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What is the difference between a ground wire, live wire and neutral wire?

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What is the difference between a ground wire, live wire and neutral wire?

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The ground wire (usually the bare or green copper wire) is for safety. It is the conductor that goes to the ground rods, the main water bib (a water bib is where the main water line comes into your home) and your main electrical panel. In turn this is run to all grounding connections in your home.

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