James thanks for going thru that!
If those lights are within a heated area, the savings is less because more heat may have been purchased to offset the cooler lighting (lesser electrical heating). If he'da fell off the ladder changing one of those 60 bulbs, the savings is more.
Light bulbs used to be 2,000 hour. Industry changed to 1,000 hour and nobody noticed, or cared. But they doubled the cost of bulbs and the profit (and doubled the cost of fixture maintenance too). Industry can do the same with LEDs (over time) if they get together and plan it. Its a rich country, and there's substantial profit in moves like that, enough to counter any opposition. Same big companies that did it with incandescents can surely pull it off again as long as there is no govt intervention.
If people waste less energy with LED lighting the grid can serve more citizens and seeing as how the citizens often have to pay for grid upgrades this "can" translate into savings but maybe only for the investors.
A few years ago I bought a few cases of 14,000 hour bulbs for 25c each. Not sure what to do with them now that LEDs are cheaper. I must have about 100 14,000 hour bulbs. :shocked:
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edit: A
documentary claims that an international cartel was created many years ago wherein lightbulb producers organized to reduce bulb lifetime hours to 1000, in 1924! :shocked: Seems to me that when I was a kid they were 2,000 hours, and sometime in the last 30 years they dropped to 1,000. I could be wrong.