Looks to me like it would be much easier and cheaper to leave the house alone (provded its suitable) and just get a new seperate service and 100 or 200 amp (plenty of upgrade capacity) service and panel out at the shop. Thats exactly what I have. Provided the utility will furnish the shop service????????????? their expense is to the utility pole and transformer and all you have is the short secondary drop. THATS IFFFFFFFFFF THEY WILL DO THIS ?????????????????????????
If you run a branch circuit from house to shop you have to run 4 wires (2 Hots, Neutral, Equipment Ground) and thats alllllll your expense. It may or may not require some buried conduit depending on if you go under driveways etc. Dont forget grounding out at the shop
Also theres a limit as to the biggest size of a branch breaker you can feed out of a 150 or 200 amp main panel. If you upgraded the house to 200 amps you can easily run a 100 amp branch circuit out to the barn butttttttt if its only 150 at the house I dont see you providing 100 amps out to the shop.
STANDBY GENERATOR: Im assuming thats ONLY needed for the house right??? I suggest use of a Transfer Switch or else go with one of the cheaper lock out main breaker thingamagiggys. Of course, if you go the sub panel feed from the house (NO seperate shop service) you could have some emergency power out there.
I will post again once you decide on the approach you take.
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