Philips new L Prize LED has a suggested price of $50. The general lighting bulb came out of the Department of Energy’s L Prize competition to develop long-lasting, efficient, and less expensive LED lamps.
Philips claims its L Prize LED is the most efficient 60-watt LED equivalent and it improves on features from Philips own existing LEDs.
It gives off 940 lumens, consumes 9.7 watts, and has a color rendering index, which is a measure of light quality, of 93. It’s also rated to last 30,000 hours, which would be 20 years if used four hours a day. The color temperature is 2700, similar to an incandescent bulb, and is dimmable.
In terms of price, Philips is offering an “automatic incentive,” a discount that takes $10 off the price. Other local rebates can bring the cost down to as low as $25. Philips expects it to get the EnergyStar rating.