I was walking the aisles of Home Depot when I happened upon a screaming deal for the L Prize winning LED light bulb by Philips. This is the bulb, you may recall, that caused a national fuss over the reported price tag of $60. Turns out you can get the same bulb just five months later for the more reasonable price tag of $40 at Home Depot right now.
I’m sure by now you’ve read some of the political talk circulating the web as a result of a recent article by The Washington Post about the Philips LED bulb that won the L Prize and $10 million. The contest was meant to spur lighting innovation and make LEDs more affordable, but readers noted the bulb’s unrebated MSRP of $50 and basically flipped out.
Even Energy Secretary Chu commented on the price: “Nobody expects to pay $50 for a light bulb and quite candidly, if you’re filling your house with light bulbs like that, they should be part of your will,” according to Andrew Restuccia of The Hill.