The retailer is selling a less expensive 60-watt LED bulb, but some worry that cheaper bulbs will underwhelm consumers.
Holding out on trying an LED light bulb until the price comes down? Best Buy is waiting for you.
The Richfield-based electronics retailer quietly introduced 40- and 60-watt equivalent LED bulbs late last year for $15 and $18, but a subsidy from Xcel Energy will drop the prices to $9.99 and $10.49 in most Twin Cities stores starting Sunday.
“Our goal was to sell LED bulbs for under $10,” said Mike Dahnert, global product manager at Best Buy. “We think that’s the magic price point.”
In 2012, Best Buy entered into a license agreement with local inventor Dave Carroll to sell his now patented bulb that looks like an incandescent. Like many retailers, the company initially climbed aboard the LED bandwagon because the bulbs offer a longer life span of 10 to 20 years and energy savings of 70 to 80 percent. Once retail prices sank below $20 per bulb, more jumped on.
Best Buy, which sells the bulbs under its private-label Insignia brand, waited to market the bulbs until they qualified for Energy Star designation and utility subsidies. With both in hand, the company will soon begin promoting the bulbs more aggressively, Dahnert said.
The move comes at a time when the LED market could use a ray of hope. In 2012, LED made up only 2.5 percent of lighting products sold, including residential, municipal and commercial sources, according to the Department of Energy (DOE). Since LED came on the mass market in 2009, consumers have had concerns about cost and quality, said James Brodrick, lighting program manager of the Building Technologies Office at the DOE. “They’re hesitant to try something new,” he said.
Blame the compact fluorescent. Despite massive PR campaigns from utilities about CFLs’ energy savings that started around 2005, consumers were turned off by the bulbs’ hazardous materials and overstated life spans. Their cool blue light, slow warm-up, and “pig tail” shape also failed to spark consumers’ interest.
“CFLs’ success never materialized because they didn’t deliver what consumers wanted — good color, long life and dimmability,” said Michael Siminovitch, director of the California Lighting Technology Center at the University of California, Davis. “We learned that people buy service, not energy savings.”
The fact that the LED market is already growing faster than compact fluorescents is a sign that the lighting industry isn’t repeating that mistake. With better technology, more manufacturers and prices falling into the $10 range, LED is poised to bring about the biggest change in lighting technology since the 1940s, Brodrick said.
But some insiders are careful not to get overconfident. Too many LED bulbs of questionable quality are still being sold, said Niral Patel, president and owner of Solus LED in St. Louis Park, a lighting efficiency consultant and commercial supplier of LED products. “You get what you pay for,” he said.
Siminovitch thinks putting the emphasis on price is a race to the bottom. It could mean compromises on color quality, consistency, dimmability and humming issues, he said. Even worse, safety. Earlier this year, 550,000 LED bulbs sold under Definity, EcoSmart, Sylvania and Westinghouse brands were recalled for a possible fire risk.
Online reviewers of many LED bulbs confirm quality concerns. Some reviewers of the Insignia bulbs at BestBuy.com have commented online about humming or flickering when the bulbs are dimmed.
“We’re aware of it and we have some solutions in the works,” Dahnert said. The Insignia bulbs come with a 10-year, no-questions-asked warranty.
Admittedly, today’s LEDs don’t dim as well as incandescents, but that should improve in the next year, Siminovitch said. Until then, consumers should return the ones that dim poorly or consider replacing older, standard dimmer switches with those made for LEDs.
Consumers can’t avoid all issues just by buying higher-priced LED bulbs, said Celia Kuperszmid Lehrman, deputy home editor at Consumer Reports. There are good and bad bulbs at $13 to $15, but spending $20 to $25 is no guarantee of getting a good bulb either, she said.
That’s frustrating for consumers. When people bought incandescents, they couldn’t make a mistake, said Kuperszmid Lehrman. “Buying LED, they can.”
That requires a different mind-set than the days of mindlessly choosing a bulb off the shelf. Consumers need to change their frame of thinking when buying LED. “It’s more like buying a microwave than a coffee filter,” Brodrick said. “You’re going to have this bulb for 10 years or so.”
4 billion bulbs