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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.
A qualified electrical contractor usually charges between $800 and $1,200 to upgrade an existing panel to 100 amps. This will only occur in older homes, like in Philadelphia for example, because the current minimum requirement is 100 amps. If a new panel is needed, it will cost between $1,500 and $2,500. An upgrade to 200 amps typically costs from $1,300-$3,000, and an upgrade to 400 amps can cost up to $4,000. Many people believe their circuit breaker or electrical panel is faulty because they experience a tripped breaker. Often, this is not the case.