What if you could save up to 20% on your electric bill each month?If you want to save money on your electric bill, light bulbs are the first things to consider.
LED light bulbs use a fraction of the energy as incandescent, but at $9-$25 a pop, they require a big up-front investment.
That’s an expensive bulb, wouldn’t you agree? I understand any reluctance you might have for shelling out the big bucks for a bunch of expensive LED light bulbs.
But are worth the money? What should you consider when buying them?
I replaced some of the lights in my house with LED light bulbs. Most of them were in the kitchen where we spend a lot of time cooking and eating. After doing the math replacing all of the lights in my house wasn’t worth it.
I’ll share with you an online calculator you can use to determine quickly if LEDs are going to save you money. The calculator is the one tool you need to use to determine if LEDs are worth the cost.
Should you make the switch to LED light bulbs?
Before you consider the financial perspective you need to ask yourself:
How long are you going to live in your current place?
How long do you run the lights each day you are considering replacing?
If you’re staying in your house for at least a couple more years, then LEDs might make sense.
But what if you plan on moving in 12 months? The last thing you want to be doing as the furniture movers show up in 12 months is taking out your expensive LEDs and replacing them with cheap lights for the next homeowner. Right?
How much can you save by buying LED light bulbs?
If you run a single incandescent bulb 5 hours a day for two years, it will cost you around $32 (depending on your energy rates).
Most of that money is spent on electricity.
If you run a single LED bulb 5 hours a day for two years, it will cost you $12.
But – $9 of that is just for the bulb! that means that on average 1 LED will cost you $1.50 a year.
So what happens if you have a closet light or some room in the house you don’t light very much?
If you run a single incandescent bulb 30 minutes a day for two years, it will cost you around $3.50 (depending on your energy rates). Again most of that money is spent on electricity.
If I buy LED light bulbs how long will it take to break even?
Over the long run, you can save money by switching to LEDs.
but how long is the question? let look at the math
using the example above $3.50 -$0.50 over 2 year is a savings of $1.50 a year or around $0.12 cents a month. at that rate and a estimated cost of $9 it would take 6 years before you paid back the cost of the light
If you just want to save some money over the long term, consider where you use the most light in your house and consider when you will break-even.
For more money saving tips for your home take a look at Manabu farms on YouTube
also look in to a local business that may give away LEDs for free our power company gave all of ours for free!