Suppose a typical 60-watt incandescent light bulb costs $0.51 and lasts 900 hours...
Does it make financial sense... Suppose a typical 60-watt incandescent light bulb costs $0.55 and lasts 800 hours. A 15-watt CFL, which provides the same light, costs $3.45 and lasts for 9,900 hours. A kilowatt-hour of electricity costs $0.117. A kilowatt-hour is 1,000 watts for 1 hour. You require a 17 percent return and use a light fixture 450 hours per year. Suppose you have a residence with a lot of incandescent bulbs that are used on average 450 hours a year. The average bulb will be about halfway through its life, so it will have 450 hours remaining (and you can't tell which bulbs are older or newer).
At what cost per kilowatt-hour does it make sense to replace your incandescent bulbs today?