For mass adoption to be a real potential for the LED bulb it is going to have to come down in price. Even I am not quite willing to drop twenty to forty dollars on a single bulb in hopes that my electricity bill will decline precipitously. As the technology improves and the economies of scale grow larger this is a problem that is already beginning to take care of itself. There is one brand that has already found a way to sell their bottom of the line LED bulbs for under $5.
Lemnis Lighting announced last month that they are going to be selling their Pharox Blu LED bulb for a price that others just can’t compete with yet. Although it is currently out of stock you can order it on their website when it returns. I have to say that right now this price point only provides bragging rights for Lemnis. This light bulb won’t work well for most of your lighting needs. It is only equivalent to a 20 watt incandescent and doesn’t have some of the features (like dimmability) that you might want.
Although this particular light bulb isn’t going to change the way we light our homes and save us big money on our electricity every month due to its low level of versatility, it serves as a milestone. As the LED bulb industry grows larger and more competitive, prices will continue to evolve and we as consumers will reap the benefits. We’ll have great LED light and super low energy bills in the very near future. A great sub $5 bulb is the key. I just hope it becomes a reality soon in the form of a bulb that we can really use in most lighting situations.