Making updates or modifications to your electrical panel may be necessary. This is especially true if you have an older panel. However, in some scenarios, a panel upgrade may not be cost-effective or practical. Let’s consider the pros and cons of modernizing your electrical panel.
Modern Electrical Needs
We have many more electrical needs today than we did 10 or 20 years ago. Items like electric vehicle charging stations and appliances are just some of what we power each day. Unfortunately, many older electrical panels can’t handle our daily needs.
Level 2 charging stations require a dedicated circuit between 40 and 60 amps. In some cases, a subpanel may suffice. A load management system is another option you may want to consider; it distributes power between your EV charger and other devices. Your electrical needs will vary depending on the type of charger you choose.
Improving Household Safety
There is a higher risk of electrical fires, shocks, and circuit overload when you have an old panel. Modernizing your panel can also protect against power surges. These surges can damage your home’s electrical system, appliances, and devices.
All electrical work should comply with local code enforcement requirements. If your panel is decades old or if DIY wiring was done at some point, some things may be out of code. This can compromise safety for workers and your household.
Boosting Electrical Efficiency
Modernizing your electrical panel enables more efficient, reliable electricity distribution. After the upgrade, you should experience fewer breaker trips and fewer light flickers. You may also see a decrease in your monthly energy bills after a panel upgrade.
Increasing Home Value
Potential home buyers appreciate upgrades to your electrical panel. This confirms that your home is safe and ready for future electrical needs. You or a new homeowner may want to switch from gas to electric appliances, or even to solar power, someday. Having a panel with sufficient amperage to handle additional circuit breakers is ideal.
Cons: The Cost of Modernization
It’s essential to work with a knowledgeable electrician to modernize your electrical panel. Do-it-yourself work can be dangerous. Hiring a qualified electrician can cost several thousand dollars, depending on the amount of work required. There may also be a need for local permits and inspections, which can add to the cost.
Cons: Loss of Electricity
Expect to lose power for a few hours while work is occurring. In some cases, this may be an inconvenience, so it’s important to let electricians know the best time for you when you schedule your appointment.
Ensure your home’s electrical system is safe and ready for all your needs. Contact us at Assurance Power Systems in Delray Beach, FL for more information on electrical panels.
