Electrical panel upgrade costs in Lincolnwood vary based on your home’s specific needs, the size of the new panel, and any additional electrical work required. A standard 200-amp panel upgrade typically ranges from $2,000 to $4,000, including permits and labor. Factors that affect cost include the complexity of your electrical setup, whether we need to upgrade your electrical meter, the condition of your existing wiring, and any additional circuits you need. Homes that require significant rewiring or have complicated electrical configurations cost more. However, consider the long-term value: upgraded panels often reduce insurance premiums, prevent costly appliance damage from power surges, and increase your home’s value. Many homeowners find that utility savings and insurance reductions help offset the initial investment over time.