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How Much Money You Can Actually Save Switching To LED Light Bulbs
By NOR'ADILA HEPBURN
LED light bulbs are popular, very efficient, and long-lasting; in fact, these bulbs can run for two to four times longer than fluorescent lights and up to 25 times longer than incandescent ones, though the longevity may be influenced, in part, by how well the bulbs were built. It’s no wonder that purchasing LED lights is one of the best ways for consumers to slash their energy bills.
With a combination of lower energy usage and less money spent to get it, switching to LED light bulbs can result in substantial savings — according to the U.S. Department of Energy, homeowners can shave off $225 in energy costs per year. Although LED bulbs cost more upfront, they last much longer, providing even additional savings.
In 2022, the Biden administration implemented energy regulations that will phase out the use of non-LED lights, in addition to placing bans on manufacturing and selling them starting in 2023. Officials expect the move will collectively save consumers $3 billion dollars on their utility bills every year and reduce global carbon emissions by 222 million metric tons annually.
Homeowners can also save money by turning off lights whenever they are not in use, or alternatively, they can always opt for smart LED lights, which can slash their bill even more. With smart light bulbs, users are able to schedule when their lights will be switched on and off and also track energy usage to see when their home is consuming the most energy.