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If you’re asking yourself how much does it cost to replace an electrical panel, you’re not alone. For many Chicago homeowners, this question comes up when their old panel starts causing problems or when new appliances push the limits of the home’s electrical system.
A panel upgrade isn’t just about convenience; it’s about safety, keeping up with modern power demands, and avoiding expensive issues down the road.
In this guide, we’ll cover the typical cost ranges for Chicago, what drives those prices, the signs that it’s time to replace electrical panel equipment, and what to expect when you hire a licensed electrician. We’ll also walk through ways to save, common questions, and how to make sure you get the right solution for your home.
If you’re wondering how much does it cost to replace an electrical panel in Chicago, the short answer is this: most homeowners spend $600 to $2,200, with an average around $1,400. That’s the typical electrical panel replacement cost for a straightforward job without major extras.
Nationally, panel replacement averages about $1,300, with a cost range of $500–$2,100. Chicago is usually a bit higher because of labor costs, permit requirements, and the age of house. Many older homes in the city need extra updates to meet code requirements, which pushes the overall cost higher.
The panel size you need drives much of the project cost.
Even in the same zip code, two homes can land in very different cost ranges depending on panel size, age of the wiring, and whether a subpanel is needed.
A 100-amp panel may be enough for older homes, but most modern homes require at least a 200-amp service.
Homes with multiple HVAC units, EV chargers, or new appliances often need 300 or 400 amps. Larger panels take more labor, more breakers, and a bigger service upgrade, which adds to the total cost.
The type of panel matters. A main breaker panel controls the whole house, while a subpanel feeds a garage, basement, or addition.
Adding or replacing a subpanel is cheaper than upgrading the main panel, but it still requires permits and inspection.
If you’re replacing an old fuse box or certain older panels known for defects, expect higher costs since the electrical wiring may need to be redone.
Electricians in Chicago typically charge $50–$150 per hour, and a panel job can take 20–30+ hours. That’s why labor costs make up such a large share of the project cost. Complex installs with additional circuits or relocation mean higher costs.
Permits usually run $50–$300, and inspections are required. Your electrical contractor handles this step, but it adds to the bill.
Extras add up quickly:
Panel work isn’t quick. With hourly rates between $50 and $150, the installation cost for labor often totals more than the new panel itself.
Materials include the circuit breaker panel, breakers, grounding rods, bonding wire, and sometimes a new Electric Meter Box. While the cost of an electrical panel is modest, the additional costs for materials can be significant.
Chicago has strict code requirements, and that’s a good thing—it keeps your home safe. But compliance often adds cost: arc-fault breakers, grounding upgrades, and clearance fixes can increase your panel upgrade cost.
The power company (ComEd) needs to shut off and reconnect service while your professional electrician installs the new panel. This doesn’t raise costs dramatically but does affect timing.
If you’re constantly resetting breakers, your electrical circuit is likely overloaded. That’s a clear sign your service panel can’t keep up.
Heat, noise, or smells from your circuit breaker box are red flags. Left unchecked, they can lead to electrical fires or even electric shocks.
A new air conditioner, EV charger, or hot tub can push your electrical load past the safe limit of an old panel. Installing a new panel with higher amperage is often the only safe fix.
Older panels and fuse boxes don’t meet today’s safety standards. If you’re still running one, it’s a good idea to plan an electrical panel upgrade before problems arise.
Replacing a panel usually takes anywhere 4–8 hours of electrical work, sometimes spread across two days.
Inspections add time. Even with a quick swap, you may wait a day or two for the inspector to sign off.
A basic breaker box replacement can be done in a day. But if your project involves new wiring, drywall repair, or a service upgrade, expect a multi-day schedule.
If you’re planning a home improvement project like new outlets, a light fixture upgrade, or even running a subpanel for a garage, combine the work. It lowers your installation cost by reducing repeat visits.
Get at least three quotes from a local electrician. A detailed estimate should show panel costs, labor costs, permit fees, and additional costs. Comparing bids helps you avoid higher costs than necessary.
Rebates can lower your panel upgrade cost. Illinois offers rebates up to $4,000 for some electrification projects, and federal tax credits can cover 30% of the panel costs, up to $600. These programs are especially helpful for new homes or whole house upgrades that require a service upgrade.
A licensed electrician ensures the work meets local building codes and passes inspection. DIY isn’t just risky—it’s unsafe. Hiring a pro reduces the risk of short circuits, electric shocks, and electrical fires.
A good quote lists the new panel, breakers, labor costs, permit fees, and any additional costs like drywall or panel repair.
It should clearly show your panel size, the number of circuits, and whether a service upgrade is required.
A 200-amp panel replacement usually costs $1,300–$2,000 in Chicago.
Yes. Permit fees usually run $50–$300, and inspections are mandatory.
No. They’ll coordinate disconnection and reconnection, but the panel upgrade cost is on the homeowner.
Typically one to three days, depending on inspector availability and any code requirements found.
An electrical panel upgrade is one of the most important steps you can take to protect your home. It prevents electrical issues, supports new appliances, and provides long-term peace of mind.
If you’re wondering how much it costs to replace an electrical panel, the best way to get an accurate estimate is with a custom quote. Mr. Mighty Electric, serving Chicago, IL, and surrounding areas, can evaluate your home’s electrical system and help you choose the right solution to keep your home safe, efficient, and ready for the future.
Disclaimer: Electrical panel replacement costs can vary widely depending on factors such as the size of your panel, the complexity of the installation, permits, and labor. The prices mentioned are estimates; your actual cost may differ. Always get a personalized quote from a licensed electrician.
I’m Ed Morales, owner of Mr. Mighty Electric in Chicago. For over 30 years, I’ve helped homeowners and businesses with everything from quick repairs to major electrical upgrades. My team and I take pride in being reliable, straightforward, and always putting safety first.
