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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.
$853. View Costs in Your Area. If you have recently purchased a home with an older panel or your current panel cannot supply the amount of power you need, then you might need to upgrade the panel or install a new one. The minimum requirement for an electric breaker panel is 100 amps.Panels come in 100, 150, 200 and 400 amp capacities.iew Costs in Your Area. If you have recently purchased a home with an older panel or your current panel cannot supply the amount of power you need, then you might need to upgrade the panel or install a new one.