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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.
Here are some sample jobs from Alpha Electric and More to demonstrate costs: 1  Install two new circuits, each with a two-gauge box: $650. 2  Rewire a standard 10x10 bedroom to the panel (with no overhead light): $600â$800. 3  Rewire a 10x10 room to the panel with more complexity: $900â$1,200.