Since 2012, LED lighting efficiency has increased by 50% and it looks like we will finally be saying goodbye to the incandescent and florescent light bulbs of the past. As consumer costs plummet dozens of energy efficient incentives continue to drive down the prices of LEDs. Enterprise Application Integration (EAI) estimates that consumers received between $400-470 million between 2011-2013 through the Energy Star program.

It is also reported that the increasingly low cost of energy efficient lighting has made LEDs nearly a quarter of the lighting market. LED shipments in 2011 were around 9 million and in 2013 that number jumped to over 45 million bulbs.

If you haven’t switched to LEDs yet the time is now!