The use of LED lights has been on the rise for the past decade, and for a good reason as well. LED lights emit less heat, therefore are more efficient with the energy it consumes. Because of its technology’s specialty, this type of light also shines brighter on a larger area, making it great for installment and application.
But how do the lights do better for your wallet? If you find yourself asking, “How much will LED lights save me per month and year?”, you are in the right article! Let’s discuss whether or not using LED lights in your home actually saves you money.
How Much Do LED Lights Save Per Year?
Let’s examine the typical LED light bulb since it is the most basic application of the technology. Putting a LED bulb aside, a fluorescent bulb, and an incandescent one will let you in on the amount of money you save. If all three bulbs burn for 30,000 hours, an incandescent fixture will set you back $180, a fluorescent bulb $39, and an LED bulb a mere $25.
This fluctuation in maintenance cost is due to LED lights’ efficiency in energy consumptions. The bulbs simply do not waste electricity in heating itself, so nearly all that amount goes solely into lighting – which isn’t something you can say about other types of fixtures. On average, most LED bulbs take up 2-17 watts of electricity to run, a.k.a more than 60% less than CFL bulbs.
Less energy consumption does not mean less brightness. This is especially true for LED lights, as a 10-watt LED bulb can produce 800 lumens – a stat only achieved through 60 watts of incandescent light.
How Much Do Led Lights Save Per Month?
If 30,000 hours is a little too grand for you, let’s boil the stat down to monthly electric bills. Through our research and calculations, a home that uses LED fixtures around the house saves $8.33-$14 on a monthly energy fee when compared to a home that uses fluorescent lights. The amount saved fluctuates due to maintenance and installation.
The LED lights have come a long way since their creation. Once known for exploding and short shelf life, the lights have become more resilient as their design keeps being updated, and now it is one of the most energy-efficient fixtures in common use.
How Much Will LED Lights Save Me?
Buying LED lights for your home is going to set you back quite a bit since LED bulbs and fixtures can be rather pricey at times. But due to their ability to save you energy and in turn money, the cost of the bulb more than makes up for it.
Supposedly you are a run-of-the-mill homeowner who wants to switch completely to LED lights, here is the specific costs comparison for that process:
The upfront cost of the light bulbs
The most typical lightbulb seen in your home would be the 40w GLS pearl bulb – starting at $1.76 off the hardware store. We will compare it with the 5W LED GLS bulb at $7.37. From the get-go, the LED light costs much more, but there is so much more to calculating upfront costs.
The LED bulb will remain in your house for 20,000 hours before it exhausts its functions, which cannot be said for the filament bulb with only 1,000 hours of lifespan. Based on this fact, while your neighbor goes through 20 incandescent bulbs, you will be using one LED bulb the entire time.
After all, the 20,000-hour costs of an LED bulb stay at $7.37, while the filament bulbs cost $35.21 instead!
We have discussed in length the costs of energy necessary to sustain LED light bulbs above already, but it is simply unbelievable.
5 watts consumed by LED bulbs give off the exact shine 40 watts of filament bulbs can, due to the skip in electricity-to-heat energy transfer. With $0.29 per kWh, the LED light bulb will cost 25.93 throughout its 20,000 hours lifetime. Filament lights will subtract $207.47 from your wallet within the same duration in terms of electric bills.
In total, switching an incandescent bulb to an LED bulb will save you $242.68. However, in case you’ve forgotten, this is the comparison between only one bulb. If you have, say, eight incandescent bulbs in your house, replacing them with LED bulbs will save you a whopping $1674.76!
How Much Do LED Lights Cost Compare To Other Light Types?
Normal Household Lights: LED vs. CFL vs. Incandescent
When both energy costs and upfront costs are counted for in the equation, LED lights continue to consistently be the cheapest option of the three.
Incandescent vs. LED: Incandescent Bulbs Are a Terrible Choice
If you are still using incandescent light bulbs in 2021, you are making a big mistake. They take up 6 times the energy of your average LED bulbs, and are prone to breaking and bursting. Think of all the time you have to sweep every corner of your house once the bulb screws itself over, and think about switching to LED already!
Using incandescent lights or being in its presence for too long also proves to hurt your eyes, since the light flickers and dims itself every once in a while.
It is time to move on from this century-old invention and make use of a better and more efficient light bulb!
CFL vs. LED: Battle of the Energy-Saving Light Bulbs
The compact fluorescent light bulb is definitely better than any incandescent bulb for sure since at the time of its debut, it is long-lasting and much more affordable. But can it compare to LED bulbs?
The answer is “No”, as LED bulbs only cost half the amount CFL bulbs do. While they don’t break as often and as easily as incandescent lights, CFL lights can still break and potentially leak mercury out into their surrounding environment. The light quality is also not very consistent, with flickers being an essential part of a CFL bulb.
In contrast, LED bulbs are more long-lasting, since they don’t have any parts moving about and waiting to be broken. The more modern the LED model is, the brighter and consistent the light quality is. It’s simple to see that LED lights are far superior!
What Are The Factors To Consider Before Switching To LED Lights?
In order to make full use of the LED’s cost-saving effect on your bank account, here are a few more things you should consider right before making your decision to switch over:
Cold, white lights take more energy while not providing a sense of coziness. In an environment such as your home, a warm, white bulb with a color temperature of 2,700 Kelvin should be good enough.
This is entirely dependent on the occasion and the spot you wish to put the LED bulbs. There are so many types on the market, such as the typical long bulb, spotlights, chandeliers, and Christmas string lights!
If you want to be more flexible with the light your bulb emits, you can also choose bulbs with dimming settings!
Watch out for the Energy Star label on the bulbs before you purchase, and you can rest soundly knowing that you’re using high-quality products. The Energy Star label is proof of the bulb’s brightness, color quality, response to energy, hardiness, and efficiency.
Answering the question of “How much will LED lights save me?” will help you make the decision to switch to them instead of the usual incandescent and CFL bulbs more easily. Don’t forget that, you will be saving more than a thousand dollars when you make the change for the better despite the initial cost being rather substantial.
Using LED lights is also toxic-free and long-lasting, so buying and installing them in your house is truly an investment. What are you waiting for?