Consumers commonly hear one main argument against LED bulbs: they are too expensive. However, factor in that LED bulbs last up to 6 times longer, use as little as 1/30th the wattage of incandescent bulbs or CFL’s, and can offer a large dent in your electricity bill, and buying LED bulbs becomes more cost effective than purchasing new incandescent bulbs. Although the cost of current LED products are higher than that of incandescent or CFL bulbs, the savings are recovered in the long run because your LED bulb will last longer, use less energy and ultimately result in less trips to the store for more bulbs.
As LED bulb usage picks up steam, new LED products are hitting the shelves at lower prices. Certain new LED products will be priced for less than $15 and represent a new move to not only be superior to incandescent and CFL technology in terms of quality, but also in terms of cost effectiveness at the check-out counter. As incandescent bulbs are phased out and LEDs take the forefront in the lighting battle, prices will continue to lower on LED products. By 2015, LED lighting should hold around 30% of the commercial lighting market alone. The upcoming change to packaging by the Federal Trade Commission will also make buying LED bulbs as simple as incandescent and CFL products. No more need to calculate across lighting products; you will be able to directly see the energy efficient savings that purchasing LED products provides.
The trend in lighting is moving towards more widespread use of LEDs for residential as well as commercial use. As LED bulb prices continue to go down, this trend is going to grow. New Tek Partners is an LED provider who can help you save during the phasing out of incandescent bulbs. They carry cost effective LED lighting solutions for residential homes and commercial use, such as screw-in bulbs, flood/wall packs, street lighting and tube lighting. New Tek Partner’s LED GREEN technology provides a state of the art and cost effective product to this trending market.
This blog post written for New Tek Partners, an LED lighting company headquartered in Emmaus, Pa