New LED Bulb for Under $5

LED light bulb for under $5.

Yes, the price is $4.95, but nonetheless, a long-lasting, efficient LED bulb for $4.95 is a win! The announcement was just made a few minutes ago, as Lemnis unveiled three new lines of its Pharox LED replacement bulb. The 200-lumen Pharox BLU is the bulb selling for $4.95, and the 350-lumen Parox Blu is selling for $6.95. They are, apparently, only sold through the Pharox website.

The other two bulbs are the Pharox XL and Pharox PRO.

Cheap LED Light Bulbs to Take Over the Lighting Market

“A recent U.S. Department of Energy forecast predicts that LEDs will represent 76 percent of the general illumination market by 2030, but Lemnis predicts 80 percent market penetration by 2020 due to significant price drops such as this one and further innovations in LED technology,” the company behind the bulb noted in the news release.

The company says that the bulbs have a pay-back time of 6 months to 2 years* and are expected to last over 10 years—that means some big-time savings!

–> Also recommended for you: Energy-efficient Lighting Market in Europe to 2020 – LEDs Emerge as Key Growth Sector due to Price Discounting and Phosphor Shortages Restricting CFL Production

The New Bulbs

“The new Pharox BLU 200-lumen model is a ‘no frills,’ non-dimmable consumer LED and is the first branded LED replacement bulb with a price that starts under $5. It comes with a one-year warranty.” Seems odd that the warranty is only for one year, while the lifespan is for an estimated 10 or so, but still seems worth giving a shot. However, the next two bulbs on the ladder offer a longer warranty, at least.

“The XL line is aimed at home and commercial customers who want to be sure of a longer-lasting LED and the 3 year/35,000 hour warranty to back it up. Finally, the Energy Star-qualified Pharox PRO bulbs (coming soon) are designed with the commercial and rebate-driven customer in mind and will carry a 5-year replacement guarantee.”

You Can Have Big Savings

Again, the savings potential from going with these LEDs over incandescent light bulbs is huge.

“A typical 40-watt incandescent bulb costs approximately $5.69 per year to use at $0.13 per kWh, three hours a day. The equivalent Pharox 350 lumen bulb (BLU, XL and PRO) costs just $0.85 per year in energy use. As these durable LED bulbs last between 15,000 – 35,000 hours, in most cases they pay for themselves in less than two years and keep on paying for years after.”

*“In the conservative scenario (3 hours average per day, $0.13 kWh lowest tier pricing), the pay back is just over 2 years: most Pharox buyers replace bulbs they use closer to 5-6 hours a day and shave off top tier pricing at e.g. $0.30) realizing a 6 month pay back time.”