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Just as fluorescent lights are more efficient than incandescent lights, LED lights are more efficient to run than fluorescent lights. The specifics will vary from product to product, but LED lights are typically twice as efficient as equivalent fluorescent lights. A 13-watt CFL bulb can replace a 60-watt incandescent bulb, but a 6- to 8-watt LED bulb can offer the same amount of brightness. Fluorescent lights offer about 50 lumens per watt, while LEDs offer about 100 lumens per watt. LED light bulbs typically last two to three times as long as CFL bulbs, too. 

On average, replacing an electrical breaker panel, such as the Federal Pacific Electrical breaker panel, costs about $1,300. The price range for replacing electrical panels is between $550 and $2,100, depending on your location, the electrical panel’s location, and the extent of the work required to replace the panel. This kind of electrical work is dangerous and should only be done by a licensed electrician.

Most standard residential water heaters, which are typically around 40 gallons and use 240 volts and between 3,500 and 5,500 watts, require a 30-amp, two-pole circuit breaker. For smaller, point-of-use water heaters using 120 volts and between 1,500 and 3,000 watts, a 30-amp breaker is also often adequate. However, some models may have different needs; units that use more watts than average may require a 40-amp breaker, while smaller units might only need a 20-amp breaker. Newer, tankless, or more energy-efficient models can also require a higher amperage. Having the correct breaker size is crucial for safe and efficient operation, so it's best to consult a licensed electrician to determine the specific needs of your water heater.

On average, it takes from four to eight hours to replace an outside electrical meter box, not including rewiring. It will take a few more hours if the project requires pros to do any rewiring work. Consult your local electrician about a time estimate for your specific project.