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Yes. You should always turn off the power to the work area before beginning, use a voltage tester to ensure it’s off, and wear protective gear, such as insulated gloves or safety glasses, to prevent risk of injury. Proper wiring and grounding techniques are also necessary to make sure the job is done right the first time and won’t harm any future homeowners. 

A 60W LED bulb is likely labeled as “60W replacement” on the package—that’s because it provides about the same light output as a 60W incandescent bulb. In reality, it likely uses less energy—usually 15 watts or less. If that’s the case, then it’s perfectly fine to put a 60W LED bulb in a 40W socket. Your best bet is to read the package carefully. It will tell you the LED bulb’s actual wattage, and as long as it’s lower than the fixture, the bulb will be safe to use.

Using a wire stripper/cutter, strip about 1/2 inch to 1 inch of sheathing from electric wires, depending on the application. A self-adjusting wire stripper/cutter works best, but a standard wire stripper/cutter with holes for different gauges of wire works as well to cut and strip away the sheath without damaging the copper wire inside.

Homeowners should avoid replacing a circuit breaker without turning it off. While you technically can replace a circuit breaker without turning off the main breaker—and professionals can and do—it’s only safe for electricians to use this process. Working with a live panel is extremely dangerous if you don’t have experience working with electricity. Always follow safety measures to avoid electrical shock.