re: Remember when they told us LED bulbs would last 20 years?

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The LED light will, the circuit control board however, will not.

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This. Incandescent lamps are highly efficient. The portion of a residential power bill that comes from lights is very small regardless of the type of lamps being used. Incandescent lamps can also last a long time. There is one somewhere in a lab that has been burning non-stop for 100 years. They were the first consumer product intentionally designed to fail...its called the lightbulb cartel. Pretty interesting story.

LEDs will last almost forever. The driver is being intentionally designed to fail and as they become more and more prevalent they will fail with less and less time. By design. There were incandescent lamps which would last longer that LEDs today which used to be readily available. a 100 watt 240 volt incandescent lamp, again readily available up until just a few years ago, drew the same amount of current as a 50 watt 120 volt lamp and had a life expectancy of about 20000 hours. Thats about 10 hours a day for 5 years. They cost about twice what a budget 100 watt 120 volt incandescent cost. You can still get them but they are harder and harder to find and of course more expensive. LED Lamps are the worst idea to come along since herpes.