Rob: I disagree with your statement saying that LEDs get hot - I can hold an LED bulb all day and it's not hot whatsoever. The LED converts electricity nearly to 100% light. The power driver in the bulbs may generate a little heat - however, that too is negligible. and the amount depends upon brand. I agree that LEP and your solutions are excellent solutions for many applications.
NoGreen: In reference to the chart (and understanding that different bulbs by different manufacturers have varying specifications), a CFL outputting 1100 lumens for 18W versus LED outputting 1000 for 10W would tell me that LED is slightly more efficient.
Many CFLs also tend to "dim" very quickly - much quicker than LEDs, and also require time to "warm up" to color temperature and brightness. With CFLs rated at a life span of 10,000 approximate hours - and LEDs anywhere from 30,000 to 50,000+, buying a decent CFL ends up costing not much less than a reasonably priced LED.
However, with efficiency and conserving in mind, the color rating index (CRI) effects the efficiency of LED light. CRI is being marketed very strongly - and unless you have a specific need for color accuracy (displaying art, working in a salon applying makeup, etc) - it doesn't make any sense to pay more for an energy saving product =).
With that in mind, there are many LED products with an extremely high CRI, that may result in it being nearly or less efficient than CFL - and doesn't that defeat the purpose?
Here's an example...
12W LED PAR38
12W PAR38, 50,000 hours, 960 lumens @ 3,000k, dimming, cost $38.48, 80 lumens per watt
vs
Popular Competing LED Product
18W PAR38, 50,000 hours, 900 lumens @ 3,000k, dimming, cost $68.64 (on a major shopping site named after a river), 50 lumens per watt
vs
Popular Brand CFL
23W PAR38, 10,000 hours, 1,200 lumens @ 3,000k, non dimming, cost $21.24 each ($106.20 for five to equal 50,000 hours), 52.17 lumens per watt
So, all in all - when considering efficiency, there's a large dynamic here! For those who are looking to convert to LED, I think it's best to consider (1) cost of the product, (2) efficiency of the product, and (3) actual use - as the lightbulb that remains turned off in the attic isn't using much electricity - and will probably never pay for itself. Unless ... efficiency and going "green" isn't the objective, and a boutique product is desired ....

Regards
ps:: Not to get all entirely OCD regarding lighting, however, with efficiency in mind - there are also advantages offered by the use of timers, motion sensors, and solar panels. With LED I can effectively light five rooms plus two exterior locations with led lighting with less than 100 watts total for all of the bulbs combined. A guess-timate of 24 hour usage for all above mentioned lamps is $11 per month. Not too shabby. That's approximately 14 watts per 7 rooms or locations. If the lights in those 7 locations were not in service by use of sensors, timers, or turning lights off; I think I can reduce the usage of electricity for each locations by about 50%. In fact, if I'm only one person - and only need one location at any given moment, at 14W, I could be paying less than $2 in electricity per month for lighting electrical costs..........
$24 per year? I LOVE IT
Edited by BrightIdea - 8/14/11 at 6:32pm