June 11, 2012
PNM Offers Limited-Time $10 Discount on LED Lights
Albuquerque:Now through July 31, PNM is offering a $10 in-store discount at all Home Depot stores on two different ENERGY STAR-qualified LED (light emitting diode) bulbs, the Philips 12-watt ambient LED 60-watt replacement soft-white light and the Philips Ambient LED 12-watt flood light bulb.
The LED discount expands the PNM lighting discount program, which provides in-store discounts on nine styles of CFLs (compact fluorescent lamps).
"Our discount will help customers who want to try this relatively new technology, and help make even more options available to customers when it comes to efficient lighting," said PNM Energy Efficiency Program Senior Developer Emma van Moorsel.
A 12-watt LED uses approximately 80 percent less energy than an equivalent incandescent bulb, so LEDs cost less to use, but they are expensive to buy, said van Moorsel. The Philips 12-watt retails for $14.97 and the Philips 12-watt flood light retails for $27.97 per bulb at Home Depot after the PNM discount. However, each bulb can save customers $5.85 per year in energy costs over an incandescent bulb when used for three hours per day, she said.
"From a cost standpoint, CFLs are still your best bet," said Van Moorsel. LEDs are only slightly more energy-efficient than CFLs, which can cost as little as $0.49 per 13-watt bulb with the in-store PNM summer discount at Home Depot and many other retailers. Incandescent bulbs are the least efficient – and most expensive – bulbs to use.
Learn more about more PNM lighting discounts at PNM.com/rebates. For more information about LEDs, visit energystar.gov.
New Mexico Home Depot store locations
With headquarters in Albuquerque, PNM is the largest electricity provider in New Mexico, serving 500,000 customers in dozens of communities across the state. PNM is a subsidiary of PNM Resources, an energy holding company also headquartered in Albuquerque. For more information, visit PNM.com.