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Actually LED lighting is one of our current projects with a client. That's what I SHOULD be doing right now instead of reading this board.
Here's the deal. CF bulbs suck. LED bulbs will EVENTUALLY win out. The problem is the type of wiring we have in our homes. BOTH technologies would benefit from DC distribution of power internal to the house. Trying to power a 6 or 10 Volt string of LEDs from AC line mains means that you have to have a "complicated" switching power supply in EVERY bulb! Clearly, a better scheme would be to centralize the AC/DC conversion and make simpler "bulbs" which have only the basic LEDs. Also would help to have DC wiring to incorporate power gained thru local wind/solar generation..
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