Reducing electricity needed for lighting will reduce greenhouse gas emissions, save billions of dollars and reduce our dependence on fossil fuels. There's no doubt that light-emitting diodes (LEDs) will help reduce electricity needs. They already dominate the market for traffic lights, automotive tail lights, store signs and other specialty design applications. Can they penetrate the residential market and perhaps dominate?
LED lighting is beginning to appear in the residential market. The technology is advancing at a fast pace with increased efficiencies and new products coming to market. Lofty prices are the biggest limitation to residential use. As the technology and market acceptance improves, production volumes will increase, more manufacturers and distributors will enter the market, product selection will improve and prices will fall. Led strip distributor today can cost more than 4 times as much as comparable compact fluorescents (CFLs).
