VantagePoint Predicts LED Lighting Prices Will ‘Plummet’ By 2015

As more and more demand for green technology rises and the number of competitors increase, VantagePoint Capital Partners, investors in Silicon Valley, expect the price of LEDs to drop by 2015. In fact, VantagePoint’s CEO, Alan Salzman, predicts that prices may fall 90% within three years.

Since the incandescent light bulbs are being phased out, it leaves much room for LEDs to gain hold of the 40 billion dollar global lighting market. Today, Europe has begun phasing out incandescent bulbs and with the recent energy efficiency policy in the U.S., 100-watt bulbs will soon be obsolete in 2012.

However, since the phasing out has just begun in our part of the globe, there hasn’t been much LEDs on the shelves for sale yet. But, Salzman expects that once incandescents are eliminated, more and more startups will develop low-cost LEDs for the general public.

Eager to improve the environment and take a piece of the growing green industry, VantagePoint has invested approximately $750 million in 32 clean technology companies, which include top LED manufacturers.

Wondering why LEDs are so important to the environment? Well, basically, an average LED bulb will save U.S. consumers as much as $7 a year in energy costs compared with incandescent bulbs, and they’ll last for about 30 years, according to Salzman.

For more info, contact us at 1-562-407-3079 or visit http://www.primalighting.com.

Decorating Your Home with LED Lighting

So, you’re thinking about decorating your home, or at least playing with the idea? Well, while many may think decorating only involves furniture, framed art, and painting, it may be surprising to know that lighting significantly contributes to the overall style of a home.

Okay. Now that we have established that lighting is important, where to start? Today, there are a variety of lighting types in the market, making it difficult to choose the right kind of lighting for you. One idea to remember is maintaining a good balance between great ambiance and bright illumination. The best type of lighting that achieves this is the LED light. LED lighting provides pleasant brightness, suitable for areas where high illumination is needed, such as the kitchen and the bathroom. Yet, it keeps a cool system, producing little heat, which is good both for the environment and the wallet.

Moreover, LED is ideal for areas outside the home, such as patios. LEDs are durable and some LED lighting fixtures are even weatherproof.

However, many home owners are finding switching to LEDs a bit challenging since LED bulbs are still on the expensive side. But, if you think about LED’s long energy life, which averages to 25,000+ hours (or three years), it’s actually a better deal going with LED as opposed to incandescent light bulbs. Plus, like we said, LEDs are more durable, so you don’t have to worry much about it being as fragile.

In fact, because of these extraordinary qualities, some decorators are considering switching over to LEDs. They find LED light bulbs provide great ambiance, perfect illumination, durability and maintains this look for years.

Do you have trouble finding lighting fixtures? Shop online at PrimaLighting.com. We provide a wide variety of lighting fixtures for every space.