I just built a new addition on my home, bigger than my existing home. I want to move the service panel from the old basement to the new basement, I would like to do this using the 4/0-4/0-4/0 aluminum service wire run in conduit, it is about 45 to 55 feet. What is the code on this? Also what is the code on location of the panel? I planned on mounting it in a storage closet in the new basement, I know it can not be in a clothing closet and needs like 36" x 36" clearence.