The answer to 'panel upgrade installation cost' is that the cost can vary significantly depending on several factors. In general, a panel upgrade can range anywhere from $1,000 to $5,000 or more, depending on the size of your home, the complexity of the electrical work, and the need for any additional upgrades or repairs.
The main factors that affect the cost of a panel upgrade include the size and age of your existing electrical panel, the amount of work required to bring the electrical system up to current code standards, the need for any additional wiring or circuit breakers, and the labor costs in your local area. Homeowners may also need to factor in the cost of permits, inspections, and any necessary electrical service upgrades from the utility company.