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But there are other factors that can affect the cost of your electrical job, depending on the type of job you need accomplished Continue Reading. 1  Hire an Electrician Costs. Most homeowners spent between: $160 - $510. 2  Upgrade an Electrical Panel Costs. Most homeowners spent between: $559 - $1,589. 3  Install Electrical Wiring or Panel Costs.
Cost breakdown. Labor: this will depend greatly on the amount of work required as well as the skill level of each electrician. Electricians average between $65 and $85 per hour. For 1200 sq.ft. homes, this is estimated to take 2 hours per wiring connection ($130-$170). Upgrade electrical service panel: upgrading a 60 amp panel to a modern standard 200 amp panel ranges between $800-$3000 according to the National Association of Home Builders.