There are currently more than 3.5 billion light sockets in the United States. Seventy-one percent of light bulbs are conventional incandescent bulbs, 26% are fluorescent tubes and the 30% balances are LED lights. This landscape is changing rapidly because LEDs deliver the solution to our most pressing concerns: rising energy costs, environmentally-responsible energy-efficiency, energy consumption, greenhouse gas emissions, dependence on coal, foreign oil imports and global warming.

Consumers cannot help saving as a result of economic conditions that have not been this severe in about 80 years. The American public is also acutely aware as never before that conserving energy and global warming are concerns that demand immediate solutions.

One energy-efficient light bulb can last up to 20 times longer than an incandescent bulb using up to 90% less energy. Consequently, not only is this better custodianship of the environment but it also literally impacts how much money is saved. Lighting fees, which account for roughly 10% of total household energy costs, decrease, as do 20% for commercial entities.

If the 110 million U.S. households and accompanying 23 million commercial businesses replaced simply one incandescent bulb with an energy-efficient LED, the energy saving would power a city of up to four million people or take the equivalent of 2.6 million cars off our highways. The average home has 30 light bulb sockets and the average commercial site 65.

Because LED lighting produces significantly less heat, it is much more efficient. LED light is 90% more efficient than incandescent and 50% more than CFLs, making LED light 10 times more efficient than incandescent bulbs. This explains why a 2 to 4-watt LED light creates the same amount of light as a 60-watt incandescent bulb.

LED sales have seen a considerable growth during the last three years while only as far back as 2004, there were virtually none. In 2007 alone, 8 million LEDs were sold. Industry insiders forecast that the LED market will increase at 5 to 10 times the rate with 40 to 90 million in annual unit sales during the next 2 to 5 years. It is anticipated that at least 9% of the total market will be using LEDs by 2012.