More Awesome LED Bulb deals

LED BulbsThis morning I walked into Home Depot and first thing when I walked in the door I was staring at this display offering 2 60W equivalent LED bulbs for $4.97. This is an amazing deal for anyone looking to convert over to LED bulbs. I switched to LED last year and have been saving $20 a month on my electric bill because of it and will continue to save $20 a month, every month, for the next 20 years. One very cool detail lost in the sale is that the advertisement states the 2 pack of bulbs is half off. If this is the case, the normal retail price will be $10 for a 2 pack, which will drive the normal retail price of 60W LED bulbs down to $5 a piece. A year ago the normal price was $10 each, recently it has been $8 each and now they are falling even further.

 

LED CandelabraI looked around Home Depot and also came across the Cree bulbs, both 40W and 60W LED bulbs were priced at $4.97 each. These are normally $9 each and since they come with a 10 year warranty are preferred by many consumers. After leaving Home Depot I headed to Wal-Mart, which is where I acquired the majority of my LED bulbs. They were out of stock, but their 60W LED bulbs were priced at $3.96. They still have the 65W flood lights for $5 each, and they dropped the price on the 25 Watt candelabra lights to .88 cents.

100W LEDSince Lowe’s is right next door, I popped into Lowe’s to check out their LED bulbs.  They had the 40W LEDs on sale for $2.48 each,  but I could not find any 60W bulbs. The big savings I found was on their 100W LED bulbs, which are now $11, and their 75W bulbs which are at $9. This is about half the price of what they had been selling for a year ago.  The 100W LED bulbs use only 16W and the 75W LED bulbs use only 12W.

 

Although prices are on a downward trend, now is an excellent time to stock up on LED bulbs.  The sale at Home Depot is only for this week, so I would grab as many as I could to switch over now while prices are under $3 a bulb. Replacing Incandescent and even CFL lighting with LEDs is a quick, easy, and now inexpensive way to lower your monthly utility costs.

Have you switched over to LED bulbs yet?  How much has it saved you on your electric bill?

UPDATE: 8/29/2015: Amazon now has 4 Packs of Phillips Slim 60W Dimmable LED bulbs for $20, making them $5 each. You can also buy in bulk and save even more, getting $25 for just over $100 making them $4.12 each.  They also ship for free with Amazon Prime.

John C. started Action Economics in 2013 as a way to gain more knowledge on personal financial planning and to share that knowledge with others. Action Economics focuses on paying off the house, reducing taxes, and building wealth. John uses the free tool Personal Capital to track his net worth and posts quarterly updates on his finances. Check out the Action Economics archives section for all past posts.

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