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There are many signs it is time to replace an electrical panel, starting with flickering lights. Other tell-tale signals include overheating appliances, light fixtures that cause an electric shock, hissing or crackling from the breaker box, burned or blackened spots near the breaker box, and breakers that trip whenever activating power-hungry appliances like microwaves.

Most household circuits can handle about 70 strings of 50 standard mini lights, or up to 600 strings of LED lights, which consume less power than the incandescent variety. Make sure to factor in any appliances also running on the circuit.

A Tesla Powerwall comes with a standard 10-year warranty that guarantees the unit will provide at least 80% power during this period. After this time, a Powerwall may continue to operate, even if at a reduced capacity for another 10 to 15 years. Other factors can affect the long-term performance and durability of your Powerwall, such as energy consumption and how often you charge the battery.

By nature, two-prong outlets aren't grounded—but the box they run to might be, which makes them safer. The safest way to test if an outlet is grounded is to purchase a circuit tester, which cost about $20 at home improvement stores. 

If you discover your outlet (or outlets) aren't grounded, know that this greatly increases your risk of personal injury and electrical fires. You may want to consider installing new three-prong ground fault circuit interrupter (GFCI) outlets. On average, the cost to install GFCI outlets is about $210 per outlet.