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23
Apr

How to Budget for an Electrical Project

Construction & Renovations

 

There are two types of residential construction projects: brand new construction and renovations.

NEW CONSTRUCTION

Here are some quick rules of thumb to establish a working budget for new construction.

  • Electrical service – $40/amp for up to 125 amp
  • Electrical Service – $30/amp for over 125 to 200 amp
  • New home wired to code $10/finished square foot.
  • New home wired to code with a/c and some custom features $15/finished square foot.
  • New home wired to code with custom lighting and entertainment requirements $20/finished square foot
  • New home wired to code per device (outlet, switch, light box) $100/device
  • New home pot lighting $250/pot light.
  • New home under cabinet lighting $124/running foot of counter space.

Quick example:  new 1200 square foot home, unfinished basement, 100 amp service, six pot lights in kitchen, 12 feet of under cabinet lighting in kitchen.  Budget $19,000 for wiring.

RENOVATIONS

Here are some quick rules of thumb to establish a working budget for renovations.

  • Electrical service upgrade – $45/amp for up to 125 amp
  • Electrical service upgrade – $35/amp for over 125 to 200 amp
  • Panel upgrade – $30/amp for up to 125 amp
  • Panel upgrade – $20/amp for over 125 amp to 200 amp
  • Renovated area including disconnecting and making safe original wiring for demolition and rebuilding purposes $20/finished square foot.
  • Pot lighting open access $275 each; limited access $350 each; no access $400 each.

Quick example:  new recreation room in basement 15′ wide X 28′ long; replace 100 amp fuse panel with breaker panel; 10 pot lights.  Budget $14,150.

These figures are not carved in stone, but will provide a working budget for preliminary decision making.  Always get a firm quotation in writing from a qualified, licensed electrical contractor before proceeding.

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