Philips today announced it will offer its most technologically advanced LED bulb to consumers for the first time on Earth Day. The company’s response to the federal government’s challenge to develop aggressive new technology that would support the nation’s goal of energy independence and security was met by the development of the most energy efficient bulb in the world. The Philips L Prize LED bulb, winner of the U.S. Department of Energy’s Bright Tomorrow Lighting Prize (L Prize) competition, will be available this week at both retail and online outlets.
“Philips is the first and only company to meet the stringent L Prize requirements for a bulb that produces over 900 lumens, a Color Rendering Index (CRI) of 90 and 2700 Kelvin color temperature, features that allow it to closely mimic an incandescent bulb,” stated Ed Crawford, GM of Lamps, Lighting Electronics and Controls for Philips Lighting North America. “Because the new bulb is 83% more energy efficient than the standard 60-Watt incandescent, consumers can now experience new savings for their pocketbooks by putting this technologically advanced product to use in their homes.”
Philips has partnered with over 280 utility companies across the country to ensure rebates are available on the bulb and expects more than 230 additional utilities to join the program in June when the product is expected to achieve Energy Star qualification. Utilities and efficiency programs such as Cape Light Compact, Efficiency Vermont, Platte River Power Authority (Colorado) and Long Island Power Authority will be offering rebates of $15 - $25 on the bulb, bring the retail price at point of sale down to as little as $25.
“By supporting proven LED technology such as the Philips L Prize bulb, we can give consumers a viable, long-lasting alternative to the incandescent or CFL,” said Briana Kane, Senior Residential Program Manager at of Cape Light Compact in Massachusetts. “As we head into the peak summer usage months, the ability to reduce your electricity bill for the next few decades by simply screwing in an LED light bulb becomes an attractive and easy proposition.”