Our guest, Eitan Pinsky gives a cost and performance analysis of Light Emitting Diode (LED), Compact Flourescent (CFL) and Incandescent light bulbs.
Last month, Audrey and I changed all of our lighting from incandescent and compact fluorescent lamps (CFL) to the newer light emitting diode (LED) technology.
It seems like only yesterday when we were being convinced to change all of our lights to CFLs… But now, LED lighting has become the most efficient and, in most cases, the most effective form of lighting available. Don’t take my word for it… IKEA plans to sell only LED bulbs by 2016.
Bulb Cost: $11-$15
Yearly Cost: $1.30
Life Span: 25,000+ hours
Advantage: Cool to touch, strong build, decreasing in cost
Bulb Cost: $2-$4
Yearly Cost: $1.60
Life Span: 10,000 Hours
Drawback: Time to warm up, fragile, hazardous substance (mercury).
Bulb Cost: $.5-$1
Yearly Cost: $6.85
Life Span: 1,000 Hours
Drawback: Runs hot, fragile, extremely inefficient (90% heat waste)
LED is the Winner!
If you’re just looking for the cheapest lighting possible, your magic number for LED bulbs is in the $15 per bulb ballpark (Home Depot, London Drugs). With these prices reached, LEDs are now the cheapest solution for light bulbs in the home. This is the case over the course of the bulb’s life span, or 25,000 hours. For quick fixes, nothing can beat the price of one incandescent bulb or new CFLs.
How Does LED Lighting Work?
Eitan Pinsky is a Vancouver based Mortgage Broker and Advisor
with Origin Mortgages – Dominion Lending Centres.
For all your mortgage needs contact Eitan for a free consultation.