The program, called the Bright Tomorrow Lighting Prize was designed to push innovation in lighting so we can get a real, usable LED light bulb that would offer the same amount of light as our most popular bulb.
The winning bulb was recently announced and was developed by Philips Lighting. The environmental and economic impact of getting these installed en masse is in saving a whole lot of electricity. I mean a LOT! =) The bulb uses 10 watts of electricity to replace a typical 60 watt standard light bulb and it will last approximately 50 times longer than the old bulbs. That incredible lifetime provides the second major environmental and economic impact—not having to produce and landfill up to 49 light bulbs. If you multiply that out by the millions of homes in America and the dozens of light bulbs within each of those homes, and you come up with a huge impact.
With one company leading the way on this project, others will be sure to follow, and it is predicted that in the next 8 years or so, the cost of LED light bulbs like this one will be less than $10, making energy efficient lighting something more affordable for the majority of Americans. Part of the proof of this is in taking a look at the price of a CFL light bulb back in the early 80’s, and comparing that to what they cost today. They have come down in price by over 90% and the performance (light quality, warm tones, long life, dimmability) have all improved.
This new Philips bulb is not yet on the market, but you can click here to see all the LED light bulbs that are currently available. =)