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Your breaker box houses the breakers that control the circuits in your home, shutting them off if they overload or experience similar problems. Your meter box houses your electrical meter that monitors the electricity flowing into your house and measures its use for your utility company.

In some cases, both components are in the same box, but they don’t have to be together. Many homes have them split, with the breaker box inside for easier access and the electric meter outside.

While it’s not possible to put a main breaker in a main lug panel, it’s possible to convert a main lug to a main breaker. Converting to a main breaker panel offers increased safety, simplified control, compliance with building codes, and adaptation to changing electrical needs, especially when adding new circuits or upgrading the system.

There are many signs it is time to replace an electrical panel, starting with flickering lights. Other tell-tale signals include overheating appliances, light fixtures that cause an electric shock, hissing or crackling from the breaker box, burned or blackened spots near the breaker box, and breakers that trip whenever activating power-hungry appliances like microwaves.

The cost to replace or install an electrical outlet can vary. On average, you can expect to pay between $125 and $215 per outlet, including labor and materials. For a standard 120v outlet, the material cost is typically between $10 and $50. Labor costs for an electrician usually range from $50 to $100 per hour. The total cost can be higher if there are complex electrical issues to resolve. Specialized outlets like GFCI or high-voltage types can cost up to $50 each for the material alone. If you are replacing many outlets throughout your home, the total project cost could be between $900 and $3,000, but you may receive a better per-outlet rate from the electrician.