Quantum Windbag
Gold Member
- May 9, 2010
- 58,308
- 5,099
- 245
The government held a contest to build an affordable green light bulb. I know some people who make pretty good money, but I don't know anyone who thinks $50 for a light bulb is affordable.
Government-subsidized green light bulb carries costly price tag - The Washington Post
The U.S. government last year announced a $10 million award, dubbed the L Prize, for any manufacturer that could create a green but affordable light bulb.
Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs, known as LEDs, at prices affordable for American families. There was also a Buy America component. Portions of the bulb would have to be made in the United States.
Now the winning bulb is on the market.
The price is $50.
Retailers said the bulb, made by Philips, is likely to be too pricey to have broad appeal. Similar LED bulbs are less than half the cost.
Government-subsidized green light bulb carries costly price tag - The Washington Post