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You will need two available spaces in your existing 200 amp service in order to add a second panel. You may be able to free up an additional space by simply relocating an existing circuit in your 200 amp panel to your new second panel. You should be able to find a few good options especially if you have unfinished basement space or equipment, gas furnace, basement lighting, etc. Try to relocate the smallest available circuit to conserve the available power of your new panel for the equipment you want to add to your wood shop. You may also explore the options of changing existing breakers in your 200 amp main panel to "half-size" breakers. Caution must be used if this is done. Only use breakers specifically listed and accepted for use in your panel and do not change multiwire circuits, i.e. 3 or 4 wire circuits "sharing" a neutral conductor.

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Q: I am building a woodworking shop in my basement and would like to install a second service panel. I currently have 200 amp service with only one open circuit breaker in this panel.?
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