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. A distribution box, also known as an electrical distribution board or panel, serves as the central hub for managing and distributing electrical power throughout a. Circuit breaker switch: This is like the boss of your electrical panel. It flips off to stop the flow of electricity if there's ever an overload or a short circuit, helping prevent electrical fires. Electric meter box: This is where the electric company keeps track of how much power you're using. Understanding the process and potential expenses can help you avoid costly surprises and ensure a smooth renovation.