Savings Formula:
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Definition: This calculator estimates the cost savings from switching to LED lighting compared to traditional lighting.
Purpose: It helps homeowners and businesses evaluate the financial benefits of upgrading to energy-efficient LED lighting.
The calculator uses the formula:
Where:
Explanation: The calculator determines the wattage difference, multiplies by usage time and electricity rate, then converts to kWh.
Details: Understanding potential savings helps justify the upfront cost of LED upgrades and demonstrates long-term benefits.
Tips: Enter the wattage of your current lights and LED replacements, daily/annual usage hours, and your electricity rate (default $0.12/kWh).
Q1: What's a typical LED wattage replacement?
A: A 60W incandescent can often be replaced with a 9-12W LED bulb for similar brightness.
Q2: How do I find my electricity rate?
A: Check your utility bill - it's usually listed as "price per kWh" in the charges section.
Q3: Should I use daily or annual hours?
A: For annual savings, multiply daily usage by 365. For monthly, multiply by 30.
Q4: Do LEDs really save that much?
A: Yes! LEDs typically use 75-90% less energy and last 25 times longer than incandescent bulbs.
Q5: What other factors affect savings?
A: Consider bulb lifespan (fewer replacements), cooling costs (LEDs emit less heat), and potential utility rebates.