Well.... Yes and No. My electric bill last month was $36.55. I think it averages about that year round. Higher in the winter months and lower in the summer months due to lighting mainly. A 50% reduction would mean $18 per month for me. Yearly that would be $216. A nice amount. You could buy a new battery drill maybe. For me the main lights I use are the bathroom, kitchen (old light style), and living room (LED bulbs). Unfortunately the basement shop with the fluorescent wasteful lights are not used all that much each month. So they add $1 to the total bill. Or less. LED would save me 50 cents a month at most. It would take decades and decades to pay for LED in the basement. But if I replaced my kitchen and bathroom light bulbs with LED for $20-30-40, I could pay for them in three months or so. Savings, or reduction in power in this case, is important in the right circumstances. And unimportant in other places. The person who started this thread said he ran his new LED light in the storage room a total of 5 hours in one year. Paying more than double the cost of the cheapo unit (his words) to save 50% power consumption might not make much sense if you only save 10 cents of power each year. Spend money or use technology where it matters. Not where its foolish to do so.