No rebate? No problem - Philips sets new standard for 60-watt LED pricing with bulb under $5 for Earth Day
April 21 2015 - 9:00AM
Business Wire
With limited-time, two-for-one offer, shatter-resistant
Philips LED allows consumers to enjoy energy savings of LED
technology without utility rebates
Philips (NYSE: PHG; AEX: PHIA), the global leader in lighting,
has once again partnered with The Home Depot to set the standard
for LED bulb affordability with the new Philips LED family of
products. The Philips LED A19 product line will be introduced with
a 60-watt LED equivalent bulb that costs just $4.97 without utility
rebates, making it the most affordable 60-watt LED bulb on the
market. The Philips LED bulb uses just 8.5 watts of power and as an
added bonus for consumers, the bulb will be introduced at The Home
Depot at the beginning of May in a two-for-one pack for the first
90 days, or while supplies last, and is available online now at
www.homedepot.com.
Latest Philips 60-watt LED bulb
introduced in a two-pack for just $4.97. (Photo: Business Wire)
While energy-efficient LEDs have become more affordable, the
typical American home has more than 50 sockets, prompting consumers
to use the technology in more trafficked areas of the home such as
living rooms, kitchens and bedrooms. With the introduction of the
Philips LED bulb and its new price point, consumers can use LEDs in
more areas of the home such as hallways, closets and laundry rooms.
Moreover, the Philips LED bulb offers a shatter-resistant design
that makes it more attractive than other, less durable bulbs.
“We continue to look for ways to bring the latest innovation at
great prices, and the new Philips LED A19 is an example of that,”
said Joey Corona, Light Bulb Merchant, The Home Depot. “This price
brings all the benefits of LED in a great quality bulb to a level
everyone can afford and benefit from.”
Over the 10-year life of a Philips LED, the 60-watt equivalent
will cost just $1.02 per year to run, saving $62 over the life of
the bulb, as compared to a traditional incandescent. In addition to
a 60-watt equivalent that is available in a 2700k warm white and
puts out 800 lumens, the bulb will be available in 60-watt daylight
5000k, and 100-watt A19 LED equivalents. Unlike other 100-watt LED
bulbs which are a larger A21 size, the new Philips LED bulb
100-watt is a true A19 equivalent.
“From the introduction of SlimStyle to our premium offerings
that dim with a warm, familiar glow and this latest offering,
Philips has continued to innovate and drive affordability and
choice in the consumer LED market,” said Amy Huntington, president
of Philips Lighting Americas. “However, we also understand that
quality LEDs should not be a luxury or something that only those
that live in areas with robust utility rebate programs can afford.
With this bulb, consumers have a quality, day-to-day option for any
area in their home that is as good for their wallet as it is for
the environment.”
The latest Philips LED bulb joins an industry leading portfolio
that includes Philips Hue, the world’s leading connected lighting
system for the home. From the innovative design of SlimStyle to the
optics of Clear Bulb with DiamondSpark, Philips has been at the
forefront of LED technology, offering the most advanced and
broadest range of bulbs on the market to suit any design aesthetic.
With superior light quality and supporting the most popular fixture
types, Philips LED products continue to usher in a new era in
lighting.
About Royal Philips:
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and
well-being company, focused on improving people’s lives through
meaningful innovation in the areas of Healthcare, Consumer
Lifestyle and Lighting. Headquartered in the Netherlands, Philips
posted 2014 sales of EUR 21.4 billion and employs approximately
105,000 employees with sales and services in more than 100
countries. The company is a leader in cardiac care, acute care and
home healthcare, energy efficient lighting solutions and new
lighting applications, as well as male shaving and grooming and
oral healthcare. News from Philips is located at
www.philips.com/newscenter.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150421005832/en/
For further information, please contact:Philips North
AmericaSilvie Casanova,
1-978-659-7467Silvie.Casanova@Philips.com
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