Are LEDs Changing Economic Trends?

Added by Marissa
March 6, 2018
Are LEDs Changing Economic Trends?

Despite the growing number of electronics in need of daily charging, the United States has seen a steady decline in energy usage since 2010. There have been a few trends thought to have created this dip in electricity usage. First, energy efficient electrical appliances have become more common in households since 2010. Second, Edison’s incandescent light bulb has been dethroned by the ultra-efficient LED.

LEDs are Trending

As of a May 2017 article, over 450 million LEDs have been installed in the US. Almost 70 percent of Americans have purchased LEDs to date. According to Lucas Davis, an economist at University of California at Berkeley, “All told, energy efficient lighting now accounts for 80 percent of all U.S. lighting sales.” This includes LEDs and CFLs.

Why LEDs are Having a Moment

It’s no secret why LEDs are currently in the spotlight. They use 85 percent less energy than their counterparts, and they last significantly longer. With the increased adoption of LED lighting, electricity use isn’t the only thing going down. So are the price for LED bulbs. They are now competitively priced with more traditional bulbs and are expected to hold a majority of the sales in the lighting industry in less than a decade.

Stay on Trend with LEDs

While LEDs are becoming increasingly more common, only about 5 percent of households use solely LED lighting. Get ahead of the lighting curve and install LED lights in your home, business and more. There’s an LED for just about everything you can think of!

Find all of your LED lights with Sitler’s. When you work with us, we give you a free walk-through and proposal, as well as handle all of your rebate paperwork as well. Give us a call at (319) 653-2123 or request a quote online.

Posted in LED Economic Impacts

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