It depends on the type of wood paneling. If you are looking to replace an entire room's worth of wood paneling, it would be in the range of $2,000 - $5,000. However, if you are only looking to patch up a small section, it would cost around $100 - $300.

The cost of replacing wood paneling depends on a variety of factors, including the type of wood, the size of the job, and the level of labor required. Typically, labor costs will be the most significant factor in determining the overall cost of replacing wood paneling. Replacing wood paneling can be a relatively expensive project, depending on the scope of work that needs to be done. In most cases, it will likely be more cost effective to simply refinish or paint existing wood paneling rather than replace it altogether. However, if the existing paneling is damaged or in poor condition, then replacement may be the best option.