In just the past 5 years, the cost of wire has more than tripled. I remember when I could buy a 250ft roll of #12-2/wg for arond $30.00. Now that same roll of wire will cost you over $100.00. $1600.00 sounded high to me at first, then I consider the rate of price increases and it doesn't sound bad at all. Better get it done before the prices go up again.