LED bulbs are energy efficient since they will be using about 80% of the power they consume to create light. They take in considerably less power than incandescent lamps do, which also help preserve on electricity bills. Energy used is very low, so individuals are left to enjoy big bucks they once, have to expend on incandescent-driven utilities.
But they're pricey. Practical technology, after all, always comes along with an expensive selling price.
Lighting specialists and producers scramble for methods to reconcile the energy-saving rewards and the high value. Philips, Osram, Toshiba, Bridgelux, that is owned by VantagePoint, as well as Lemnis Lighting are among the businesses that want to reduce the cost of LED light bulbs to $20 from $25, within the next couple of years. But initially, they need to discover a method to help consumers pay less for LED light bulbs.
A lot of industry professionals in the industry are advising a radical but very achievable (and useful) solution: and not building new gas or solar plants, power companies and third-party companies can subsidize LED creation and offer free LED units to buyers.
Alan Salzman, co-founder of VantagePoint, contends that an electric utility that gives away LED lamps will have cost efficiency.
A 60-Watt equivalent LED bulb consumes around 10 Watts. With an incandescent, a homeowner would pay for as much as 50 Watts per socket. If LED bulbs cost $20, the utility company can buy 10 million LED light bulbs for $200 million. They can buy more units if you factor in wholesale discounts. That much LED bulbs in use will save the utility 500 megawatts of power. Double their investment, at $400 million, and the utility company can take 1 gigawatt of power offline. This number is about the same amount of power produced from a nuclear or coal plant, which would cost billions of dollars to build.
Consumers who wish to pay less for LED light bulbs can retrofit all sockets inside their home with the LED bulbs which will be given away. Based on a report from Philips, you will find up to 52 light sockets in a standard US household. With 100 million houses in the US, that totals to 5.2 billion lighting sockets. The more units the utility companies give away, the increased savings they can appreciate.
However, this proposal does not take into consideration the impulse and behavior of potential consumers. There's no notifying that people will market those freebie LED lights on eBay.
Furthermore, while LED light bulbs will restrict power consumption inside the residence, the LEDs may only economize power for the utilities they obviously are fitted in places where smart meters are available. Regrettably, some homeowners have since complained concerning smart grid, declaring that the new meters often overcharge them. Handling how consumers makes use of the free LED lights will be very big of a PR trouble.
Third-party companies may offer the solution. These firms would retrofit each residence, charge as a fee a component of the percentage of power preserved over the years to come.
But they're pricey. Practical technology, after all, always comes along with an expensive selling price.
Lighting specialists and producers scramble for methods to reconcile the energy-saving rewards and the high value. Philips, Osram, Toshiba, Bridgelux, that is owned by VantagePoint, as well as Lemnis Lighting are among the businesses that want to reduce the cost of LED light bulbs to $20 from $25, within the next couple of years. But initially, they need to discover a method to help consumers pay less for LED light bulbs.
A lot of industry professionals in the industry are advising a radical but very achievable (and useful) solution: and not building new gas or solar plants, power companies and third-party companies can subsidize LED creation and offer free LED units to buyers.
Alan Salzman, co-founder of VantagePoint, contends that an electric utility that gives away LED lamps will have cost efficiency.
A 60-Watt equivalent LED bulb consumes around 10 Watts. With an incandescent, a homeowner would pay for as much as 50 Watts per socket. If LED bulbs cost $20, the utility company can buy 10 million LED light bulbs for $200 million. They can buy more units if you factor in wholesale discounts. That much LED bulbs in use will save the utility 500 megawatts of power. Double their investment, at $400 million, and the utility company can take 1 gigawatt of power offline. This number is about the same amount of power produced from a nuclear or coal plant, which would cost billions of dollars to build.
Consumers who wish to pay less for LED light bulbs can retrofit all sockets inside their home with the LED bulbs which will be given away. Based on a report from Philips, you will find up to 52 light sockets in a standard US household. With 100 million houses in the US, that totals to 5.2 billion lighting sockets. The more units the utility companies give away, the increased savings they can appreciate.
However, this proposal does not take into consideration the impulse and behavior of potential consumers. There's no notifying that people will market those freebie LED lights on eBay.
Furthermore, while LED light bulbs will restrict power consumption inside the residence, the LEDs may only economize power for the utilities they obviously are fitted in places where smart meters are available. Regrettably, some homeowners have since complained concerning smart grid, declaring that the new meters often overcharge them. Handling how consumers makes use of the free LED lights will be very big of a PR trouble.
Third-party companies may offer the solution. These firms would retrofit each residence, charge as a fee a component of the percentage of power preserved over the years to come.
About the Author:
John Reid is, an electrician and advocate in living Green,
been helping to promote aGreenSupply.com high quality LED light bulbs products
to consumers in saving energy and money just by changing incandescent bulbs to
LED light bulbs. Get the full story and reap the rewards TODAY at http://www.aGreenSupply.com
been helping to promote aGreenSupply.com high quality LED light bulbs products
to consumers in saving energy and money just by changing incandescent bulbs to
LED light bulbs. Get the full story and reap the rewards TODAY at http://www.aGreenSupply.com
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