Water in Main Panel

From today’s inspection
Split Main Panel
… water is entering the service cable from exterior and flowing to the Panel…

Did you actually see water/moisture? It looks like your average loose connection to me. . .

yes…
Damaged insulation / jacket on exterior service cable…
water streaks and bottom of main panel heavily corroded…

I would love to know the measured temperature at that connection !

Looks pretty nasty! Could you see the severe rust on the outside of the panel cover ? If so; I wouldn’t have touched it.