LED bulbs have outstanding longevity. Take the a PAR30 shape light bulb for example:
Life @ 2,500 hrs. a year
Life @ 1,500 hrs. a year
PAR 30 Halogen
PAR 30 CFL
PAR 30 LED
25, 000 hrs.
How does taking a break from changing light bulbs for the next 10–25 years sound?
LED maintenance savings come in two flavors; material and labor cost. Over the life of an LED bulb (or the term of your lease), you would otherwise be spending time & money on buying replacement bulbs, back-up stock, and either taking your time and effort or paying someone to install them – which can get expensive, and not to mention… annoying.
Maintenance savings can vary widely per customer, but let’s imagine an example:
You have a store with (50) PAR30 halogens and are buying $6 bulbs that last 1,500 hours each. To match the longevity of one 25,000 hour LED, you would need to purchase 16 halogen bulbs for a total cost of $96 per socket, or $4,800 across all (50) bulbs. Let’s assume you pay an employee $20/hr. and it takes them 10 minutes to change a bulb (they have to find or perhaps order a bulb, get the ladder, change the bulb, and put the ladder away). Over the 16 halogen bulbs it takes to match the life of one LED, your employee will spend a total of 2.7 hours changing bulbs, which costs you $53 in labor per socket, or $2,667 over all (50) bulbs. So, upgrading to LEDs will produce, in this example, $7,467 in maintenance cost savings over their lifetime. This is quite a bonus.