The answer to 'how much does electrical panel cost in Chicago' is that the cost of an electrical panel replacement can vary widely, but generally ranges from $800 to $2,500 or more. The specific cost depends on factors like the size and type of panel, the age and condition of the existing electrical system, the complexity of the installation, and the labor rates of the electrician in your local area.
Older homes may require more extensive electrical work, which can increase the overall cost. Additionally, if your home needs to be brought up to current electrical code standards, that can also add to the final bill. It's best to get quotes from multiple licensed electricians in your local Chicago area to get a sense of the typical pricing in your neighborhood.