Although you depend on your home’s electrical system, you likely don’t think much about it. It works reliably in the background, keeping your lights on and your devices humming. However, parts of your electrical system can and will wear out over time. One of those parts is your main electrical panel. It’s your home’s electrical hub, routing power where you need it and protecting your home from electrical overloads. On average, electrical panels last 25 to 40 years. Some may wear out faster than that. If you need to replace yours, here are several advantages you’ll get from a modern panel.
1. Improved Energy Efficiency
Modern electrical panels feature improved metal alloys that reduce electrical resistance. That cuts down on energy waste and increases overall electrical system efficiency. That can create noticeable savings on your monthly electrical bills.
2. Higher Total Capacity
Older homes often have electrical panels with a limited capacity, which may no longer meet the demands of modern living. For instance, many homes built decades ago were equipped with 60-amp service, while newer homes typically had 100-amp systems. However, these older systems are often inadequate, given today’s increased electrical needs. Upgrading to a modern electrical panel with a capacity of 200 amps or more ensures that your home can handle current and future demands, including energy-intensive devices like EV chargers and electric appliances.
3. Improved Reliability
Upgrading to a modern electrical panel offers improved reliability. Older panels are more prone to wear and tear, which can compromise their performance. Issues such as loose wire connections and worn-out circuit breakers are common. In extreme cases, circuit breakers can experience “silent failure,” where they fail to trip when they are supposed to. This situation means electricity continues to flow through the circuit without protection from potential shorts or surges, posing a significant safety risk.
4. Compatibility With Newer Technology
Manufacturers design modern electrical panels to accommodate newer technologies that older panels cannot support. For example, they can integrate ground fault circuit interrupters (GFCI) and arc fault circuit interrupters (AFCI) breakers. GFCI breakers protect against accidental electrocution, while AFCI breakers reduce the risk of electrical fires.
Some modern panels even allow the installation of combination breakers that provide both protections. Additionally, newer panels can support smart breakers, which offer greater control over your home’s electrical system.
5. Increased Property Value
Installing a modern electrical panel will also increase the value of your home. Potential buyers view electrical upgrades favorably. That’s because they indicate you’ve put care into safeguarding your property. A new panel also means a potential buyer won’t face post-purchase electrical upgrade costs. Most will pay a premium to avoid dealing with an upgrade themselves.
6. Lower Insurance Costs
Upgrading to a modern electrical panel can also make your home eligible for insurance discounts. Many home insurers offer such discounts because newer panels provide enhanced safety. However, the discount may vary by insurer, so it’s a good idea to check with yours for specific details.
7. Reduced Maintenance Costs
As your existing panel ages, it will likely require more frequent maintenance and repair. Replacing it with a modern panel can save you significant time and money through reduced maintenance needs. Modern panels should also provide longer periods of trouble-free operation than older ones. That’s due to their sturdier construction and advanced materials.
8. Prepared For Renewable Integration
If you’re planning to install a solar power system and battery storage, a modern electrical panel is essential. These systems require integration with your home’s electrical system through the main panel, and older panels may lack the necessary space and compatibility. At a minimum, integrating a solar power system requires space for a double-pole breaker in your panel.
Electrical Panel Upgrade Specialists
At Plugz Electric, we have been serving the residents of Forest Lake, MN and the surrounding areas since 2021. We are expert electricians who can repair your current electrical panel or help you upgrade to a more efficient and dependable model. Additionally, we can help with all your other electrical services needs, including installing EV charging stations and whole-home surge protection.
Contact us today to schedule an appointment with one of our experienced team members.
