LED Street Light Costs $99, Uses 65% Less Energy

Cree says its new XSPR LED residential street light consumes 65 percent less energy than high-pressure sodium fixtures up to 100 watts. At an initial cost as low as $99 for common applications, the street light can deliver payback in less than one year for municipalities and cities. The payback is calculated against high-pressure sodium and based on municipal usage of 12 hours per-day and the national average of $0.11 per kWh electric costs.

The 25-watt and 42-watt XSPR street light is designed to replace up to 100-watt high-pressure sodium street lights.

According to Dan Howe, assistant city manager for the City of Raleigh, NC, street lighting is the city’s largest single energy-related cost.

New York City is replacing all its streetlights, about 300,000 bulbs, with LEDs and expects to complete the project by 2019, resulting in a 35 percent decrease in energy consumption for streetlights.