Everybody seems to be trying to save more and more money these days. Whether it’s trying to stay in for dinner more often, collecting coupons for the grocery store, finding discounts on everyday needs, or generally trying to consume less, saving money is on most households agendas. One thing that we seem to hear about more often now is saving money on utilities every month. We’ve all heard that changing your appliances to more efficient and updated units can greatly decrease your utilities bills. For many however, finding the money to pay for updated appliances can be out of the question because of their initial cost. There is another, less expensive way to cut your utility bill. That of course is lighting your home. Many people are skeptical though, as it can be hard to really know how much you save when changing your light bulbs to more efficient, updated ones. Here are some of the facts behind changing your lighting to help you get a grasp on how much you actually will save.
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What type of bulb is the most energy efficient?
We have all grown up and are familiar with the incandescent light bulb. The energy sucking bulb is now obsolete and even the government is taking steps to eliminate the bulb from American households. We are more commonly hearing about CFL bulbs and LED lights. Which ones better? Energy star rated light bulbs are compared based on how much light a bulb emits based on how much energy it uses. LED lights are the most energy efficient light bulb emitting 90 to 120 lumens per 1 watt of electricity. Compare that to the CFL’s 40-70 lumens per one watt and it is obvious that the LED is the more efficient bulb.
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Is the Price worth it?
Although LED’s are more efficient, they are also more expensive than CFL’s and many claim that the light LED’s emit is not as comfortable as CFL’s. If this is the case, than CFL’s will work just fine and will still save you an average of $5000-$8,000 in a ten year span. CFL’s have a lifespan of roughly ten years so you should plan on replacing them after that span of time. LED’s are going to be about double the price of a CFL bulb. They are a better investment with time however, given that LED’s have a lifespan of 40 to 50 years. And given the efficiency of an LED, in ten years you should expect to save $10,000-$15,000 in ten years, and after that ten years you won’t have to worry about changing your LED light bulbs.