Between CFL and LED, Which One Would You Choose?
The demand for highly-efficient lighting in the United States is projected to increase more than 10 percent every year through 2017. It is forecasted to reach $11.7 billion in 2017, with the demand for LEDs growing the fastest among all high efficiency lighting products, based on a recent report. Such a projected demand has taken into account regulatory changes and technological improvements that are designed to reduce electricity usage in lighting applications.
How The EISA 2007 Affects The Lighting Demand
The provisions of the Energy Independence and Security Act (EISA) of 2007 are geared towards phasing out the use of traditional incandescent lamps and the US market is continuing to adjust to such provisions. With the advent of LEDs, CFLs and other high-efficiency lamps, which not only provide energy-efficient lighting, but environmental concerns are accordingly addressed by these products as well.
High Efficiency Lighting Products
The EISA supports the demand for products such as LEDs or light emitting diodes, and CFLs or compact fluorescent lamps and technological innovations are continuously improving the performance of these lighting products. Technological innovations and improvements in manufacturing of the LEDs and CFLs have led to reduced purchase prices, thus boosting marketability of these efficient lighting products.
In terms of purchase price, CFLs are in a better position than other high efficiency lighting products. Although the cost of one CFL is typically 3 to 10 times more than an equivalent incandescent lamp, the CFL offers a longer life cycle – lasting 8 to 15 times longer, and uses less energy – 2/3 to ¾ less energy than conventional incandescent lamps. Several reports indicate that a household investment of $90 to change 30 incandescent lamps to CFLs have saved $440 to $1,500 over the five-year life span of the bulbs. The variation factors in the cost of electricity in a specific area. That’s about 12% worth of savings on utility / energy bills.
While CFLs are considered a cost-effective replacement for incandescent lamps, a more cost-effective solution is offered by LEDs. In the past years, the initial cost of replacing incandescent lamps with LEDs can be substantial and that hindered the adoption in various traditional lighting applications. But manufacturers were able to reduce production costs which allowed them to offer LEDs at more affordable prices. Additionally, performance of the LEDs had been greatly improved over the years, making them increasingly competitive with CFLs. A typical lifetime for LEDs is somewhere between 25,000 to 100,000 hours as heat and current settings affects the lamp’s overall performance.
Growth Opportunities For CFLs and LEDs
Other than in household applications, growth opportunities are expected to be seen from the building sector as it integrates the CFLs and LEDs in the overall building design; and from businesses, institutions and government offices which will all shift to high efficiency lighting products in consideration of lower energy expenses and reduced labor costs of replacing lighting products.
Have you replaced your traditional lighting system with CFLs or LEDs?