LED light fixtures do NOT "last a lifetime". Just replaced a LED rear brake assembly out of a 2004 Prius because half of the LEDs were burned out. $400. 130,000 miles at 25mph average = 5200 hours. Should have gone 50,000 hours. Did not.
I have noticed that CFL bulbs in the house also only last a fraction of the advertised time.
i had 2 of the 4 led's in my chevy express work van burn out .....less hours than yours had. instead of replacing $2 lamp, i had to remove the entire dash assembly and ship to repair facility in Michigan. After $250.00 repair and shipping, my so called 50,000 hour (ya right) dash is repaired. ya, im real fond of LED's
right now, youll NEVER recover the extra expense you spent for the light in energy or bulb replacement fees. never
once the prices drop, than maybe.
heres another example. One of my customers asked me to install 2 explosion proof light fixtures in their gas storage facility. A standard 300 watt explosion proof light runs aprox $450.00. An exact copy, but in LED runs $1,875.00. How can they justify this difference ...its a circuit board and power unit for criminy sakes. I bet you know what light my client opted for.
At $0.05 per KWH they would have to burn them 24/7 for about 10 years. and since there only used about 10 hours a month (on average according to them) it would be calculated as such
10 hrs per month x 600 watts = 6,000 watts. or 6 KW. at $0.5/KW this equils $0.30/month in electrical costs
the difference between LED and incandescent is @ 2,850.00 (for 2 lights) divided by $0.30/month =
take 9,500 months (791 years) to pay for itself.
makes sense to me