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Electrical contractors are highly trained professionals that earn a good hourly rate for their services. An average panel upgrade takes about 8 to 10 hours to complete. At anywhere from $50 to $80 an hour, a client can expect to pay between $500 and $800 for their project labor. Typically, wage guidelines are established by an official body like the National Electrical Contractors Association.
This document discusses the typical costs to replace an electrical panel. This information on electrical panel replacement costs suipports our articles describing hazards leading to the need to replace Federal Pacific Stab-LokÂ® Electric Panels or Zinsco / Zinsco-Sylvania Electric Panels in buildings.hat said, we've heard panel replacement costs ranging from $1,200. to $4,000 (April 2007, Northwestern United States). If you are surprised by the quotation you receive from your electrician, ask for the supporting details of the bid or ask for a bid from a competitor too.