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. Understanding distribution box cost is essential for businesses and property owners planning electrical installations or upgrades. The article outlines cost ranges, per-unit pricing, and practical. The cost of a new panel box depends on the box size, meter/branch requirements, enclosure type, and labor for installation. It takes the incoming power and safely distributes it to different circuits throughout your building.