The answer to 'cost to install electrical panel in my area' is that the cost can vary significantly depending on several factors. Typically, the installation of a new electrical panel in a home can range from $800 to $2,500 or more, depending on the size of the panel, the complexity of the electrical work, and your location.
Some key factors that can affect the cost include the size of the electrical panel (more circuits usually cost more), whether the panel needs to be upgraded to meet current electrical codes, the accessibility of the installation site, and the labor rates in your local area. Additionally, if the electrical service needs to be upgraded from the utility company, that can add several hundred dollars to the overall cost.