I have a 220 volt outlet in my basement, no longer used for that purpose. I am finishing my basement into living area and need to add some new branch circuits for lighting and additional outlets. It would be very difficult to run new wiring for the basement lighting to the house main panel which is in my garage. Can the 220 outlet be routed into a subpanel in the basement and used to create a couple of new 110 branch circuits for the lighting?