The answer to 'cost to install electrical panel' is that the cost can vary significantly depending on several factors. Typically, the cost to install a new electrical panel in a home ranges from $800 to $3,000 or more. The exact cost will depend on the size and complexity of the panel, the location of the home, the condition of the existing electrical system, and whether any additional electrical work is required.
Some key factors that can influence the cost include the size of the panel (100-amp vs. 200-amp), the number of circuits needed, the need for any electrical upgrades or repairs, and the accessibility of the installation site. Additionally, labor costs can vary based on the electrician's experience and the local market rates. It's important to get multiple quotes from licensed and insured electricians in your area to get an accurate estimate for your specific project.