The answer to 'how much does electrical panel cost in Chicago' is that the cost of an electrical panel replacement can vary widely depending on several factors. Typically, the cost for a basic electrical panel replacement in the Chicago area ranges from $800 to $2,500, but the actual price can be higher or lower based on your specific needs.
Some key factors that influence the cost include the size and type of panel, the complexity of the electrical work required, the age and condition of your home's existing electrical system, and the labor rates of the electrician performing the work. Older homes or those with complex wiring may require more extensive upgrades, which can increase the overall project cost.