The answer to 'electrical panel installation cost in Chicago' is that the cost can vary widely depending on several factors, but typically ranges from $800 to $3,000 for a standard residential electrical panel replacement or upgrade. The main factors that influence the cost include the size and complexity of the panel, the age and condition of the existing electrical system, any necessary permits or inspections, and the labor rates of the electrician or electrical contractor.
It's important to get quotes from multiple licensed and insured local electricians, as their rates can vary significantly. The cost may also be affected by the age and accessibility of the home, the need for any additional electrical work, and the quality of the materials and equipment used.