Industry News

LED lamps leads the future market

Data: Aug 14, 2013 Back to List

 With all the advantages of LEDs, will there continue to be a market for compact fluorescent light bulbs?

LEDs have many advantages over CFLs, but today’s higher cost of LEDs mean that for many consumers CFL is presently the best choice. CFLs are a phenomenally good investment for consumers right now based on electricity savings. The true cost of the 100W incandescent light bulb isn’t the $0.50 price of the bulb. The true cost also includes the electricity used over the 1000-hour life of the bulb, which averages about $12 for US consumers. So, each 100W incandescent bulb costs $12.50, not $0.50.

A typical CFL bulb lasts as long as eight incandescent bulbs. If the consumer buys eight incandescent bulbs instead of one CFL, the real cost of those eight incandescents is $100! CFL buyers understand that. They’re saving about $70 of that $100 for every 26W CFL that they buy. Putting one or two CFLs into your shopping cart might pay for everything else in the cart!

LED lamps that provide as much light as a 100W incandescent bulb are becoming available over the next year or so. They will use about 20-25 watts and will last 25x longer than the incandescent, but they might cost $50 or more. So, the payback time will be about five years versus the three to six months for the CFL.

Interestingly, gas-hybrid cars have about a five-year payback, too. Nonetheless, our intense focus among LED lamp manufacturers is to bring those prices down as quickly as possible. In five years, the cost of LED light bulbs should not be a concern for most consumers. They’ll get a nearly perfect light bulb at an affordable price, and each one will save them $100 or more.

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