The average cost of replacing an electrical panel is $1,180, with a usual range of $536 to $1,932. You'll spend extra if you need 400-amp service or want to install numerous units. Upgrades that maintain the same amperage and wiring cost the least amount.
The cost of hiring an electrician to do the job is between $50 and $100 per hour nationwide. Clients should budget between $200 and $2,000 for project labor. A typical update takes 4 to 8 hours to finish. This excludes rewiring or the installation of new wiring.