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Electrical contractors are highly trained professionals that earn a good hourly rate for their services. An average panel upgrade takes about 8 to 10 hours to complete. At anywhere from $50 to $80 an hour, a client can expect to pay between $500 and $800 for their project labor. Typically, wage guidelines are established by an official body like the National Electrical Contractors Association.
Upgrading an electrical panel typically costs $800-$1,200 to change an existing panel to 100 amps, or $1,500-$2,000 for a new panel. It can cost $1,300-$3,000 to upgrade to 200 amps and $2,000-$4,000 for 400 amps. Expect to pay $500-$1,000 for installing a new sub-panel. Average total costs for rewiring a house start at $3,500-$8,000 for a moderate-sized home with easy access to the crawlspace and attic, but it can cost $8,500-$30,000 or more for rewiring a large house and/or one with difficult access. A wide variety of projects might require the skills of a licensed electrician.