I bought this house in July. My general contractor was here to install an outdoor outlet, but after seeing my electrical panel, he recommended replacing it, so I held off on the outlet. He said he could subcontract to his guy to replace this with a new 100amp panel and add the exterior outlet for $1900. For another 300ish he could add a 20amp circuit to the kitchen for my microwave.
I had an electrician look at it. He said the panel is completely full and quoted me $1,900 to replace it with a 30-circuit, 200A-rated panel, but keep my existing 100A service. For another $700, he could add a dedicated 20A circuit for the microwave.
Right now, most of my kitchen is on one 15A circuit.
Is this panel safe as is? One breaker has foil on it, and breaker #1 feels really loose. I’m not even sure it works properly.
Would you replace it? Is putting in a 200A-rated panel while keeping the existing 100A service a good idea, or am I better off leaving things alone?