cost for suspended ceiling grid
1 According to Diyornot.com, installation of a drop ceiling in a 15Ã20-foot room using 24-inch square panels can cost $1,113 when you have it done by a contractor. 2  But, if you opt to do it yourself, you can get the grid and panels for $650 only. To have a professional install a suspended ceiling, plan on budgeting around $2 to $5 per square foot. 2  To get a detailed quote for your project, HomeAdvisor.com can connect you with countless contractors in your area.