Light emitting diode (LEDs) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $.49 and lasts for 1,000
hours. A 15-watt LED, which provides the same light, costs $3.60
and lasts for 12,000 hours. A kilowatt hour of electricity costs
$.125. A kilowatt-hour is 1,000 watts for 1 hour. However,
electricity costs actually vary quite a bit depending on location
and user type. An industrial user in...