By some estimates, the average household today is using 30% to 50% more energy than in the past. Because of this, the electrical panels in your house need to be upgraded to keep up with the increased demand. By installing a new breaker box and electrical panel, you’re investing in your present and your future at the same time.
Panel Upgrades Keep Your Home Safe
Unfortunately, electrical fires happen every year, resulting in far too many tragedies. Approximately 51,000 electrical fires take place each year and they lead to an average of 500 deaths per year. Outdated or overwhelmed electrical panels are a main cause of electrical fires. Having such a panel represents a danger to your family and home. Upgrading your panel is an investment worth making because it will keep your family safe and protect you from fires caused by a faulty electric system.
To secure and preferably increase your home’s value on the real estate market, you need to constantly make improvements. Considering that an electrical panel has a lifespan of 20-30 years and the upgrade process itself involves a significant investment, the value of your property will also be improved. If you decide to put your home up for sale, an upgraded electrical panel that has a high amperage will certainly serve as a key selling point, since more and more people have power hungry appliances and devices.
Even if your panel isn’t faulty or at risk to cause electrical fires, it can still cause damage by ruining your electronics or newer appliances. If the panel can’t handle the new power needs and can’t keep up with the energy consumption, your breakers will constantly trip, and your devices and appliances will be at risk. It’s both a nuisance and an added expense if your appliances and electronic devices, such as laptops, smart TVs or game consoles become damaged through power surges. By investing in a new electrical panel, you can use as many devices as you need , without causing your breakers to trip.
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