Rochester, Washington, looking west from the center of down-town. Rochester, Washington, looking east from the center of down-town. NOTE: This website is undergoing many changes - its size has gotten way too large to easily manage. If you encounter a link that no longer works it may be that I have accidentally removed the page/picture the link points to.
Without seeing the extent of the damage, it's impossible to say if the damage might cause a short/start a fire, or pose a shock hazard, or both; you could be seriously injured or killed. There are suggestions to tape the wire with electrical tape. This can be done, but be extremely careful.
In certain scenarios, heat can build up within walls and cause a fire. Any irregular electrical behavior should be looked at by an electrician as soon as possible. While repair may be adequate, electricians will often recommend an upgrade in order to improve the overall quality of the electrical system. Labor Costs When upgrading a panel, labor will likely be the most significant portion of costs.