 200-amp panel will warrant some rewiring. If you’re not sure whether your panel upgrade requires whole-home rewiring, contact an electrician. They’ll look at your current electrical system and determine whether the wiring can handle the upgraded amperage.
Here’s the bottom line: For every outlet you add to your home, you can expect to pay an additional $200-$400.
If you have an older home with an outdated electrical panel, it’s also very likely that there aren’t enough outlets to keep the home up to code. The NEC (National Electric Code) states that an outlet should be installed per every 12 feet of wall.
A good electrician will inspect your home to determine whether outlets need to be installed to keep the house up to code.
Here’s the bottom line: If the utility company has to upgrade your current electrical meter can/enclosure, it will cost an extra $500+.
Sometimes, your local utility company will require a new lever bypass meter enclosure. A new device to keep technicians safe while working on your meter.
As we mentioned in price factor #2 (trenching), every home’s main electrical panel is fed power via utility service lines. Now, in Colorado, those service lines either run underground or overhead.
Typically, if you have overhead service lines, your panel upgrade will cost more than if you have underground service lines (unless trenching is required). That’s because overhead service line changes require more time and labor.
Here’s the bottom line: The higher the quality and the more experience an electrician or contractor has, the more they typically charge for their services. But paying more for a quality electrician will save you money in the long run and will keep your home and family safe.
You wouldn’t choose a brain surgeon who offers rock bottom prices, right? The same logic should apply to the electrician you choose to upgrade your home’s electrical system. Sloppy or inexperienced work will quickly result in many needed repairs or worse—an electrical fire.
Our suggestion is to choose an electrician who:
For your convenience, you can request an appointment in one of two ways: