CREE’s LED has set a new record for lighting efficiency

LED lighting leader Cree, Inc. (Nasdaq: CREE), delivers another industry first with a barrier-breaking 254 lumen-per-watt white R&D power LED. A standard incandescent light bulb produces 16 lumens per watt. In the near future expect to buy LED lamps that will use 6% of the electricity of the standard bulb. That means that a standard 60 watt bulb can be replaced with a 4 watt LED and produce the same amount of light. Lighting now uses 11% of the total energy used in our homes. So in a few years lighting will be low cost to use. Maybe more expensive to purchase the higher cost LED lamps, but it will save energy and money in the long run.