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Default Are Circuit Breakers Over-rated?

OP He So here is the $800 estimate:

Removing the existing 60-amp fuse box, meter socket and service
cable.
Install a 100 amp service with a 20 circuit panel
Run 30 ft. of 1-- amp service cable and install a new meter socket.
Install an 8 ft. ground rod and wire it to the panel.
Supply new connectors, straps, circuit breakers and a service head.
Mark the main appliances in the house.

Anything I should question? Thanks again
 
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