Why Aren’t We 100% LED?

JEI Working Paper 6: Why Aren’t We 100% LED?

Mimi Reichenbach
Yale University
September 2015

LEDs-A 19-Day Payback Period and Part of the Energy Solution

Historically, light-emitting diodes (LEDs) and compact fluorescent bulbs (CFLs) have been pitted against the traditional incandescent bulb with the argument that both offer environmental and fiscal benefits through energy savings. It has been difficult for consumers to choose between the two, however, with LEDs and CFLs offering different and constantly changing upfront purchase costs, payback periods, efficiencies, and life spans. After five years of discussing which light bulb can serve best, and perhaps confusing consumers in the process, the debates are no longer necessary. LEDs are now equivalent to CFLs in upfront purchase costs and offer the benefits of a mercury-free light bulb with a longer life span and improved efficiency. From a power plant perspective, LEDs reduce carbon dioxide emissions, water usage, and customer energy bills by 39% when compared to CFLs. Energy bills are constantly rising, so any money-saving methods are welcomed by customers. Whilst some people might like LED lights, others won’t. This leads to them needing to find other ways to reduce their energy bills. Some might suggest that people compare energy prices to try and find a more affordable supplier, which was recommended on this article here. Perhaps some people should look at that, and see if they can use any of those methods to reduce the cost of their energy bills. As well as comparing suppliers and using lower-energy light bulbs, it’s also a good idea to evaluate the whole house to see if there are any other ways overspending could be reduced. For example, according to Energy Pro Heating & Cooling companies in most areas, many homes could reduce their bills by making sure they have their air-con and heating systems serviced to maximize their efficiency. Other energy-saving tips might include checking your windows are heat efficient and planning your energy use around low demand times.

Thankfully, LEDs are no longer an exorbitantly expensive alternative for compact fluorescents or incandescents. As they have traditionally been the best lighting provider for the environment, LEDs are now also fiscally the best investment. For $2.49 a bulb, energy, carbon dioxide emissions, and water usage can be cut 39% to 90% depending on whether a consumer is switching from CFL or incandescent bulbs. LED installation gains are immediate.

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