Is there any other investment that can guarantee this kind of return?
Everyone KNOWS that LED bulbs save money. With the appearance of LED bulbs in more and more places ( Philips LED bulbs just popped up in Home Depot), the general public is starting to become more aware of the products that are available, but the consensus is they’re STILL too expensive.
The truth is what few are saying is that it really doesn’t make sense financially to switch out to LEDs if you’re using them less than 8 hours a day.
Compared to a “traditional investment”, if you are only using an LED bulb 6 hours per day, you’re making a measly 5% return on your investment – i.e. if you spend $10 for the LED bulb, you’ll “make” $0.50 per year(in savings).
The numbers get really interesting when you starting getting to 12 hours usage per day and more. In this example, we plugged the numbers in for California ($0.15 /kWh) into our trusty LED energy evaluation calculator at 16 hours usage a day and the average return on investment is an astounding 76%! – i.e. if you spend $10 for the LED bulb, you’ll “make” $7 per year (in savings).
Now imagine in commercial applications where you have HUNDREDS of bulbs…this savings are just immense. Is there ANY investment vehicle out there that can guarantee a return like this?
I think commercially speaking people need to look in the long term. The cost replacing halogens, the cost of having someone authorised and insured to do that job. If you install an led fitting that doesnt need to be touched for years and years after installing that will save a fortune, not just that but the savings due to efficiency will surely catch up within and few years.
If you just think of having the money before investing it then the whole thing becomes a runner just after the first bulb replaced as capital costs become zero.
If you do so you can have a clean conscience of having done something for the environment and not having done so much for you beloved investment bank
Lets not forget the maintenance costs associated with standard lights.
I agree with LED lighting, like all durable appliances you will save money in the long term. Now that there is increased competition for LED lighting, prices are becoming more affordable and payback can be in as little as 1 year. Brightgreen is offering affordable downlights that are easy to install, dimmable and offer 50,000 hours of life. That is 15 times longer than halogen bulbs. I did some industry research before selecting my LED lights and I believe they are the best on the market
http://www.brightgreen.com.au
Really! That much. I knew they were always cheaper but not by that much.
I never knew how cheap led lighting could be
Massive return. If ever there was proof of why to use led lighting, then that’s it.
76% is a massive return. Great energy saving.
One of the iportant factors is quality as well. Not all lightbulbs last 50,000Hrs.
Those prices are obviously artifically inflated! No one and no one should pay $10 for a light bulb regardless of the energy its saving. Corporations are taking advantage of peoples sincere desire to save energy and the planet — I strongly suggest that you wait a little while longer, for the price to go down, before buying something like this.
Depends how much it costs to change a light bulb. If expensive machinery and transportation are an issue this factor becomes the most important.
After all we can not forget the cost when it comes to the florescent lights
I just love your writing! Very well written and nice thoughts of you. Hope to read more from you.
I agree with Myledsource saying, it is investing but not waiting for price going down, If you love somebody, you will tell him or her, right? If you love led bulb, and you think led bulb is a good product, is a potential stock, and will bring a lot of customers to you, why don’t take the chance to make more money? So guys, if you love it, then go to follow it.
thanks.good info.