The main reasons for replacing a circuit breaker panel, commonly known as a panel swap, is:
Steps involved in replacing most circuit panels
1) The power company disconnects the power to your house by pulling the meter
2) The circuits are disconnected from the current panel
3) A new panel is installed and all the circuits are inserted back into the panel.
4) The panel is inspected
5) The power company turns the power back on to the house.
This can be coordinated to happen in a day but is dependent on the power company.
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