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If a 240V appliance is connected to a 120V outlet, the lower voltage will cause that appliance to receive insufficient power. This may result in reduced performance, malfunctions, or even damage to the appliance's components. Depending on the size of your electrical circuit, you’ll likely need to reset a tripped circuit breaker at the very least.

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 Replacing old wiring like knob and tube wiring will be even more expensive, but fortunately that kind of outdated wiring is fairly rare.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. 

Light switches can last for decades when installed and maintained correctly. Improper wiring, heavy wear and tear, or too much wattage draw can cause light switch failure long before the expected end of a light switch’s life. Light switches that are hot to the touch, making a buzzing noise, or failing to work consistently should be inspected to find and repair the underlying cause.

The number of outlets and lights you can safely run on a single circuit depends on the circuit's amperage and local electrical codes. A general rule is to allow one outlet or light fixture per 1.5 amps, keeping the total load under 80% of the circuit breaker's capacity. For example, a 15-amp circuit can typically support up to eight outlets or lights, while a 20-amp circuit can accommodate up to ten. Always consider the combined power usage of all connected devices and fixtures to prevent overloading. For specific guidelines and to ensure safety, it is best to consult local electrical codes or a licensed electrician.