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This Blog Post is Worth $150

10 November 2007 1 views 5 Comments

BulbHow would you like an extra $150?

Would you find a use for it? Dinner out, maybe, or a decent gift for someone you care about?

Here is how to get $150. Replace every incandescent lightbulb in your home, apartment, or dorm room with a compact fluorescent light bulb. Every single one of them.

In a standard apartment with 10 bulbs @ 75 watts each, assuming 16 cents per kilowatt hour, switching out all the bulbs with a 13 watt compact fluorescent will save 905 kilowatt hours per year. That is $148.53 per year that you can take off your electric bill and put back in your wallet.

Oh, and you’ll be doing the environment a huge favor, too, but this is a financial blog, so the focus is on savings. More money in your pocket. Each bulb will pay for itself in about 4 months, and last on average about 4 years. Figure out your savings with this calculator.

Help the environment, reduce waste, and put a Benjamin and a couple of Jacksons in your pocket. What’s not to love?

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5 Comments »

  • Bryce Moore said:

    Another point to note: make sure when the CFL does eventually die that you do not just throw them in the trash. CFL’s contain a non-trivial amount of mercury and therefore should be routed to a proper recycling center rather than disposing of them in a landfill.

    # 10 November 2007 at 2:18 pm
  • financialaidpodcast said:

    Brad – what I did was simply put all the old ones in a box in the basement, in case a bulb went out – I have lots of short term spares!

    # 10 November 2007 at 12:22 pm
  • Brad Martin said:

    Good advice, but should you wait until your old ones burn out or bite the bullet and do them all at once? I’m sure there’s a trade-off on cost in there somewhere.

    # 10 November 2007 at 10:00 am
  • Phillip Zannini said:

    Yuppers – great advice indeed. Saw this on a show on HGTV, Ed Bagley (I think) goes around greening up all his Holllywood buddies houses. They went over the cost of the bulbs and energy – I couldn’t believe it! Good get Mr. Penn!

    # 10 November 2007 at 9:38 am
  • C.C. Chapman said:

    Great advice indeed.

    Before we put our house on the market we went around and changed all the bulbs in the house over. Figured we’d be doing the next owners a favor AND we felt good about it knowing that we were doing our little part for the greater good.

    # 10 November 2007 at 9:23 am

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