haskindm said:
If the tenant's disconnect is located in the basement, they will need to have access to it per 230.72(C).
As I recall, this requirement is not required in NJ to existing properties under the Rehab Code.
As Satcom said....NJ is starting to crack down on the illegal apt. issue.
Before you commit to ANYTHING, be sure they have the zoning approvals.
You might also need a 3rd meter - depending on house layout.
I would strongly consider putting in a 3rd meter if ANY areas are "common" (which would include front/back porch lights & recepts.; basement, stairwells, etc)
But to finally answer the OP's actual question:
My question is am I required to put the second story panel in the second story Or can I put both panels in the basement (current location of main panel).
Maybe.
The Rehab Code may be your friend here....depending on the extent of the renov./remodel.
Given the extent of circuits that may be sharing floors, the number of ceilings and floors that may be needed to be opened for plumbing, heating, etc....it may be an option to put that panel on the 2nd flr.