At Randy’s Electric, our electricians upgrade service panels on a regular basis. If you have an older home (one that is 30 years or older), then you should consider having your electrical panel replaced.
This is especially the case if your home is 50 years or older, because more than likely you have an electrical panel that was manufactured by Federal Pacific. This company outfitted most of the homes built in the 1950s and 1960s, and these panels are notorious for not only failing, but also causing fires as well.
Not only should you consider an upgrade to increase your safety, but also due to the modern electronics you have in your home. Advanced appliances such as air conditioners can demand more power than all the appliances and electronics did in the typical home 30 years ago. Your countertop appliances alone can draw a great deal of power. Many older homes are unable to handle that amount of power – merely adding more receptacles will not increase the available power.