The recent winner of the U.S. Department of Energy’s “Bright tomorrow lighting prize” has a rating of 30,000 hours and when used at 4 hours a day, will last for 20 years.

philips led bulbAccording to Philips North American Executive Ed Crawford, “the new bulb is 83% more energy efficient than the standard 60-Watt incandescent” while also adding that if every light bulb in a household were replaced with this 10 Watt LED the “nation would save about 35 terawatt-hours of electricity or $3.9 billion in one year;” this is the equivalent of removing 4 million cars off of the road and reducing 20 million metric tons of carbon emissions.

Some more facts about the light bulb include: it provides 940 lumens of light (incandescent around 800), contains no mercury, it’s made in the USA, has a 3 year limited warranty, and emits virtually no UV/IR light in the beam. It is a dark shade of yellow when not in use, and turns to bright white light when turned on.

The price currently is around $50; this is a little high, although each light bulb is estimated to save $165 in electricity bills over its lifetime. Nevertheless, Philips is in the process of planning discounts to bring the bulb’s price down to around $25. This extended energy saving goes in-hand with the changing consumer outlook that Crawford mentions in relation to product longevity — before consumers invested in products that would only last “6 months to a year” but now consumers want products to last “for decades”. To learn more, visit the Philips’ website.