New Bulb on the Block

A new LED bulb is now available for sale online! Royal Philips Electronics has just released a 17-watt LED bulb that equals to a 75-watt-equivalent incandescent bulb. The innovative bulb uses a whopping 80% less electricity than incandescents and lasts 24 times longer. In fact, the bulb has a lifespan of 25,000 hours.

Want it now? Well, the 17-watt LED bulb is exclusively available for $39.97 on HomeDepot.com. If you want a cheaper alternative, Phillips also already sells a 60-watt equivalent LED that is currently priced at $20.

As the U.S. approaches the 2014 deadline banning the sale of incandescent light bulbs, many consumers are getting more and more interested in LED lighting. Cost-effective and energy-saving, LEDs promise better deals in the long run since they last for several years, some as long as 17 years.

What do you think of this hot new product? Will you go out and get these bulbs yourself or think they are too expensive? Share your comments below.