Did you know that each year, electricity causes over 140,000 fires, resulting in 400 deaths, 4,000 injuries, and $1.6 billion in property damage. Faulty electrical panels are usually to blame. Throughout your home, electricity is controlled by the main breaker panel. Besides distributing current throughout your house, it also protects the circuits and monitors the amperage.

The electrical panel may be outdated if it’s more than 50 years old. If you’ve recently added new appliances or made other significant changes to your property that have increased your electricity usage, your existing panel may not be able to handle the increased demand. The frequent trip of circuit breakers and frequent blowing of fuses are indications that your electrical panel needs to be replaced.

For the majority electric panel installation, the price is between $850 and $ 2,500. The price will vary in line with the amperage capacity your household demands, and if you are repairing or replacing your electrical panel. National Electric Code (NEC) requirements for electrical panels are established by both Occupational Safety and Health Administration (OSHA) and National Fire Protection Association (NFPA). In order to prevent electrical shocks, heat build-up, and fires, your electrical panels must follow safety and health regulations.