Thanks for the replies and confirmation.
1) Upgrading a normal overhead service riser mast and (1) one panel is usually around $1500 to $2000.
Since (2) two sub-panels are involved along with the 2 feeder circuit conduits and disconnect switches, I would budget a minimum of $4000 for the project. Keep in mind, that the prices can vary. Much of this depends upon the hourly labor rate that the contractor wants to make as well as the % mark-up on the project. Prices will also depend upon the ease or difficulty of the project.
2) I recommend to obtain 3 firm quotes from local licensed electrical contractors. If one of the bids is much higher than the other 2, eliminate the high bid as that contractor is either trying to rip you off or doesn't know how to properly bid the job. If one bid is way too low, also eliminate that bid, since the contractor doesn't know how to bid. On most bids, it is usually the middle priced one that wins the job. Also get 3 references before picking out a contractor. Make sure the contractor pulls the electrical permit in their company business name and not you. Also insist on an electrical inspection from the local electrical inspector.
If you have any additional questions, just let me know and I’ll be glad to answer them for you.
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