If your home has an older electrical panel, you might have thought about upgrading it. However, you could be wondering if it’s worth the cost. Many homeowners do find that it’s completely worth it to hire an electrician to upgrade their electrical panel. These are a few reasons why.
Modern Homes Require a Heavier Electrical Load Capacity
For one thing, if your home is older, there is a chance that you use more electric-powered appliances and devices than were standard when the home was first built. This means that your home’s electrical system might have a hard time keeping up with the heavier load, which can prevent you from using all of your appliances and devices without causing your breakers to trip.
Safety from Electrical Fires
Electrical fires can and do happen each year. In fact, there are approximately 51,000 home electrical fires each year, which leads to a whopping 500 deaths per year. If your electrical panel is outdated, there is a chance that you and your family are at risk of becoming victims of an electrical fire. This could put you and your household in serious danger and could cause you to lose your beloved home and all of your precious belongings. Having your electrical panel replaced and all of your house’s wiring checked now can help ensure that your home’s electrical system is as safe as possible.
Improve Your Home’s Resale Value
As a homeowner, it is probably important to you to do what you can to increase and maintain your home’s value. One good way to boost your home’s value and to make it more appealing in the event that you choose to put it on the market is to upgrade the electrical panel. This can serve as a great selling point if you do choose to put your home up for sale at some time in the future and could allow you to get more money for your home when it does sell.