The electrical panel is responsible for receiving power from your utility company and distributing it to the various circuits throughout your home or building. It contains several circuit breakers, including the main breaker that controls the flow of electricity and protects your home or building from overloads. While the average electrical panel lasts around 25 to 40 years, you should remember that yours won’t last forever, and it would be wise to figure out whether your panel is due for a replacement.
There are several reasons why you might consider an electrical panel upgrade:
- Your panel has aged. If your electrical panel is nearing the end of its projected lifespan, it’s a good idea to start thinking about an electrical panel upgrade. An old panel is more likely to be worn and may face issues like corrosion, which can increase the risk of hazards like electrical fires. Replacing your old and outdated panel will give you peace of mind and ensure reliable access to electricity.
- A new panel can increase property value. If you plan to sell at some point, especially in the near future, an electrical panel upgrade can increase your property’s value and justify a higher asking price. People are more likely to be interested in a property whose electrical components are updated and reliable.
- You can install more appliances. As new technology emerges, old electrical panels can fall behind and fail to meet the electrical demands placed on them by new and improved appliances. With an electrical panel upgrade, you can install more appliances or newer appliances without worrying about frequent breaker tripping.
If you’re interested in an electrical panel upgrade, contact us at Aspire Electric, Inc.