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By 2020, LEDs May Rival Regular Lightbulbs in Cost Without Rebates

Happy Friday Everyone!

It is exciting to see LED technology finally having its time to disrupt traditional inefficient incandescent lighting. As volume production increases, and prices come down, affordability rises. We have seen this parallel in many new industries and technologies, LED Lighting is not like the iPod replacing the Walkman but more like solar panels on the roof replacing diesel generators.

As the efficacy (lumens/watt) of LED increases and costs come down it makes more and more sense to make the switch. Rebates from utilities and other programs help get early adopters into new technologies like solar and LED lighting, but the real growth happens when the price performance is almost at parity or better than current incumbent technologies making it a no brainer for consumers to switch.

Organizations like Nichia, CREE, and Philips are at the leading edge trying to squeeze more light out every diode for less dollars, which in turn will allow all of us to use less energy and produce less greenhouse gasses. Its an exciting time, the next time you are in a parking lot or building look up and look for what kind of light you see. You will be surprised how much more LED lighting you will se as time progresses.

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