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Upgrading your electrical system can save you money on your monthly utility bills by powering your home more efficiently. Electrification nonprofit Rewiring America estimates that a household could save $1,800 per year on energy bills by upgrading to a modern electric heat pump, switching to a heat pump for their water, installing solar panels on the roof, and converting to an electric vehicle.

If your thermostat does not have a C-wire, you can hire a professional to check for an abandoned C-wire hidden in the wall, install a new C-wire, repurpose an existing G-wire to function as a C-wire, or purchase a C-wire adapter kit. 

There are some smart thermostat models that do not require a C-wire, but this will limit the functionality of the smart technology.

Timers work by using an internal switch to turn power on or off to the cord plugged into it. Just the same way that a light switch turns lights on and off, the timer throws the switch at the programmed times.

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.