According to studies conducted by organizations such as the International Energy Agency (IEA), LED lighting consumes approximately 90% less energy than traditional incandescent bulbs. This significant reduction in energy consumption translates into significant financial savings over time. For example, if you were to replace all your incandescent bulbs with LED equivalents, you could expect to save around $100 per year in energy expenses alone. These savings would accumulate over time, resulting in significant annual returns on investment.
Official Sources:
* "Learn about LED lighting" EnergyStar, https://www.energystar.gov/products/lighting_fans/light_bulbs/learn_about_led_bulbs
* "Upgrade your lighting" EnergyStar, https://www.energystar.gov/buildings/save_energy_commercial_buildings/ways_save/upgrade_lighting