mike93lx
ALLIANCE MEMBER
It's a one time expense of about $400 to go from #2 mhf to 2/0. Another $400 to move to 4/0. Not exactly an earth shattering sum to someone building a 30x40 shop.It's not the cost of the panel. It's the 300ft of wire that's gonna get you. I recently added a sub-panel to a separate storage building. Mine was only about 100ft from the house. I rented what I thought was a large enough trench digger from home depot but the soil is very hard and rocky so we had quite a bit of trouble digging the trench. It doesn't sound like you'll have that issue.
If the local electric company will run a separate meter to your garage, then I'd have them do that. If not, I'd go with aluminum wire over copper. I used 6 gauge aluminum xhhw-2. I felt like I only needed 50 amps but if you're looking for 125, you'll probably need to go with 2/0.
I paid just over $100 for the wire. If I had gone with copper, it would have been well over 3 times the price.
I'd bump up to at least 2/0 if this was my shop.