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The Obama administration announced last year that it would award $10 million to the company that could create a light bulb that was both eco-friendly and affordable. The winning LED bulb, made by Philips, is about to hit the market. There's only one problem: It costs $50. The price of your standard incandescent bulb, on the other hand, hovers in the $1 region. The $10 million award, dubbed the L Prize, is part of the government's plan to phase out all energy-wasting incandescent bulbs over the next several years. But could Obama's $50 light bulb possibly be worth its price?
Consumers will likely see it as a luxury item, especially since "similar LED bulbs are less than half the cost."
Over the course of a decade, consumers will shave more than $100 off the cost of their electricity bill.
And for businesses, which have to hire workers to replace light bulbs, "the savings are dramatic."
Originally posted by tinker9917
And for businesses, which have to hire workers to replace light bulbs, "the savings are dramatic."
Does anybody really know someone who's job title is "LIGHTBULB REPLACER"?
news.yahoo.com...edit on 11-3-2012 by tinker9917 because: (no reason given)edit on 11-3-2012 by tinker9917 because: (no reason given)
Originally posted by cconn487
I feel kind of bad for Obama. He tried a few ventures into better energy management. Sadly he failed. And we are supposed to pick up the tab. Yeah forget that.
i wonder what you are doing in holland with a 600watt sodium bulb?
Originally posted by LightSpeedDriver
reply to post by tinker9917
Let's see...22.5 billion euros turnover in 2011. No, I'm sure the price is VERY reasonable.
Q. How many Philips employees does it take to change a lightbulb?
A. Five. One to hold the lightbulb and four to turn the table....
ETA A 600 watt HPS Philips bulb costs less than that LED.edit on 11/3/12 by LightSpeedDriver because: ETA