Light Bulbs Industry Reflects On Assisting Consumers Pay Less For LED Light Bulbs

LED bulbs are power efficient since they are using about 80% of the power they consume to generate light. They eat much less power than incandescent light sources do, which also help preserve on electricity bills. Power usage is very low, so consumers are left to enjoy big bucks they previously, have to pay for incandescent-driven utilities.

But they’re costly. Sensible technology, after all, always features an expensive selling price.

Lighting specialists and distributors scramble for techniques to reconcile the energy-saving merits and the high price. Philips, Osram, Toshiba, Bridgelux, which is actually owned by VantagePoint, as well as Lemnis Lighting are among the corporations that want to bring down the value of LED light bulbs to $20 from $25, for the next couple of years. But firstly, they need to look for a solution to help consumers pay less for LED light bulbs.

A lot of specialists in the industry are recommending a radical but very probable (and better) solution: rather than building new gas or solar plants, power companies and third-party companies can subsidize LED assembly and provide free LED units to customers.

Alan Salzman, co-founder of VantagePoint, contends that a power company that gives away LED bulbs will take advantage of cost efficiency.

A 60-Watt alternative LED bulb uses up around 10 Watts. With an incandescent, a property owner would purchase as much as 50 Watts per socket. If LED bulbs cost $20, the utility company can acquire 10 million LED bulbs for $200 million. They can buy a lot more units if you take into account the wholesale discounts. That much LED light sources in use can save the electricity company 500 megawatts of power. Twofold their investment, at $400 million, and the utility company can take 1 gigawatt of electricity offline. This range is about the same measure of power constructed from a nuclear or coal plant, which experts claim would cost billions of dollars to build.

Consumers who want to pay less for LED light bulbs will be able to retrofit all sockets in their own homes with the LED bulbs that could be given away. According to a report from Philips, you can find up to 52 light sockets in an ordinary US household. With 100 million households in the United States, that totals to 5.2 billion lamp sockets. The more units the power companies give away, the more savings they can take advantage of.

However, this scheme does not take into account the reaction and behavior of individuals. There’s no notifying that people will retail those freebie LED light bulbs on eBay.

Also, while LED light bulbs will restrict power consumption inside the household, the LEDs may only cut back power for the utilities when fitted in places where smart meters are installed. Regrettably, some homeowners have since complained about smart grid, declaring that the new meters in some cases overcharge them. Managing how consumers will use the free LED lamps will be too big of a PR trouble.

Third-party companies may render the solution. The companies would retrofit each residence, charge as a fee a component of the percentage of power preserved over the years to come.

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