How Many Big Electric Bills Does It Take to Change a Light Bulb?
To conserve both energy costs and the environment from within your home, seek higher inspiration.
That is, look at your ceilings and contemplate the light bulbs screwed into the fixtures.
The most common replacements for conventional bulbs are compact fluorescents. Yes, they were once known for poor lighting and u-shaped designs that didn't actually fit in most fixtures. But General Electric (GE), Philips Electronics (PHG) and Siemens (SI), among others, now make them in a range of sizes and shapes that are easily interchangeable with conventional light bulbs in lamps and ceiling fixtures.Compact fluorescents aren't catching on as quickly as environmental advocates would like, primarily because of the upfront price tag. You can by a two-pack of standard GE 60-watt bulbs at Lowe's (LOW) for $1.98. Compact fluorescents can cost two or three times as much, at least. But it's not an apples-to-apples comparison. A 15-watt compact fluorescent will provide as much light as a 60-watt incandescent, which means the newer bulb uses a quarter of the power to get the same amount of light -- that's a 75% savings every time you flip the light switch. Additionally, that compact fluorescent will provide 10,000 hours of light, while the conventional bulb will provide 1,000 to 1,500 hours. That means you have to buy six to 10 of Edison's old bulbs for every one energy efficient bulb you buy. Put another way, you're spending $6 to $10 on incandescents for every $2 or $3 you would spend on the CFBs.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV