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For distribution-level work, expect the total project range to be about $300,000 to $15,000,000, with a common mid-point near $1,000,000 to $3,000,000 for mid-sized substations. A per-unit lens helps: transformers priced by capacity, switchgear by protection scheme, and. . For the control building: Includes the price of 20 stand-alone panels/racks, battery, and HVAC. Add the cost of additional steel (if any) $800 per 1000sqft assuming a 500kCMIL bare copper wire. Understanding these variables is essential for accurate budgeting and cost comparison. Voltage Level: Higher voltage substations require more robust insulation, larger equipment, and advanced safety features, increasing costs. . The cost of a compact substation isn't one-size-fits-all—it depends on your project's specifics. Here are the main factors driving the price: Rated Power (kVA): Options range from 250kVA to 2500kVA. Prices swing between $25,000 and $70,000 —like comparing a budget sedan to a luxury EV. But why the wild range? Let's break this down.