|
A new electric panel may not be on your radar, but it could benefit you in unexpected ways.
Five reasons to consider upgrading the electric panel in your home include:
-
Enhanced safety. Older electric panels may not meet current safety standards and could pose a fire hazard. A new panel with circuit breakers that “trip” reliably can help prevent electrical fires and reduce the risk of electrical shocks.
-
Increased capacity. Many older homes have electric panels with lower capacity, whereas modern households typically require more power due to increased use of electronics, appliances, and HVAC systems. A higher capacity panel (e.g., 200 amps) helps your home handle the electrical load without overloading circuits.
-
More energy efficiency. New electric panels often have new designs that include, for example, better insulation and improved wiring, which can reduce energy loss.
-
Lowered costs. Some insurance companies may offer lower premiums for homes with updated electrical systems because they pose a lower risk of electrical fires or failures. In addition, your purchase may qualify for up to 30% (or $600) in federal clean energy tax credits.
-
Heightened buyer interest. A modern electric panel is an attractive feature to potential buyers, if you decide to sell your home.
Be sure to consult with a qualified electrician before you upgrade your electric panel to determine the best options for your home.
|
