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The size of your home will help determine the size of your electrical panel. Usually, the decision comes down to a 100-amp electrical panel versus a 200-amp panel. Smaller homes, especially those without an HVAC system, may be able to get by with a 100-amp panel. 

If you have a larger home or need to power AC, a 200-amp panel should be the best fit. It’s unlikely that you’ll need a larger panel than that unless you have a larger home or unique electrical needs, but an electrician can help you make the final call.

Common warning signs of an overloaded electrical panel or meter box include frequent circuit breaker tripping, flickering or dimming lights, scorch or burn marks, and a burning scent coming from the panel. A circuit breaker trips as a protective measure to prevent overheating and potential fires. If you observe any of these signs, turn off the affected circuit breaker and move some devices to a different circuit. If the problem persists after turning the breaker back on, you should contact a professional electrician to resolve the issue.

A weatherhead, the meter base, the breaker box, and a meter panel are all vital components of a working meter riser. If one part of the system is faulty, it could damage other parts, so consider having an electrician inspect the entire unit. The cost to replace the meter panel alone may cost $500 to $1,000, so consider this in your budget for replacing the meter riser.

It can be safe to buy or live in a house with knob and tube (K&T) wiring, but only if the system is in good condition, functional, and has been thoroughly inspected and approved by a licensed electrician. Never purchase a home with K&T wiring without getting a professional electrical inspection first.

Key considerations include:

• Safety and Condition: An inspector will verify that the wiring is safe and has not deteriorated. Over time, the insulation can wear away, leaving exposed wires that pose a significant fire or shock hazard.

• System Capacity: The electrical service should be at least 60 amps. However, even at this capacity, K&T systems often struggle to handle the demands of modern appliances and electronics.

• Lack of Grounding: Knob and tube wiring is an ungrounded system, which is a safety concern for many modern devices.

• Ongoing Maintenance: If you live in a home with K&T wiring, it's recommended to have it inspected by an electrician every one to two years to ensure it remains in safe working order.

Ultimately, any inspection or modification of a knob and tube system should always be performed by a certified professional.