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Like any other household appliance, electric fireplaces can wear out after about 10 to 20 years. With more frequent use, the parts will wear out quicker, and you may get just 7 to 10 years out of a well-loved electric fireplace. Fortunately, electric fireplaces come with a lower upfront installation cost compared to alternatives like gas, so you can install a replacement for less.

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.

Whole-house generators can run continuously for extended periods, even for weeks at a time (around 400 to 500 hours), as long as they have a sufficient fuel supply. However, this type of extensive use will increase wear and tear and can shorten the generator's overall lifespan. During long periods of operation, it's important to check and refill the engine oil as needed, potentially as frequently as daily depending on the model. If your generator uses a fuel tank, ensure it is kept full to prevent unexpected shutdowns.

If you have a tank-type electric water heater, it runs regularly to keep the water at the desired temperature. If you live in a home where you don’t use much hot water, it could seem wasteful to run power to heat water that you’re using infrequently. You could save some power by using a smaller tank, insulating the tank, or lowering the temperature of the water heater.