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How do CFLs and incandescent bulbs compare in terms of electricity consumption?

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How do CFLs and incandescent bulbs compare in terms of electricity consumption?

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On average, CFLs require about 75 percent less electricity than an incandescent bulb of similar light output. For example, a 60 watt incandescent bulb can be replaced by a 15 watt CFL. So for every hour of operation, the CFL uses 45 fewer watts of electricity. Assuming an average Kilowatt/hour cost of $.10, each CFL will save a homeowner an average of $45 over the life of the CFL.

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