Rebates to cut price of $60 LED bulb - Yahoo! Finance
Seriously who would pay this much for a light bulb? LOL!
![](http://l.yimg.com/bt/api/res/1.2/OKvTsojqQ7bntAcKp.o60A--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MTU7cT04NTt3PTUxMg--/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/8325cb6fc7ec060a0d0f6a706700c9d5_original.jpg)
Seriously who would pay this much for a light bulb? LOL!
![](http://l.yimg.com/bt/api/res/1.2/OKvTsojqQ7bntAcKp.o60A--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MTU7cT04NTt3PTUxMg--/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/8325cb6fc7ec060a0d0f6a706700c9d5_original.jpg)
NEW YORK (AP) -- How much would you pay for an amazing, state-of-the-art light bulb? Shoppers will be asking themselves that very question at Home Depot and other outlets starting Sunday — Earth Day — when the bulb that won a $10 million government contest goes on sale.
The bulb is the most energy-efficient yet, lasts about 20 years and is supposed to give off a pleasing, natural-looking light. But what separates it from the pack most is the price: $60.
That price reflects the cost of the components, especially the top-notch chips, or diodes, that give off the light, and is the price commercial customers will pay. But the manufacturer, Netherlands-based Philips, is discounting it right away to $50 for consumers, and working on deals with electric utilities to discount it even further, by as much as $20 to $30.
This means the bulb will cost anywhere from $20 to $60, depending on where it's found. Online, consumers will be paying $50 for each bulb, because utilities don't subsidize online sales.
The bulb is the most energy-efficient yet, lasts about 20 years and is supposed to give off a pleasing, natural-looking light. But what separates it from the pack most is the price: $60.
That price reflects the cost of the components, especially the top-notch chips, or diodes, that give off the light, and is the price commercial customers will pay. But the manufacturer, Netherlands-based Philips, is discounting it right away to $50 for consumers, and working on deals with electric utilities to discount it even further, by as much as $20 to $30.
This means the bulb will cost anywhere from $20 to $60, depending on where it's found. Online, consumers will be paying $50 for each bulb, because utilities don't subsidize online sales.