Well said and I'd just add that since the NFPA decided the regulation of voltage drop was not in the scope of the NEC it efforts to regulate it moved to the International Energy Conservation Code (IECC), so its in a adopted code just not the NEC.A quick calculation tells me that at 200 feet, a 1/0 feeder to a 125 amp panel yields a voltage drop (to the panel) of 5.38%. VD along branch circuits could add another percent or two. That is not good enough. VD is not a myth. Equipment does not operate as well as it should when the applied voltage is low. It is incumbent upon designers and installers to provide our clients with an adequate voltage supply.
Yes, the NEC includes no required maximum amount of voltage drop for the majority of the equipment it covers. It does offer what is essentially a suggestion. But that does not leave us free to ignore VD.
And since engineering contracts between a PE and a client typically say the drawings shall "meet all local codes" it could be an 'error or omission' of a PE to not include voltage drop in stamped plans (in CO) where wire sizes are given, as voltage drop is regulated by the state of Colorado IECC section C405.10 in the 2021, which says the total voltage drop across feeders plus branch circuits shall not exceed 5 percent.
While it may not be enforced by the electrical AHJ, it could be enforced down the road by a litigious client as a construction defect ('error or omission' claim) not just the AHJ.
Colorado training materials show that exact commercial requirement but I am not clear on resi. However for residential it depends, Low-rise multifamily, 3 stories or less above grade, is treated under the IECC residential provisions and are likely exempt. DOE's Colorado/IECC materials state that the IECC residential provisions are limited to multifamily buildings that are three stories or less above grade but I'd suggest the OP do submit a RFI and referece IECC section C405.10 or whatever it is at present.
And as Larry correctly pointed out the calculation is based on NEC calculated load of the feeder not panel size.
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