New panel box pricing typically ranges from about $150 to $1,900 for parts and labor, with most residential projects landing between $450 and $1,500 depending on amp rating, gauge of wiring, and labor complexity. The cost of a new panel box depends on the box size, meter/branch requirements, enclosure type, and labor for installation. This article breaks down typical price ranges and driving factors to help homeowners and contractors budget effectively. Balance of 2 hr (s) minimum labor charge that can be applied to other tasks. Permit Fees: Mandatory electrical permits typically range from. The electrical panel, often called the breaker box or service panel, functions as the central distribution hub for all electricity entering a home. This assembly safely divides the single power feed from the utility company into multiple circuits, each protected by a dedicated circuit breaker.