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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.
The current minimum requirement for an electric breaker panel is 100 amps. Panels come in 100, 150, 200 and 400 amp capacity. Old panels, especially those with the old glass fuses, are prone to tripping and can pose a fire hazard.lectrical Subpanel Cost. In most cases of upgrading to a 400-amp electric panel (and in some cases a 200-amp panel) you will also need a subpanel or two. These subpanels range in price from $500-$1000.