Recent price drops in LED light bulbs may radically change the US lighting market, currently split between older incandescent and halogen bulbs and energy saving CFL and LED bulbs. The Environmental Protection Agency in the US recently changed its energy star definitions for light bulbs and LEDs fall under the new category. This rating will likely make LED prices drop by as much as 50 percent. These price drops, combined with low energy consumption of the bulbs, means the future of LEDs look very optimistic.
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