You can save time, hence money, on electrical work by bundling projects together. Keep a running list of electrical problems or needs in your home. When the list warrants calling an electrician, do a walk-through of your home, adding to the list any problems you observe or needs to discuss. You'll find having the electrician attend to several smaller needs in one visit much more cost effective.
Most electricians charge by the hour, so being prepared for them to get to work upon arrival will save you money. This includes not only removing decorative or fragile items from the areas of your home where work will be done, but making sure there is clear access to your electrical panel. Having ready a detailed list of all work to be done can help the electrician work most efficiently.
A good way to combat rising electricity costs is to switch from incandescent fixtures or bulbs to fluorescent ones providing as much or better lighting using less electricity. Another consideration is putting motion detector switches on outdoor lighting. You'll save money while enhancing your home's security. Attractive landscape lighting is another investment which you can enjoy now and benefit from when you sell your home.
In selecting a contractor, it's not a good idea to pick one based on hourly rate alone. Ask questions. Contractors with low hourly rates may add on separate fees or take longer to get the job done to offset the lower rate. Ideally, it's best to protect yourself by requesting a firm quote for work you want done up front.