The answer to 'how much does panel upgrade cost' is that the cost of upgrading your electrical panel can vary significantly depending on several factors. Typically, the cost for a basic panel upgrade ranges from $1,000 to $3,000, but it can be higher in some cases.
The main factors that influence the cost of a panel upgrade include the size and age of your existing panel, the complexity of the electrical work required, the cost of labor in your local area, and whether any additional electrical upgrades or repairs are needed. Upgrading to a larger panel, adding new circuits, or bringing the panel up to current electrical code standards can all increase the overall cost.