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One of the main draws of LED lights is that they cover a number of bases that traditional, incandescent lights simply cannot reach. A key element is that everything LED lights provide will ultimately save its users money, whether it’s through their incredibly long lifespan, energy efficiency, or environmental friendliness.
LEDs are light-emitting diodes, semiconductors that produce the same (or even a superior) amount of light as regular lighting fixtures, at just a fraction of the energy, because they also produce less heat than their predecessors.
When comparing an LED light to an incandescent light for a swimming pool, for example, the LED used40 watts, and the other bulb used300 watts. The savings were calculated to be $114 a year. For a slightly more average use of LED lights as opposed to incandescent lights, a side by side comparison estimated that homeowners can save up to17 percent on their monthly electricity bill by switching to LED lights.
Seventeen percent every month comes out to savings of204 percent on a yearly basis.
Another way LEDs are geared to save money is that they’re built to last. Their extensive running time means that replacement does not become an issue for years, offering light for up to 10,000 hours (as opposed to traditional fluorescent or other mediums of light, which can go for1,000 hours before needing to be replaced). The Washington Post estimated that an LED light lasts for10 years before needing to be replaced, drastically cutting down on the price of purchasing, installing and/or replacing lighting fixtures.
LED lights are also good to withstand vibration, heat, cold and humidity better than their older counterparts, suggesting that even for outdoor, potentially rough use, LEDs are a sound investment.
Early generations of LEDs were exorbitantly expensive, requiring years of running time (and the inherent energy savings therein) to offset their high price. However, with prices expected to drop in the near future as more LEDs flood the market, it is anticipated that users of LEDs will see savings much faster, as the LED bulbs themselves become more affordable. An energy-hogging60 watt bulb sells for just $1, so it is not out of the question to assume the cost of LED bulbs will continue to be driven down as the product becomes increasingly popular and available to the general market at large.
When this happens, waiting for years for the investment of an LED to pay off will be a thing of the past: customers will begin saving money from the second they flip a switch.
