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A standard three-prong electrical outlet typically lasts for about 15 years with normal use and should be replaced accordingly. GFCI outlets may have a longer lifespan of 15 to 25 years. While some outlets can last longer if used infrequently, they can also fail prematurely. Reasons for early failure include poor wiring, an overloaded circuit, improper grounding or installation, or loose plugs. Signs that an outlet is failing include flickering lights, overheating, a discolored or melted faceplate, plugs that fall out easily, or frequently tripping circuit breakers. It is essential to address faulty outlets promptly to avoid safety hazards, especially in homes older than 15 years.

Outlets with only two slots have no ground connection. That’s more common on very old outlets, which means it’s more likely the outlet won’t be polarized. You’ll have to closely examine the slots to see if there’s a size difference indicating polarization. Keep in mind outlets this old are usually out of code and should be replaced if you’re doing any electrical work.

How many string lights can be on one outlet depends on a number of varying factors, including the total wattage of your circuit, the type of lights, the energy needs of the lights, and cord specifications. It’s better to play it safe here to protect your circuit, so figure out the max wattage of your circuit, compare that to the lights, and move on from there. Generally speaking, LED string lights require less energy than incandescent bulbs, translating to a higher number of lights per circuit. 

The cost of fixing faulty wiring depends on the type of repair required. Replacing an electrical service line, for example, can cost up to $500. Rewiring an entire house will cost at least several thousand dollars. Replacing old wiring like knob and tube wiring will be even more expensive, but fortunately that kind of outdated wiring is fairly rare. Always get an estimate from a reliable electrician to learn the cost details.