For the average shopper who is looking for new light bulbs for their home or a building owner who needs to replace their building's old or burnt-out lights, LED sticker prices may make these fixtures seem far too expensive. However, those who are familiar with LED lighting know that LEDs can save you money; in fact, the cost of not switching to LED lighting adds up quickly.
Replacing Bulbs Constantly
The average household uses about 20 lightbulbs and the average office space needs roughly 500 lumens per cubicle space. If you’re using non-LED bulbs, these lights likely only last a year before needing to be replaced. LED bulbs, by contrast, can last up to 11 years before going dark.
For households with 20 or more bulbs, replacing these many bulbs year after year adds up. While buying a $5 LED lightbulb may sound unsettling compared to the $2 incandescent bulb, the cost of buying 20 bulbs at $2 apiece every year adds up to roughly $400 over a 10-year period. Whereas buying 20 LED bulbs at $5 each can last for 10 years, rounding out your lighting investment at just $100.
Excessive Energy Consumption
LED lights are known for their energy-saving properties. Incandescent and halogen lights waste energy by giving off 90% of their energy through heat. According to the Department of Energy, LED lights use between 75% to 80% less energy, which can save consumers as much as $75 a month or $900 a year.
The cost of not switching to LED lighting can put a serious dent in your wallet. For households looking to save money on lightbulbs or office managers looking to replace their lighting options with money-saving options like high bay LED light fixtures, the switch to LEDs is worth it. While the cost may seem too high at first glance, the savings are truly worth it in the long run.