This good news comes from a NY Times story today.
The prospects of replacing today’s inefficient incandescent light bulbs with long-lasting, low-power LEDs are increasing.
Two of the lighting industry’s three biggest manufacturers, Osram Sylvania and Philips, plan to sell energy-efficient LED bulbs this year that can replace a 60-watt bulb, the most commonly used incandescent lamp.
The third company, General Electric, will sell an LED equivalent to a 40-watt bulb this year, but it will not have a 60-watt replacement ready until 2011.
GE expects its 40-watt equivalent to cost $40 to $50, while both Osram Sylvania and Philips think initial retail prices could be about $60.
A lesser-known maker based in Satellite Beach, Fla., the Lighting Science Group, has said that its new 60-watt equivalent, Definity LED, will also be available later this year and cost around $30.
All three major companies say they are working with regional utilities to offer rebates that could lower the price to something that could immediately be affordable.
“By 2012 or 2013, we’ll get the price down to around $20,” said Mr. van Tartwijk of Philips.