Once an electrical panel that has been installed in your house gets old, the thought of upgrading or replacing it is a lingering one. But this is not easy on the pocket. There is always a certain hesitation about the replacement being worth the cost. If you are contemplating the same, you’re in luck! You can go through this article and then make up your mind accordingly.
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Is an upgrade or replacement worth it?
As you look at upgrading your electrical panel, you’re often in doubt due to the high costs. The cost of upgrading an electrical panel is not pocket-friendly at all. The overall cost of replacing the electrical panel is also extremely expensive. But it is the need of the hour. Here’s why:
A heavier load capacity is needed in modern homes
If your home is older, there is a high chance that electric-powered devices and appliances that are more than the standard when the house was originally built are currently used. So, your house’s electrical system may have problems with a heavier load that is caused due to these electric devices or appliances. A heavier than normal load will cause your breakers to trip frequently while using your appliances or devices and prevent you from using your electrical appliances with ease.
Protection from unwarranted electrical fires
An old electrical panel puts you and your family at a higher risk of getting caught in an electrical fire. Your house can be in danger in such cases. An electrical fire, while causing deaths, can also ruin your house and put all your belongings at extreme risk. Replacing your outdated electrical panel is the smart thing to do. While doing so, a thorough check must also be done of the entire house’s wiring so that your house’s electrical system is completely safe.
A better electrical panel increases the resale value of your home
Increasing and maintaining the value of your house is every single homeowner’s priority. Upgrading the electrical panel of your house boosts the value of your house and makes it more appealing. If you decide to put your house on the market for sale, this upgrade could help you get a good amount for your house. An upgraded electrical panel will help you boost the sales for your house if you decide on selling it in the future.
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