The cost of light bulbs that use light-emitting diodes (LED), which are much more efficient than typical incandescent light bulbs, could fall by as much as 50 percent by 2017, said Phillips Lighting chief executive Zia Eftekhar.
LED light bulbs haven’t taken off yet because the price tag per LED bulb can be as high as $50. But the latest generation of light bulbs can generate as much light as a 100-watt incandescent bulb using as little as 14 watts of power. Those LED bulb versions will be out sometime next year. That means consumers can save a lot of money over the life of the LED light ? but they still have to pay a lot of money upfront, which can cut out casual buyers.
LED lighting is same technology that powers back-lighting for computer screens and televisions ? not like the incandescent light bulbs in traditional light sources like lamps and light fixtures. The technology is expensive, but it is much more energy-efficient than traditional light bulbs. Each LED light bulb can last up to 25 times longer than a typical incandescent bulb.
Source: http://feedproxy.google.com/~r/Venturebeat/~3/2RuH8tRc5uU/
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