I just got a couple of new LED shop lights to replace the old F40 T12s that were cranky and did not like to start.
The savings in power is significant if you had a lot of them. The LED is about 20 watts, the F40s are almost 110 watts. (19% of the power used for more light) It works out to 1.2 cents an hour per fixture Payback is somewhere around 3333 hours, minus whatever I spent on lamps.
8 hours a day for 416 days.I think it is a deal.