In Australia, lighting accounts for 10% of the average household electricity budget. The popular uptake of light-emitting diodes (LEDs) is largely responsible for the reduction of lighting costs in recent years. Incandescent light bulbs and a range of halogen light bulbs are being phased out from the Australian market, where an equivalent LED light bulb is available.
LEDs are better value for money than incandescent and halogen light bulbs and can be used in the majority of existing fittings. LEDs use about 75% less energy than halogen light bulbs and last 5-10 times longer, greatly reducing replacement costs and the number of light bulbs ending up in landfill. The up-front cost of LEDs generally has a payback time of less than 1 year.
By replacing 10 halogen light bulbs with LEDs, an average household can expect to save around $650 over 10 years on their electricity bill.
In simple terms, LED lights emit very little heat which means less energy is lost. In fact, LED lights can use up to 80% less energy than traditional lights.Without metal filaments found in incandescent bulbs, LED lightbulbs don’t burn out and can last for up to 25 times longer than halogen bulbs. By switching to LED from halogen lights, the reduction on your electricity bill may be significant. Some businesses have found up to a savings of up to 80 per cent on lighting costs by shifting to LED technology.