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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.
Cost of an Electric Panel Upgrade. You have an option of installing an electrical subpanel to supplement your existing panel. If you wish to just upgrade your existing panel to 100 amps without buying a new panel expect to pay anywhere from $800-$1300.