The answer to 'how much does electrical panel cost near me' is that the cost can vary significantly depending on several factors. Typically, the cost for a new electrical panel installation or replacement can range from $800 to $3,000 or more, depending on the size, type, and complexity of the panel, as well as the labor and materials required.
Some key factors that influence the cost include the size of the panel (more circuits require a larger, more expensive panel), the type of panel (standard vs. smart/advanced), whether the panel needs to be upgraded to meet current electrical code requirements, and the complexity of the installation, such as if the existing wiring needs to be replaced or the panel needs to be relocated. Additionally, labor costs can vary based on your local electrician's rates and the difficulty of the installation.