Energy Efficient Light Bulbs - Putting Dollars Back In The Bank
With electricity rates on the rising|increase) and as we are set in a recession, reducing expenses are most families priority. Families don't frequently think about it, but energy efficient light bulbs can save homeowners quite a lot of money on their utility bill. But before you decide on buying energy saving light bulbs, look at the initial investment.
As I was visiting the GE Lighting website (which I have no affiliation with), I found a very useful tool for calculating cost savings if you install energy efficient light bulbs. This calculator assumes that you use a light for 4-hours a day and a electricity rate of 10c/kWh. It then show you how much money you will save by installing energy saving light bulbs.
If you wish to swap 4 100-Watt standard bulbs with 4 26-Watt energy efficient light bulbs (CFL bulbs), it is calculated that your annual savings will be $43.22. I used 4 x 100-Watt bulbs since that is a standard configuration for a sierra fan.
I took a walk through our home and I found 25 60-Watt and 40 100-Watt bulbs. In addition I found 2 track light. When I run these values through the GE Calculator, I should be saving a whopping $625 per year. Do not forget, I will need to buy 65 energy saving light bulbs and that will cost around $325.
Calculating the Return-On-Revenue: ROI= [(Payback - Investment)/Investment)]*100 [(625-325) / 625)] * 100 48%
During the first year we will see a return on our investment of 48%. As I was looking at these numbers it became evident that it will be smart to upgrade to energy efficient light bulbs, even if in the beginning it will cost us some money.
If you think that the the average home has between 50-100 bulbs and that changing one 100-Watt bulb to an energy efficient light bulb will save you around $10/year, it quickly becomes clear how this will be one of the best investments you can make for your family.
As I was visiting the GE Lighting website (which I have no affiliation with), I found a very useful tool for calculating cost savings if you install energy efficient light bulbs. This calculator assumes that you use a light for 4-hours a day and a electricity rate of 10c/kWh. It then show you how much money you will save by installing energy saving light bulbs.
If you wish to swap 4 100-Watt standard bulbs with 4 26-Watt energy efficient light bulbs (CFL bulbs), it is calculated that your annual savings will be $43.22. I used 4 x 100-Watt bulbs since that is a standard configuration for a sierra fan.
I took a walk through our home and I found 25 60-Watt and 40 100-Watt bulbs. In addition I found 2 track light. When I run these values through the GE Calculator, I should be saving a whopping $625 per year. Do not forget, I will need to buy 65 energy saving light bulbs and that will cost around $325.
Calculating the Return-On-Revenue: ROI= [(Payback - Investment)/Investment)]*100 [(625-325) / 625)] * 100 48%
During the first year we will see a return on our investment of 48%. As I was looking at these numbers it became evident that it will be smart to upgrade to energy efficient light bulbs, even if in the beginning it will cost us some money.
If you think that the the average home has between 50-100 bulbs and that changing one 100-Watt bulb to an energy efficient light bulb will save you around $10/year, it quickly becomes clear how this will be one of the best investments you can make for your family.
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