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5 Reasons to Upgrade Your Electrical Panel

Do you know when to upgrade your electrical panel?

Your home’s electrical panel is critical. This device takes the power supplied to your property and distributes it throughout your home, powering your electrical systems and keeping every electrical device operating safely. Because this device is so crucial, it’s important to know when to replace or upgrade your electrical panel, as well as the benefits of doing so.

Here at TCA Electric, panel upgrades are one of the most essential residential electrical services we provide. A timely panel upgrade provides many benefits to your family and home. So in today’s post, we’re taking a look at five of the biggest reasons to upgrade your electrical panel! Let’s get started.

Mitigate safety concerns

There’s no other way to put it: electricity is dangerous, especially if left unchecked. The chief role of your electrical panel is to take the power supply delivered to your home and safely distribute it.

Because your electrical panel is such a critical failsafe, leaving in an old or faulty electrical panel increases the risk of dangerous situations. An outdated or damaged panel can result in overloads or even electrical fires. Upgrading your panel ensures that the first line of defense for your home’s electrical systems is effective and sound.

Insurance coverage

Homeowners insurance can help cover the cost of many forms of damage to your home. This can include electrical damage—but potentially not if your electrical panel is uninsurable.

Certain electrical panels that are known to be faulty or fail after a certain amount of time may be “uninsurable.” This means that any damage to your home as a result of having one of these panels installed may fall on you to cover. Check with your trusted electrician to find out if your electrical panel is known to be faulty—and if so, upgrade it as quickly as possible!

Add capacity for modern appliances

New appliances and devices mean new power demands for your home. If you’re hoping to upgrade your home and add a new appliance or device, such as a dishwasher, hot tub, or home EV charging station, you may run into issues if your electrical panel is out of date. 

An electrical panel upgrade will enable you to add other modern upgrades to your home without worry!

Future-proof your home

Even if you aren’t currently adding upgrades that risk maxing out your existing electrical panel, it may be a good idea to upgrade your panel anyway, especially if you’re remodeling your home. Bundling an electrical panel upgrade with your current remodeling efforts could save you the additional hassle of doing so later, and may even save you some money. It also means your home will be ready for new upgrades as soon as you need them in the future.

Increase the value of your home

Are you hoping to sell your home in the next few years? A new electrical panel is an upgrade that potential homebuyers will likely appreciate. Many prospective buyers purchase homes with the intention of adding their own upgrades down the line, which means a new panel adds lots of value.

In addition, if your electrical panel is outdated or damaged, it will hurt the value of your home on the market. Upgrading your service to meet modern standards will avoid this issue and ensure that you get a fair price for your home sale.

TCA Electric Offers Professional Electrical Panel Upgrades!

At TCA Electric, we provide professional electrical panel upgrades to keep your home safe and provide the capacity for any modern conveniences you’d like to add to your home. Our licensed and qualified electricians have years of experience providing expert residential electrical services. We’d love to make your vision for your home a reality—and that starts with a new, reliable electrical panel! Contact us today to get started.

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