For years, research has circulated that LED lights are more energy-efficient and better for the environment. But can these light bulbs really save you money?

You should strongly consider swapping out your traditional light bulbs for LED light bulbs to save money on your electricity bill.

LEDs, or light-emitting diodes, use semiconductors to convert energy into light. When they were first released, LEDs were expensive and had short lifespans. Now, they last much longer than traditional light bulbs and use up to 90% less energy.

In fact, traditional light bulbs can cost significantly more over time. A study found that a household with 20 conventional light bulbs could save around $1,000 over ten years by switching to LED lights. Additionally, LED light bulbs can last up to ten years, while traditional light bulbs have an estimated lifespan of only one or two years.

LED lights are cost-efficient and versatile. Whether you’re looking to upgrade the lighting in your home or find cool lights for your Christmas tree, switching to LED lights is one of the best ways to trim down your electricity bill.

While shopping for the best LED light bulbs, determine the wattage you need and the lighting temperature you’d like for your environment.

If you’re looking to further cut down your electricity bill, you can also consider unplugging your appliances or disconnecting your electronics to save some money.