Philips LED is the light bulb of the future

This prize winning LED by Phillips screws in and fits where a 60 watt incandescent does. But it only uses 10 watts of power, outputs 900 lumens, and lasts a whopping 30,000 hours. Plus, it’s dimmable and has light like an incandescent.

The initial price will be a steep $50. But even at that, over the lifetime of the bulb it will be way cheaper than regular light bulbs. With rebates, the price may soon drop to $22. CFLs were expensive when first released but after a few years, prices came down sharply. The same will happen with LEDs, which will replace CFLs.