Changing to more efficient lighting options can positively impact your wallet.
One result of an energy audit or review may be a recommendation to change your home’s lighting in order to make it more energy efficient. Up to 25% of a home’s electricity cost is due to lighting, so there are significant savings to be had by switching to more energy efficient lighting choices.
Types of Energy Efficient Lighting
There are lots of great lighting solutions to keep your home bright without draining your wallet. Although the cost for energy efficient lighting is higher up front, it will often pay off in less energy use and longer life span of the bulb.
Compact fluorescent light (CFL) bulbs use only about one-third of the electricity to produce the same amount of light as a traditional incandescent bulb, and they last up to 10 times as long as incandescents. At a typical energy cost, replacing one 75 watt incandescent bulb with a CFL bulb could save homeowners $45 in decreased electricity usage and replacement costs.
Most CFL bulbs have a spiral shape, but some newer varieties have a more traditional globe shape. It is important to note that CFL bulbs contain mercury, so they need to be disposed of safely, and precautions should be taken if a bulb breaks.
LED bulbs are currently the most energy efficient option available.
Light-emitting diode, or LED bulbs convert electricity into light. LED bulbs are 6-7 times more efficient than incandescent bulbs and cut electricity use by up to 80%. LED bulbs also last up to 25 times longer than traditional light bulbs – as much as 25,000 hours, which is over three years if lit 24 hours a day, 7 days a week.
LED bulbs also burn cooler than any other kind, making them perfect for hot climates and seasons. Another unique characteristic of LED bulbs is that they can focus their light in only one direction, instead of diffusing it everywhere. For general purpose lighting, which is typically diffuse, special bulbs can give the desired effect. LED bulbs do not contain mercury, either.
Right now, LEDs can cost more than CFLs and a lot more than incandescent bulbs, but prices continue to come down as technology and manufacturing advance. LED lighting can also save the most in energy and replacement costs.
Savings and Incentives for Efficient Lighting
The MassSave program provides Massachusetts residents with discounts and incentives for switching to energy efficient lighting. Some business tax credits and incentives are also available for small businesses that make an effort to use energy efficient lighting and for contractors who build new construction and install energy efficient lighting. These incentives can offset the high initial cost of switching to more efficient lighting, but only add to the overall savings of switching, which is significant.
Moonworks provides free energy reviews to homeowners and businesses to help them understand how they can save money and reduce their energy usage. Call 1-800-975-6666 to schedule your free review and learn how improvements and renovations can save you money on energy costs.