Rapid declines in the price of light emitting diodes (LED) technology suggest that the next generation of energy efficient lighting – LED bulbs – is on the verge of
widespread adoption. LED bulbs will eventually make traditional, energy-hogging incandescent bulbs a thing of the past. In North Carolina, for example, one of the world’s largest LED bulb manufacturers, Cree, recently announced a new bulb that is up to 82 percent more efficient than an incandescent bulb. The bulb sells for about $8 at Home Depot, a price that means the bulb will pay for itself in energy savings in about a year.
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