New light bulb costs $60, but lasts 20 years - KPTV - FOX 12

New light bulb costs $60, but lasts 20 years

Posted: Updated:
NEW YORK (KPTV/AP) -

How much would you pay for an amazing, state-of-the-art light bulb?

Shoppers will ask themselves that very question at Home Depot and other outlets starting Sunday - Earth Day - when the bulb that won a $10 million U.S. government contest goes on sale.

For commercial customers, the L Prize bulb will cost $60. The price tag reflects the cost of the components, especially the light-emitting diodes, or LEDs.

What makes the bulb special is that it shines as bright as a 60-watt bulb, yet uses only 10 watts of power. If it's used four hours a day, the bulb saves about $8 per year in electricity costs and is expected to last 20 years.

The manufacturer, Netherlands-based Philips, is discounting the bulb by as much as $20 to $30 for consumers. A $10 rebate is available on Philips.com for those who purchase bulbs at The Home Depot.

Copyright 2012 KPTV (Meredith Corporation.) All rights reserved. The Associated Press contributed to this report.

Powered by Frankly
FOX 12
Powered by WorldNow CNN
All content © 2017, KPTV-KPDX Broadcasting Corporation, Portland, OR . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.