The answer to 'price of electrical panel' is that the cost can vary widely depending on several factors. Typically, the price for a new electrical panel installation can range from $800 to $3,000 or more, depending on the size, complexity, and location of the project.
Some key factors that influence the cost include the size of the panel (e.g., 100-amp, 200-amp), whether it's a basic replacement or requires upgrading the electrical service, the accessibility of the panel location, and any necessary permits or inspections. Labor costs from the electrician can also vary based on their experience and local market rates.