If you live in an old residential property and haven't upgraded your electrical wiring system, you could be missing out on several things. Even though there are no set guidelines for when you should upgrade your electric panel, a change offers you the opportunity to start afresh by installing energy-efficient systems that can dramatically reduce your utility bills. First, of course, you'll need a professional to help you with a residential electrical panel upgrade, but before you do, there are some essential things you need to know.
Here is why you need a residential electrical panel upgrade.
An Energy-Saving Option
The power demands for homes in the US are growing, with most people using electricity for heating and powering electric gadgets such as computers, phones, and more. An old panel can increase the cost of electricity, and therefore, you can consider upgrading your panel to cut down on the overall utility expenditure.
The old system may not handle the modern energy demands in residential homes and could eventually crumble. Nobody wants a power interruption in the middle of the night or during winter when temperatures are below zero. Upgrading is a practical option since you'll be assured of a continuous power supply. Also, a new system can help prevent the problem of overload due to increased demand. On the same note, power surges are not desirable since they may cause fires that endanger your property and family. Upgrading your electric panel ensures the system can handle several devices at the same time yet efficiently. In addition, issues such as dim lights will be a thing of the past. Finally, you'll have more electric outlets, which reduces the need to use extension cords or adapters.
Improves the Value of Your Property
If you're considering selling your property, the design of your electrical panel will be a subject of concern. An old electric panel will feature in the valuation report, and this can quickly devalue your property. Upgrading the electric panel ensures your property matches the market demands of potential buyers. Even if you finally get a buyer, they'd want to pay a lower price than the market if there's an old system in place.
Upgrading your home's electric network can help cut down electricity costs and improve the value of your property. It also protects your electric appliances from a power surge or overload and helps in preventing a fire hazard caused by faulty wiring. Contact a professional for a residential electrical panel upgrade and enjoy the above benefits.