Seems sort of backwards at times but right now it makes sense to spend money to save money. How? Currently in Ontario, Hydro One Networks is sending out coupons on a bunch of electricity saving items. The offer is in conjunction with Canadian Tire and can save you up to $30 off the initial cost of a number of energy saving items.
Spend money to save money. It really does seem strange but once you look at something like LED Christmas lights, it very quickly makes sense. A string of 70 Noma LED lights runs between $12.99 and $19.99 right now (depends on the colour of the LED) but the cost of running them is almost $0. According to the information on the box, 600 LED lights will cost only $0.45 to run for a typical Christmas season (at $0.12/kwh). The C7 incandescents can run up to $35 for the same number of lights and the same period.
Considering the LEDs are supposed to last up to 200,000 hours, that’s a whole lot of money you can save. Spend money to save money is really starting to make sense now.