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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. 

A full home inspection can cost nearly $350 on average, but inspecting the breaker box specifically is likely to be lower, between $100 and $200. Don’t confuse this service with a basic breaker trip check, which doesn’t take long and is usually billed at $40 to $50 per hour.

If the electrician discovers a serious problem and needs to replace a breaker, it can cost between $100 and $200 in additional expenses. Although rare, replacing the electrical panel typically costs between $500 and $2,000.

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.

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.