We all know turning off the lights is one of the easiest ways to save money on energy bills. Most people likely grew up with their parents and grandparents frequently telling them to turn off the lights. Turning off the lights is an important savings step. Replacing incandescent light bulbs with high efficiency LED bulbs is a great way to take that savings even further. Lighting attributes about 12% of the monthly utility bill at home. Switching to LED lights can take that 12% down to 2-4% of your overall utility bill.
LED's are more expensive than their CFL or incandescent bulbs. The average bulb cost between $2-$12. Some silver lining is the prices on LED's have dropped 94% since 2008, and while the upfront costs may be a bit higher than LED's the life span more than makes up for the higher initial cost. The average LED bulb last 25,000 hours, between 20-25 years, compared to 1,000 hours, 1-1.5 years, for the average incandescent bulb.
Switching your home over to LED's saves an average of $180 per year. The average home has 45 light fixtures. An incandescent bulb costs around $5 to operate each year compared to $1 for an LED. That pencils out to $225 for incandescent lighting each year vs. $45 each year for LEDs
Shop smart! LED bulbs come in a wide range of prices so it can be easy to over pay for bulbs. Know what wattage equivalency you need to be replacing most lamps and overhead lights run a 60 watt bulb, so look for a 60 watt equivalent bulb. Most stores offer packs of 4, 6, or 8 bulbs that are typically a lower cost per bulb.
Want to learn even more about saving money on your utility bill? Join us at one of our free basic energy workshops!