LED Demand Fuels Global Price Drop

 

This past May, the price of LED light bulbs declined globally by 1 percent. LEDInside, a research division of TrendForce, found that the most obvious price reduction was in Taiwan, but the U.S. also experienced a decrease as well.

 

The cost of LED light bulbs is higher than older incandescent bulbs, but is much more efficient, and offers a longer life. The increasing popularity of energy-saving lighting, and the demand for LED technology, signals a huge growth in the market and a lower cost of LED.

 

“As well as the dropping prices, the low energy-consumption of the [LED] bulbs will help those purchasing now to see lower energy bills almost immediately.”

 

Source: Compound Semiconductor

This entry was posted in Blog, Lighting and tagged , on by .

About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.