How Much Money Can You Save Switching to LED?

Before deciding to buy LED lights, people want to know, what is LED lighting and how can it benefit them in the long run? One way home LED lighting can benefit home owners is by saving them money.

Well, what is LED lighting? Simply put, LED, which stands for light-emitting diode, is a semiconductor light source that delivers a single wavelength of light when it’s electrically charged. What makes LED lights so special, particularly home LED lighting, is the fact that they consume less energy, last longer and produce light that’s comparable to what you would get with an incandescent light bulb. But the real question is how much money can you save by switching to LED lights, right?

That’s a tough question to answer because a lot depends on how much you will use your LED lights and how much you spend on them when you first buy them and how much you pay for electricity. But to put things in perspective, LED lights can cost as much as $50 each. Add to that the fact that each bulb could last as long as 30,000 hours. A standard incandescent bulb for $1 will last for maybe 750 to 1,500 hours. If 30,000 hours is equivalent to 10 years, then your home LED lighting would end up costing you $5 per year. You could spend the same amount of money replacing your incandescent bulbs and also spend more money in energy costs.

One of the many benefits of LED lights is the fact that they consume less energy than incandescent lights and compact fluorescent lights. So, if you use a lot of light in your home, the savings on your electric bill alone make using LED lights a good idea … if you can afford it. As they become more commonplace, the cost comes down, and sometimes you can find them on sale for as little as $20 each. For some people, that still sounds like too much money to pay all at once for a light bulb, unless they consider how much they could save by replacing just one bulb a year. Each year, they would save a little bit more on their electric bill by switching to home LED lighting.

The true amount that you could save by using LED lights will depend upon, first, how much you spend on electricity each month. The more light you use, the more likely you are to save a lot of money on electricity by switching to more energy efficient LED lights. You’ll also spend less money replacing bulbs. You do the math.

Related posts:

  1. Why Using LED Lights Help You Save on Energy and Cost
  2. Compatibility of Incandescent Dimmer with LED Light Bulb
  3. How Many Watts is the LED Bulb?

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