DOE: LED installations grew 160% in 2015, cost fell 94% since 2008

Nov. 3, 2016
The report said LED A-type bulb costs have dropped by 94% since 2008. Projections show that increased installations could save Americans nearly $630 billion in avoided energy costs between now and 2035.

Total installation of LED A-type bulbs exceeded 200 million in 2015 — growing 160% over 2014, according to a new report from the U.S. Department of Energy titled “Revolution Now 2016.” The report said LED A-type bulb costs have dropped by 94% since 2008. Projections show that increased installations could save Americans nearly $630 billion in avoided energy costs between now and 2035. The report said LEDs’ advance “is a direct result of government-industry research and development (R&D) investments to bring down costs, improve efficiency and performance, and foster domestic manufacturing of LED lighting components and products.”