Did you check to see what your electric rates will be? Here in New York and in northern Michigan, the house gets the lowest rate. If you add a separate service with its own meter, e.g. for a workshop or barn, the rate is a lot higher - forever. Montly base service fee is higher and price per KWH is higher. If you feed the shop or barn from the house-service, it stays at the one cheaper rate. That's why many dairy farms around here have the barns hooked to the house service, when possible.
If you think you've got to have a 200 amp service to the barn, it's one thing. But if you can get by with a 100 amp serice, it might make more sense to update your house panel -IF the rates will be higher as they are here. Check your downlead to your house entrance panel and see what size it is. Even if you have to upgrade it to 4/0 AL for a 200 amp service, it might be worth it. Probably only 50 feet of wire to buy. My house has a 200 amp service feeding two 100 amp services going to two barns, with direct burial #2 aluminum cable. Obviously, if there were a bunch of people here using major appliances in the house and also in both barns, all at the same time, there would be a problem. That never happens.
If there is no price hike for two meters, then I guess do whatever is easiest. My barn and shop has around twenty 4 foot lights, drill press, 6 horse air compressor, 240 volt welder, lathe, honing machine, grinders, heat lamps on in the late winter for animals, etc. Never had an issue with power.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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