Can someone explain to me the difference between a switchboard and a panelboard. I have seen both and understand the physical differences, but I have also seen both installed for the similar applications in different installations. Both are available with Mains rated from 400 to 1200 amps. I think that above 1200 you would have to go with a switchboard but in that range where both are available, 400 -1200 amps, what about a switchboard would make it prefereable to a panelboard which is less expensive in terms of both space and money?