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Via Mother Nature Network

Even though some LED (or light-emitting diode) light bulbs boast lifespans that last decades while consuming minimal energy compared to old school incandescent bulbs, their price — often hovering around the $40 mark — has remained a sticking point with many consumers. Sure, the savings in the long run are remarkable, but who really wants to spend more than $20 on a single light bulb?

Well, meet the latest creation from the geniuses over at Lighting Science Group: an omnidirectional, 60-watt equivalent A19 LED bulb with a sticker price of $15 or less. That’s right, folks — a $15 LED.

Developed in cooperation with Indian electronics manufacturing giant Dixon Technologies, this low-priced, high-performance bulb with a lifespan of around eight years will initially be released in India later this year before making its way stateside and elsewhere in early 2012. The revolutionary bulb is designed to consume 85 percent less energy than standard 60-watt incandescents and 35 percent less energy than CLFs.
Article courtesy mnn.com