Here's a little holiday-related money saving tip I found in my local paper recently:
Want to cut your holiday lighting bill by about 70 percent? Invest in the new wave of LED fixtures and light strings. These "light emitting diodes" are more expensive than traditional holiday lights; a strand of 30 decorative LED lights is about $15, compared to $8 for a string of 100 miniature lights.
According to the Long Island Power Authority (LIPA), the LEDs burn cool and reduce energy consumption. LIPA says it costs about 56 cents to burn 600 LED lights five hours daily for 30 days. Over the same time, it would cost about $23 to burn incandescent bulbs.
At first, this seems like a really good deal. But, let's look at the payout.
Say you're thinking of buying 600 LED lights versus 600 regular lights. It would cost you $300 to purchase the LEDs and $48 for the regular lights. If you used them for five hours per day for 30 days, it would take you over 11 months to pay for the LEDs. Given that you only use the lights for 30 days each year, you're looking at breaking even sometime about 12 years from now.
And if you already have the regular lights, it would take over 13 years to pay off the LEDs.
Nope, no money saving tip here.
I looked at these and came to the same conclusion. The other factor is what happens when one breaks? How are you going to find an LED replacement and how much will it cost? The old fashioned lights have replacements everywhere for pennies and I bet the same cannot be said for the LEDs
Posted by: The Saving Freak | November 29, 2007 at 09:04 AM
However, if you find a good deal AFTER Christmas where the Christmas decorations are 50 - 90% off, then I can see it as a good deal. You can start saving energy next year.
The one good thing about buying them now, though, is the amount of energy you save which, in turn, is better for the environment.
Posted by: rdub98 | November 29, 2007 at 09:17 AM
No offense but 60-bulb LED strings were just $10 at Target and are normally $12 for the Philips brand. The no-name is cheaper. At this point buying LEDs is better for the environment vs. your pocket book but I've been slowly replacing my Christmas lights with LEDs.
As to spare bulbs every pack I have has 1 or 2 spares included and you can find that at the store so I'm not sure how "spare bulbs" is a reason to avoid LED lights. Also, the chance of one burning out, or breaking, is a hell of a lot less than a regular bulb.
They're still more expensive but sometimes there are reasons other than the almighty dollar to buy something. Cutting your electricity usage is a good enough payoff in my book.
Posted by: Jason Kratz | November 29, 2007 at 09:47 AM
Jason --
No offense taken -- I was just using the numbers in the article.
As far as helping the environment goes, I think everyone is trying to find the cost/helpfulness balance. Some might use CFLs, some might give up SUVs, some might start recycling, and so on. It's up to us all to see where using LEDs falls in our personal quest to help the environment.
Posted by: FMF | November 29, 2007 at 09:55 AM
Good analysis. I did find some on clearance last year, didn't think I would, so it becomes much more reasonable at half price. Though, I still would not replace all of the lights I already have at once.
Posted by: FinanceAndFat | November 29, 2007 at 09:59 AM
Here in WI they have a special program that runs for about a month every year where you get instant rebates on CFL lights (they end up being 99 cents) and LED light bulbs (35 strand is $3.99) and (70 count strand is $9.99) so it gets slightly more economically feasible, but even then I agree that pure dollars and cents it will not add up unless the LED christmas lights are much more durable and will last many more seasons than their counterparts. The CFLs though are a no-brainer.
Posted by: MFJ | November 29, 2007 at 10:15 AM
I don't know about any of you, but I seem to replace my "standard" Christmas lights every couple years anyway, because they are so cheap. I wonder how much longer the LEDs would last? I am definitely going to look at these for the after Christmas sales.
Posted by: Kevin | November 29, 2007 at 10:40 AM
if you live in LI, trust me, consider yourselves lucky that the christmas lights, or any other lights for that matter, even stay on as much as they do. The lack of new electrical transmission line tech, or transmission lines in general going into LI, and the abundance of nimbys/lawyers is gonna have LI singing the brownout blues...
anyways, led are a good idea and couple this with a timer at the outlet, yes they are an added expense, but I imagine it will pay for itself in the first season alone. again the lack of transmission lines are the leading contributor to the rise in electric rates in LI and the rest of the States.
also, if you use cfls or incandescent, think about putting a timer on the switch like in a closet or something so that it turns off automatically after a set period of time. a timer will do more to lower your bill than any other item no matter what the walmart/ge alliance tells you.
Posted by: claymeadow | November 29, 2007 at 11:29 AM
I just bought LED bulbs (regular kind) at BJ's and they really weren't much more expensive than regular bulbs would be bought at a retail store. I'm willing to bet that BJ's and other wholesalers also have holiday lights that are cheaper.
I don't have a tree but do you think the fact that LED's burn cooler is a significant safety plus when considering which to buy?
Posted by: Free From Broke | November 29, 2007 at 11:36 AM
Another regional disagreement with the article's numbers - I just blogged about LEDs last week. Ours were $11 for 100 lights at Costco. Haven't decorated the tree yet, but I think four strings will do it. And with the lights' growing popularity, I anticipate that replacements won't be too hard to find. (The lights do stay lit if one bulb burns out, so you might just have a blank spot for a year or two while retail catches up.)
The deals get even better for some people, like those in Boulder, Colo., who could do an LED swap for $5 a string.
My old Christmas lights are still working after at least five years, so we'll use some for the window while we gradually upgrade to LEDs, and the rest we'll pass on to someone in need of lights.
Posted by: Cheap Like Me | November 29, 2007 at 12:08 PM
I have a hard time believing that if you already have lights, going out and buying another set that is more efficient is better for the environment. Those lights were manufactured with raw materials and shipped accross the country so I am hesitent thinking that I am doing a service to mother nature by buying more.
Posted by: klauss | November 29, 2007 at 12:38 PM
Buy the LEDs.
LEDs are hard to break and have a very long life span (10,000 - 100,000 hours) before burning out. The regular incandescent last approx 800-2000 hours. So at 12hours/day for 30 days, you'll have to replace bulbs on the old style every 3-5.5 years, versus 27-200+ years for LEDs.
Posted by: briang467 | November 29, 2007 at 02:31 PM
I think the people considering the longer life of LEDs are failing to consider other factors besides bulb age that can lead to a strand of lights breaking.
Posted by: Brandon Barkley | November 30, 2007 at 09:23 AM
We have found the LED strings to be much cheaper than those quoted in the article, and the electricity use is an order of magnitude less than incandescents. Every year we always would have maintenance to do on the incandescent strings, very frustrating (especially if a part of a string went out after it was already on the tree). All our incandescent strings have been given away now.
We still have a few strings of incandescent icicle lights for the porch because the LED version gives a cold blue light that I don't much like. Warm white versions of LED lights are available but I don't know if they've made it into icicle lights yet.
Posted by: Mary McK. | December 04, 2007 at 11:51 AM
I have a pre-lit Christmas tree. Is anyone aware of LED replacement bulbs that can simply be swapped out with the old incandescent bulbs?
Posted by: Joshua Hobbs | December 11, 2007 at 08:15 PM