GE has just introduced an LED light bulb that offers the most power efficiency and longest lifespan of any commercially-available bulb. But are consumers willing to spend $50 to replace something that they're currently used to spending just a couple bucks on?
A bulk of the population has now switched to fluorescent light bulbs, which can last up to 10 years longer than the old incandescent bulbs. Part of the reason for that is that fluorescent bulbs are still pretty cheap. You can get a pack of three for under $20.
Fluorescent bulbs last around 7 years, depending on how they're used. For all intents and purposes, that's long enough for most consumers to have to worry about replacing them. According to the 2000 US Census, the average American moves around 11 times in his lifetime, and the average lifespan is around 77 years. So the average American moves once every 7 years.
GE's newest bulb would then promise to stay with someone for two different moves, and 3 different residences, and still work. But do Americans really need that? GE's LED bulb, one of the first of its kind, only uses 9 watts of electricity and offers a 77% energy savings over incandescent bulbs.
The big deterrent, though, is its $50 price tag - for one light bulb. I'm not sure who would see the benefit to this. It seems the technology really need to advance and push the price down, otherwise no one will be interested in changing from fluorescent.
Via Fox News?