If your energy bill is taking a big toll on your bottom line, it might be time to look into replacing your lighting with LED light bulbs, says money expert Clark Howard
LED lights make a huge difference in the amount of electricity you consume. The Department of Energy estimates the energy savings at at least 75%!
Bottom line: Buy LED lights for your home
“Most people have no idea how much money they can save with a very simple change in your life,” money expert Clark Howard says on his podcast. “If you take a lamp in your home — any lamp in your home — and you take out the bulb and you put in a $2 LED bulb, that will save you $80.”
“Now you tell me where you can go and get a 40 to 1 payback?”
Energy experts agree. Dr. Lucas Davis, an energy economist at the University of California, Berkeley, told the New York Times:
“When you take out incandescent light bulbs and replace them with LEDs, the amount of electricity you consume goes down more than 80 percent. There’s nothing else like that.”
Another reason to make the switch? Convenience. LED bulbs last 25 times longer than incandescent lighting,” according to the Department of Energy. That means you’ll spend a lot less time changing bulbs around your house.
The key to LEDs efficiency is that they emit comparable light but around 20% less heat than standard incandescent light bulbs.
Clark says buying LED lights may be a bit more expensive in the short term, but in the long run they’re a no-brainer when it comes to cutting energy costs and saving money.