Pardon the repost...
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Just to get some hard facts:
Cost of a 100W incandescent equivalent (assume they are measuring lumens, the measurement of light): $47.89, life span 50,000 hours.
I found a cost comparison here:
http://eartheasy.com/live_led_bulbs_comparison.html
Given they have an obvious viewpoint, I decided to do some verification of their assumptions and found their 20 cents per kWh to be waaay too much.
But to be more realisitic I looked up the actual cost of electricity in San Antonio:
http://www.cpsenergy.com/files/Rate_...tric030110.pdf
6 cents plus a bit for peak usage. Call it 6.2 cents to be fair.
The cost comparison assumption of the price of electricity is the most critical assumption.
Re-running their analysis, using San Antonio rates means that running the same 50,000 hours of illumination gets the following costs for a 100w equivalent:
LED:Bulbs: $48
Electricity: $40.30
Total cost: $88.30
Florescent:
Bulbs: $20
Electricity: $62
Total cost: $82
Incandescant:
Bulbs: $52.08
Electricity: $310
Total cost: $362.08
(edit)
Incandescant - LED = $273.78
Most houses have more than one light bulb. Our little house has about 14, by my mental count.
If you have just ten in your house, then that is a total difference of some $2,737.80 over that time period.
(end)
Given electricity rates rise over time, that differential will certainly be more, making that figure somewhat conservative.
Currently Florescents seem to be cheapest by a smidge.
Halve the cost of an LED, and that edge disappears, especially given the fragility and mercury contents of the florescents.
Darrin has every right to keep spending 10 times the electricity on lighting his house.
Did I mention that the LED bulb only gives out 5% of the heat that incandescants do?
Any one bulb or even five probably don't put out that much heat, but when you are paying to cool your house most of the year, that extra heat isn't all that welcome from an efficiency standpoint. My gut says the difference probably isn't all that much money-wise, just to be fair. Still it is a minor consideration.