It’s a hot topic of the day, should I go ahead and replace all my house lights with CFLs? How much money will I have to spend upfront? How much energy will I save a month?
Basically, is it worth doing?
My next-door neighbor invested in new LED (Light Emitting Diode) lights this Christmas season. So I started thinking whether we should do the same. I decided to do my own financial analysis comparing the initial cost, energy cost and the replacement cost between the two kinds of lights. By the way, the inspiration for this analysis came from Jessica Knows who is running a Nickelodeon Holiday Money Saving Contest for $500 Wal-Mart gift certificate. (I hope I win!!)