The Associated Press reports that the Phillips LED light bulb that won the government’s L Prize—a $10 million contest to replace the traditional incandescent bulb—will go on sale as of Earth Day with a full retail price of $60. Yes, that’s $60 per bulb, not $60 for an entire house full of bulbs.
Don’t rev your engines in celebration just yet. But even though Memorial Day is several weeks off, and even though gas prices tend to rise through the onset of summer, some experts are saying that prices at the pump have already soared as high as they will, at least through the near future.
As of March 1, 14 states began offering rebates for consumers purchasing energy-efficient appliances—for example, up to $500 back for refrigerators in Iowa. Next month, 23 more states step up with energy-efficient stimulus packages of their own.
