The answer to 'how much does panel upgrade cost in Chicago' is that the cost of a panel upgrade can vary widely depending on several factors. Generally, a basic panel upgrade in Chicago can range from $1,000 to $3,000, but more complex upgrades can cost $5,000 or more. The size and age of your home, the condition of your existing electrical panel, and the scope of work required will all impact the final cost.
Factors that influence the cost of a panel upgrade include the size of the new panel, whether the existing wiring needs to be updated, and if any additional electrical work is needed, such as adding new circuits or moving the panel location. Permits and labor costs in your local area can also affect the overall price. It's best to get quotes from multiple licensed electricians in your neighborhood to get an accurate estimate for your specific project.