The initial cost of LED lights can vary greatly depending on the type and quality of the bulb, ranging generally from $2 to $20 per bulb. This may seem high compared to traditional lighting options, but it's important to factor in long-term savings as well.

LED light bulbs: A cost comparison. At around $5 to $7 per bulb, LED lights are initially more of an investment than their incandescent equivalents—which go for around $2 to $3 per bulb. But, when you factor in energy costs, they're a better value in the long run.

Lighting accounts for around 15% of an average home's electricity use, and the average household saves about $225 in energy costs per year by using LED lighting. if you are still using incandescent light bulbs, switching to energy-efficient lighting is one of the fastest ways to cut your energy bills.