MMC
03-10-2012, 08:27 AM
The winner of a $10 million government contest to develop a super-efficient light bulb is here. But will anybody want it?
The Obama administration announced last year that it would award $10 million to the company that could create a light bulb that was both eco-friendly and affordable. The winning LED bulb, made by Philips, is about to hit (http://www.washingtonpost.com/business/economy/government-subsidized-green-light-bulb-carries-costly-price-tag/2012/03/07/gIQAFxOD0R_story.html?hpid=z) the market. There's only one problem: It costs $50. The price of your standard incandescent bulb, on the other hand, hovers in the $1 region. The $10 million award, dubbed the L Prize, is part of the government's plan to phase out all energy-wasting incandescent bulbs over the next several years. But could Obama's $50 light bulb possibly be worth its price?
Either way, the Obama administration shouldn't be involved: "Ah yes, who knows more about efficiency than the federal government?" asks Don Surber at The Charleston Daily Mail (http://blogs.dailymail.com/donsurber/archives/52659). Government prizes aren't the way to encourage energy-efficient light bulbs. "One would think the marketplace would take care of that.".....snip~
http://news.yahoo.com/obamas-50-light-bulb-too-pricey-161000910.html
50 dollars and it will save the average homeowner over a hundred dollars in savings in a decade :huh: More free money. Probably took them 75 cents to make. Wonder what Obama's cut is? Erm I mean donation! :wink:
Methinks the candle and torch buisness is going to make a guest appearance real soon like. Might be worth the investment. :laugh:
The Obama administration announced last year that it would award $10 million to the company that could create a light bulb that was both eco-friendly and affordable. The winning LED bulb, made by Philips, is about to hit (http://www.washingtonpost.com/business/economy/government-subsidized-green-light-bulb-carries-costly-price-tag/2012/03/07/gIQAFxOD0R_story.html?hpid=z) the market. There's only one problem: It costs $50. The price of your standard incandescent bulb, on the other hand, hovers in the $1 region. The $10 million award, dubbed the L Prize, is part of the government's plan to phase out all energy-wasting incandescent bulbs over the next several years. But could Obama's $50 light bulb possibly be worth its price?
Either way, the Obama administration shouldn't be involved: "Ah yes, who knows more about efficiency than the federal government?" asks Don Surber at The Charleston Daily Mail (http://blogs.dailymail.com/donsurber/archives/52659). Government prizes aren't the way to encourage energy-efficient light bulbs. "One would think the marketplace would take care of that.".....snip~
http://news.yahoo.com/obamas-50-light-bulb-too-pricey-161000910.html
50 dollars and it will save the average homeowner over a hundred dollars in savings in a decade :huh: More free money. Probably took them 75 cents to make. Wonder what Obama's cut is? Erm I mean donation! :wink:
Methinks the candle and torch buisness is going to make a guest appearance real soon like. Might be worth the investment. :laugh: