Modern electrical panels are properly designed and safe, however homes with electrical panels (also known as circuit boxes) installed as recently as the 1980s may contain components that have deteriorated, because of the components that were in use at that time. Your electrical panel may have become unsafe with age and may pose safety issues for you and your family. Old electrical panels have limitations on available space to add circuits or they may have fuses. Some home insurance policies will not insure a property that has fuses. However, this is not the only reason why your electrical panel may need to be upgraded if you are:
Renovating of your home, particularly the kitchen, which is appliance-heavy.
You are adding a home addition.
The addition of a major appliance, such as central heating and air, stoves, spas, garage power equipment, and more.