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"  Philips L-Prize LED Light Bulb-Efficiency that can Save You Money As we become more concerned about energy efficiency, companies are offering more efficient and affordable lighting technologies (see our recent tests). The most recent advancements are taking place in the LED category. Many may be familiar with LEDs because they&amp;#039;re used in your electronics but new LEDs are designed to produce room lighting. The Bright Tomorrow Lighting Prize (L Prize) is a competition hosted by the U.S. Department of Energy to encourage companies to manufacture and produce safe, efficient, and cost-effective lighting solutions. Launched in response to The Energy Independence and Security Act of 2007, the contest was put in place to promote the future energy independence of the United States. The entries are subjected to temperature, energy usage, and durability tests to ensure their safety and reliability. Philips Lighting entered the competition in September of 2009 and in August of 2011 was announced as the first winner of the L Prize. Its prize-winner is an LED light bulb that uses only 10 watts of power to produce 60 watts of output power, outperforming the common fluorescent bulb, which uses 14 watts to produce 60 watts. If you want to make your own home or office space more energy efficient consider investing in LED bulbs. Although they&amp;#039;re expensive, each bulb can save $150 over its 25-year life. Philips even offers a 6-year manufacturer&amp;#039;s warranty. The L Prize bulb can be purchased at retailers like The Home Depot or Amazon for around $50. If that&amp;#039;s more than you can afford, consider the 12.5W Phillips Ambient LED bulb price at about $20. On the right you can see a comparison of 60W equivalent bulbs with a 10W Phillips LED on the left, a 14W CFL, center and a 60W incandescent, right.  "^^<http://www.w3.org/2001/XMLSchema#string>
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