Guest Blogger #893, Entry #2099, March 12, 2013
Saving money in your home is on everyone’s mind, especially when it comes to green living. The double-dip recession that has gripped the global economy for the past five years has exhausted the resources of millions of people but has also imparted many valuable lessons. Careless expenditure and unwise investments have been eschewed in favour of cost-effective financial planning. Industries that promote cost-effective living have benefitted in the wake of plummeting wealth. LED lighting has enjoyed a significant surge in popularity amid the financial crisis due to their cost-effective nature.
Decreased expenditure on the necessities of life could save the global economy significant amounts of money. This can help safeguard against potential future recessions. The increasingly poor investments made by the worlds’ pre-eminent and prominent money men contributed to the financial hardships that many have faced. The lessons learned and improved investment techniques will help protect the economy from downfalls in the future.
Image via: Teri Fotheringham
LED bulbs
LED bulbs have become central to cost-effective living in personal and professional fields. The lower energy costs that come as a direct result of implementing LED lighting solutions. Many governing bodies have begun implementing LED street lights into their constituencies as a means of reducing energy costs.
The largest of these initiatives has taken place in the city of Los Angeles in 2009. The scheme was pushed forward by the Mayor Antonio Villaraigosa and ex-president Bill Clinton as a method to help the city reduce its energy costs every year. Since its inception, the scheme has helped saved the city millions of dollars every year. These saved costs have been re-distributed elsewhere.
Lower energy costs
Far from being the sole responsibility of governing bodies and authorities; LED implementation can create numerous benefits from the grass roots level. Installing LED lighting into homes can save the owner significant amounts of money; again this money can be re-invested elsewhere.
The lower energy costs that are a direct result of the implementation of LED lighting are supplemented by the lower replacement costs. In a blog for the New York Times, Eric A Taub discovered that the average LED bulb’s lifespan is up to 25 times as long as its traditional counterpart.
Image via: Cynthia Prizant – Prizant Design, LLC
Taub revealed: “Typical incandescent bulbs last 1,000 to 2,000 hours. But in speaking about LED replacements, lamp life is routinely quoted as 25,000 to 50,000 hours. Long lamp life, and the reduced power used to create the same amount of light, is what makes this technology so promising.”
As the economy begins to rear its head from the recessive hole in which it has been hibernating, the world’s population must aid the vulnerable beast. The temptation may be to back in a booming economy with superfluous investments and holidays in the sun; but we must all learn from previous mistakes. Implementing LED lighting solutions can help make the world a safe environment for the recovering economy and protect it from future downfalls.
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