Changing Lights at Home
New retirees are often concerned about costs and how much to retire? Cutting retirement costs is an important element to research. In December 2007, as part of a comprehensive energy bill, Congress placed a ban on incandescent light bulbs by 2014. For the reason of cost and energy efficiency, it makes sense to start replacing your old incandescent light bulbs with more efficient ones.
When people think of switching from the old energy inefficient light bulbs, most have opted for fluorescent bulbs. There is an even more efficient possibility for lighting that is getting attention and that is the LED, Light-Emitting Diode light bulb. While initially much more expensive than both the incandescent and fluorescent bulbs, you may want to consider them as an option. Often LED lights are directional, so they aren’t appropriate for every lighting situation.
The incandescent bulb is by far the cheapest to purchase at the store. In every other way the fluorescent and LED light bulbs are more cost efficient. The incandescent light is an energy drain. For 60 hours of use, the average incandescent light will incur an electricity cost of $821.72 compared to the fluorescent bulb at $191.73 and the LED of $82.17.
The average house has approximately 30 light bulbs that are used an average of five hours a day. That equates to 270 KWh hours for the incandescent, 63 for the fluorescent and 27 for the LED. If electricity is calculated at .23 per KWh, the cost per month is $61.63 for incandescent, $14.38 for fluorescent, and $6.16 for the LED. That translates to a cost for a year to $749.82 for incandescent, $174.96 for fluorescent and $74.98 for LED.
Fluorescent and LED lights can be a considerable purchase investment. You might want to evaluate your lighting needs, especially identifying high usage incandescent lights. While a single LED light bulb might cost over $55.00 compared to $3.00 for a fluorescent light, you might want to budget one LED light a month or every other month for high energy use locations.
Cutting energy bills is an important way to help retirement costs for new retirees. As you notice the savings in your energy bill, take that extra money to buy more lights. If you’ve made a considerable investment in lights, take them with you when you move to your next home. Changing your light bulbs in your home can help you save money, energy and the planet.