How To Start Saving Money On Your Electric Bill Today.
Most of us over the past 5 years have noticed a slow but gradual increase in our electric bills. It’s no secret that energy prices are going up and in many cases faster than inflation and our wages are not keeping up.
The smartest buy you make this year could well be a box of new LED light bulbs.
Investing in the Latest LED light bulbs may seem expensive but if you do the math they will be saving you a lot more in the long run. And you could end up saving over 240 Pound a year according to some articles in the UK based on current energy prices.
LED light bulbs are around 10 times more efficient than standard filament light bulbs and about three times more efficient than the CFL(Compact Fluorescent Light) bulbs so a 60W filament bulb will produce the same amount of light as a 6W LED bulb.
The reason for this is that those filament bulbs use most of that 60W of energy producing heat and are very inefficient at producing light while an LED bulb creates very little heat and converts most of the energy into light, as they don’t get hot they are safer as well.
So let’s do some maths and see how much you could save.
If for example you have 10 lights with old style bulbs and each light is 60W then that’s 600W of energy or 0.6kW.
Now energy is sold in Kilowatt-hours (kWH) so 10 lights will consume 0.6kWH each hour they are on. A typical Unit price in the UK for electricity is 12 Pence per 1kWh and coincidentally in the US it’s about 12 Cents per 1kWH.
Let’s make our maths easy and say that you have all ten lights on for 10 hours a day, we can base this on retirees who may spend longer at home during the day.
That’s 0.6kWH x 10 which gives us 6kWH
At 12 Pence or 12 Cents per kWH that’s 12 x 6 = 72
So each day the lights would cost you 72 Pence / Cents
Per week that’s 72 x 7 = 5.04 Pound or Dollars of electricity
Or 5.04 x 52 = 262.08 Pound or Dollars per year, just for your lights.
LED light bulbs are 10 times more efficient so swapping to 10 LED bulbs would reduce that bill from 262.08 Pound or Dollars to 26.21 a year
Now the cost of LED bulbs may be more but one 6W LED light bulb would probably set you back around 7 USD or 4 GBP each. So that’s 70 USD or 40GBP for 10. The bulbs will pay for themselves in energy savings in less than 5 months. Yearly savings would be in the region of 230 Pound or Dollars a year however the first year would be less as you need to take of the initial outlay for the bulbs.
LED light bulbs are also long lasting so over 5 years these bulbs could save you over 1000 Dollars or 1000 Pound. Even if energy prices stay fixed for the next 5 years.
That’s why LED light bulbs are such a good investment and an easy way to save money starting today.
Take a look at our range of energy saving LED lights to work out how much you could save. LED lights
(Energy price guide http://shrinkthatfootprint.com/average-electricity-prices-kwh)