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You can bury underground electrical wire six inches deep—but only if you use a rigid metal electrical conduit. For rigid, non-metallic conduits, bury the wire at least 12 inches deep. If using an underground feeder cable rated for direct burial, you'll need to place it at least 18 inches deep, as it has no conduit for extra protection.

A weatherhead, the meter base, the breaker box, and a meter panel are all vital components of a working meter riser. If one part of the system is faulty, it could damage other parts, so consider having an electrician inspect the entire unit. The cost to replace the meter panel alone may cost $500 to $1,000, so consider this in your budget for replacing the meter riser.

Overall, heating your home with an oil furnace tends to be less expensive than heating your home with an electric heating system. Oil heating systems stay warm for longer periods of time without drawing a constant electrical current to maintain a temperature. Plus, heating oil systems typically have a longer lifespan and lower price tag than their electrical counterparts, resulting in short- and long-term savings.

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.