5 Benefits of Upgrading Your Electrical Panel

Think of your electrical panel as the heart of the home, maintaining the flow of electricity so you can live efficiently and comfortably. Replacing your home’s electrical panel can boost safety and efficiency, and prepare your home for the latest and greatest appliances and other energy-heavy devices. Let’s review the key benefits to upgrading your electrical panel and why it’s a smart investment.  

What Is An Electrical Panel?

Commonly referred to as a breaker panel or distribution board, your home electrical panel is the hub that distributes power to different circuits. It’s a metal box with a series of circuit breakers or fuses that controls the flow of electricity to lights, outlets, and appliances. 

Benefits of Upgrading Your Electrical Panel

Check out the advantages of upgrading the size and output of your electrical panel.

1. Increased Capacity

One of the major benefits of upgrading your electrical panel is the ability to better meet the demands of new appliances or systems. This is especially true if your home has been recently renovated and you’ve put modern high-power appliances or an HVAC unit that requires more power. 

2. Improved Safety

Older electrical panels don’t come equipped with the safety features of today’s models. Upgrading your electrical panel can reduce the risk of short circuits, electrical overloads, and electrical fires so your belongings and your loved ones stay safe. 

3. Additional Home Value 

Whether you’re updating an older home in preparation to sell it or investing in your current home, updating your electrical panel can add some serious home value to potential buyers who likely won’t want to invest in that kind of change after enduring the costs of moving and purchasing a home. An electrical panel has a return-on-investment (ROI) of about 53 percent.

4. Increased Efficiency 

You can reduce energy waste and your monthly electrical bill by investing in an electrical panel that optimizes your home’s electrical flow. Newer panels often come with technology, such as advanced circuit breakers, that can improve the efficiency of your home’s power distribution. 

5. Better Performance

Say sayonara to flickering lights or inconsistent voltage—a new electrical panel means even your most sensitive electronics will receive consistent power so you don’t have to flip a breaker halfway through heating up a meal in your air fryer. 

Signs You Need to Upgrade Your Electrical Panel

Your electrical panel and the electrical function of your home will show these telltale signs that suggest replacement is in your near future: 

• Your panel is over 25 to 30 years old and no longer meets electrical standards. 

• Burning smells or discoloration around the panel are present. 

• Your breakers are constantly tripping. 

• Visible rust or water damage is seen on or near the panel. 

• You notice flickering lights or inconsistent voltage on a regular basis. 

• Power surges, short circuits, or sparking outlets are common. 

You can also reach out to your local electrician to perform an inspection and see if an upgrade makes the most sense for your home.