Energy Saving Light Bulbs – Putting Dollars Back In The Bank
One of the most challenging issues when you decide to install energy saving light bulbs in your home is cost. Since each energy saving light bulb will cost you approximately $5 each, it is reasonable to stop for a moment and question yourself what your Return On Revenue (ROI) will be.
I admire Jack Welsh and the other day I head over to the GE Lighting website. I was quite pleased by the calculator they had on this website that helps you see how much money you will save by installing energy saving light bulbs. It calculates it based on 4-hour usage and a electricity rate of $0.10 per kWh.
Sometimes small changes can save you lots of money. By swapping out 4, 100 Watt regular bulbs and installing energy saving light bulbs instead, you will be saving $42.22 per year.
In my house I found 40 x 100-Watt bulbs, 25 x 60-Watt bulbs and 4-track bulbs. According to the GE savings calculator I will have an annual electricity savings of $625 if I will replace all my standard bulbs with energy saving light bulbs. That being said, to go and buy 65 energy saving light bulbs for this project, it will cost me $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 saving light bulbs, even if in the beginning it will cost us some money.
Cutting cost is in the numbers. Changing one 100-Watt bulb to a smart energy saving bulb, will save you $10/year. The average home has between 50-100 bulbs. Considering the increase of energy rates, this would indeed be one of the smartest things to you for your family.
