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Cold weather can cause older incandescent Christmas lights to fail by causing cracks in the finish or the glass itself. Modern LED lights are affected in the opposite way and perform even better as the temperature drops. 

No, you should not leave LED Christmas lights up all year. While the LED lights themselves are very durable, their wiring and casings can be as vulnerable as any Christmas lights. They’re subject to drying out, experiencing cold or sun damage that causes them to crack, and even damage caused by gnawing pests. (The same is true of incandescents.) If you want your lights to last the years that they’re rated for, bring them inside after Christmas is over. 

The average cost to install outdoor or landscape lighting is around $4,000, with most projects ranging from $2,000 to $6,000. The total cost can vary widely depending on several factors, including the number of fixtures, design complexity, and the type and quality of the lights used, such as wall sconces, pathway lights, or lamp posts. Other factors that influence the price are the square footage of the area being lit, the amount of electrical work needed, any required excavation or trenching, and local permitting costs. For specific types, you might pay around $100 for pathway or string lighting and up to $700 for lamp post lighting.

You can take a few steps to prolong the life of your holiday lights. Make sure to replace burnt-out bulbs as quickly as possible to avoid overloading the rest of the circuit and knocking out more lights. Before packing them up each year, plug each strand into the wall to confirm everything is still working. Wrap the lights carefully back into their original packaging or something similar—winding a strand tightly together or leaving it to hang loose in a storage bin can lead to frayed or damaged wiring.