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Luminous efficacy can be normalized by the maximum possible luminous efficacy to a dimensionless quantity called luminous efficiency.The distinction between efficacy and efficiency is not always carefully maintained in published sources, so it is not uncommon to see "efficiencies" expressed in lumens per watt, or "efficacies" expressed as a percentage.
Efficiency: LEDs emit more lumens per watt than incandescent light bulbs. [63] The efficiency of LED lighting fixtures is not affected by shape and size, unlike fluorescent light bulbs or tubes. Size: LEDs can be very small (smaller than 2 mm 2 [64]) and are easily attached to printed circuit boards.
For example, the top bulbs listed in the 2016 Consumer Review have a CRI of 80. [3] In 2008, the U.S. Department of Energy created the L Prize to find an incandescent light bulb replacement that met efficiency metrics and had a CRI above 90. [4] On August 3, 2011, Philips was declared as the first winner of the L Prize. [5]
Some are put off by the higher cost of LEDs — about $4 for an LED bulb as compared to $1 for an incandescent — but considering that most of an incandescent bulb’s energy (90%) is wasted ...
White LEDs quickly matched and overtook the efficacy of standard incandescent lighting systems. In 2002, Lumileds made five-watt LEDs available with luminous efficacy of 18–22 lumens per watt (lm/W). For comparison, a conventional incandescent light bulb of 60–100 watts emits around 15 lm/W, and standard fluorescent lights emit up to 100 lm/W.
The light is not the same as a true black body, giving a different appearance to colors than an incandescent bulb. Color rendering quality is specified by the color rendering index (CRI), and as of 2019 is about 80 for many LED bulbs, and over 95 for more expensive high-CRI LED lighting (100 is the ideal value). [citation needed]