The cost of upgrading or installing a new home's main electrical service panel (breaker box) can vary depending on several factors, such as the location, the size and complexity of the project, the materials needed, and the specific requirements of the electrical system. Additionally, electrician rates can vary based on the region and individual contractor pricing.
the average cost for a licensed electrician to upgrade or install a new main electrical service panel typically ranges from $1,000 to $3,000. However, please note that this is a general estimate, and the actual cost could be higher or lower depending on the factors mentioned above.
To get an accurate estimate for your specific project, it is recommended to consult with licensed electricians in your area. They can assess your electrical system, provide an on-site evaluation, and offer a detailed quote based on the specific requirements of your project. Obtaining multiple quotes from different electricians can help you compare prices and make an informed decision.