Replacing a home meter box typically costs between US $500–$2,100, though large or complex jobs — like 400-amp or full service upgrades — may reach $5,000+, depending on wiring, permits, and labor. Adding a separate electricity meter costs $1,400 to $4,700. Key cost drivers include panel amperage, indoor vs outdoor location, wiring length, and whether a full panel upgrade or rerouting is needed. Professional installation ensures NEC compliance, proper grounding and bonding, and successful inspection approval. Later sections detail how component. The installation of an electricity meter is usually free, but you'll need to make sure that you're happy with the provider's tariffs.