how much does it cost to rewire electricity in a home?
- Add up the number of additional circuits you desire. A new circuit runs approximately $175 to install. If you need a new electrical panel to service the home, the cost will be between $1,000 to $3,000, depending on the number of circuits. Factor in the cost of the supplies to the estimate. According to Networx, a website for electrical contractors, the copper wire alone for an average rewiring job can run up to $1,000.