Advantages and Disadvantages of Upgrading an Electrical Panel
Upgrading to a new electrical panel can alleviate frustrations caused by power-hungry appliances and insufficient capacity, allowing for simultaneous operation of desired appliances with ease.
Upgrading an electrical panel can seem like a big deal, and it is. However, there are advantages to doing so, along with some disadvantages.
Here is a breakdown of both to help homeowners make informed decisions:
The advantages
Let’s begin with the positives of an electrical panel upgrade.
Safety
The old electrical system could be dangerous, especially with rusted, worn-out panels. So, swapping the old for the new means more safety when needed.
More power
Appliances can be power-hungry, and old panels don’t always keep up. It can become a frustrating juggling challenge when not every desired appliance can work simultaneously. A new panel can mean more capacity for all these energy demands.
Future-ready
The future will revolve around technological gadgets. For example, envision a home theater or an electric car. An upgraded electric panel is more likely to handle these future devices.
Potentially lower insurance rates
Safe and modern electrical systems are great for saving money on insurance. Some insurance companies give a break on premiums to less risky homes thanks to a brand-new electrical panel.
The disadvantages
It may seem like a clear-cut “yes” for a new electrical panel, but some drawbacks remain.
Price
As with many upgrades, cost is a significant consideration. It’s an investment that demands weighing the costs with the benefits. However, it may pay off in the long run, especially depending on the age and state of the current panel.
Inconvenience
Upgrading means a short-term power outage. It’s a day or so of inconvenience, but it is still an inconvenience. It could especially hinder those who don’t have an alternative place to stay or depend on electricity at home for their livelihood, like people working from home.
Permits and inspections
Installing a new electrical panel doesn’t go straight from a decision to the actual work. It usually requires permits and almost always requires inspections. Nevertheless, it is still often worthwhile. Furthermore, permits vary from region to region, so knowing them takes research and perhaps an expert consultation.
Finding the right professional
Not all electricians are experts in panel upgrades. Finding the right expert may take some research, reading, and contact. Electricians may have a general understanding but aim to find a specialist for this task.
Electrical panels of the future
Upgrading an electrical panel isn’t a decision to make on a whim. But if you’re hitting the limits of your current setup, it could make a huge difference for a home’s safety and functionality. Chat with a trusted electrician to get the lowdown on what’s best for your home.
Kennedy Electric is a reliable full-service electrical company serving residential and commercial customers in Citrus, Hernando, and Pasco Counties. We offer electrical repairs, boat lift wiring, remodels, low voltage lighting, generator hookups, RV power, electrical inspections, fan installation, home lighting, new circuits, panels, and more. Call today at 352-251-2795.
