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Walmart launches affordable LED lighting line in the U.S., while IKEA offers solar kits in the U.K.
October 2, 2013
Walmart launches affordable LED lighting line in the U.S., while IKEA offers solar kits in the U.K.
Walmart announced that it is introducing its Great Value line of super efficient LED light bulbs for under $10 in its U.S. stores and online. The array of products includes 26 different types of bulbs, with the least expensive ? a non-dimmable 60-watt equivalent ? selling for $8.88, and the dimmable version for just a dollar more. LEDs have enormous advantages over traditional incandescent bulbs in that they consume only 20% of the energy and last as much as 25 times longer.
Meanwhile, IKEA just announced a plan to sell 3.36 kW solar photovoltaic kits in all ten of its UK stores for the U.S. equivalent of $9,200. IKEA will also offer a leasing option.
These announcements highlight a broad trend occurring: the mainstreaming and reduction in price of once costly technologies when they get to scale. LED costs have fallen as Walmart used to offer 60-watt equivalent LEDs for around $20. Meanwhile solar costs have declined as well ? over 605% in the past 18 months.
Read more at Forbes.
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