Electricity costs money and it is not getting any cheaper. For this reason alone, upgrading to energy efficient lighting – light emitting diodes (LEDs) or compact fluorescent lights (CFLs) – makes good economic sense. Upgrading in this manner will immediately save you money on your monthly utility bill and may will eventually pay for the upgrade in the long term. In addition, having an energy efficient home is good for the environment as most electricity is still produced with non-renewable resources. In short, the use of energy efficient lighting in your home is a win-win situation for both you and the environment.