The Philips 8.5-W LED bulb is aiming to change the perception of LED bulbs as being unaffordable to most. The most affordable LED bulb on the market, this bulb costs just five bucks -- $4.97 to be precise. Over its lifetime, the bulb represents savings of $62 compared to a regular incandescent bulb.
As its name suggests, the bulb uses only 8.5 Watts of power. It is available in a warm white color temperature, putting out 800 lumens of light. A daylight version will also be available. Both bulbs will be available at Home Depot stores.
LED lightbulbs are proving to be a great way to reduce energy consumption, and now it finally looks like they're becoming affordable as well.