The type of electrical panel box, size, and location within the home also affect the new breaker box cost. If new outlets, additional panels, a different kind of breaker box, or increasing the amount of amperage is required, the breaker box replacement cost can quickly add up. The cost to replace electrical panel parts, such as wiring and breakers, depends on what type of replacement or repair is needed. According to Angi and HomeAdvisor, electrical panel replacement costs can range from $522 to $2,082, with homeowners spending an average of $1,274. And it’s important to note that electrical panels that are 25 to 40 years old are considered a fire hazard and will need to be replaced. If the current breaker box can’t keep up with the electrical usage in a home, it may be time for an upgrade. An updated electrical panel keeps all the appliances, computers, smart TVs, and gadgets in a house running smoothly.
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