In the current financial and environmental climate, it is getting to the stage where homeowners must be more careful on how and where they spend their money.

There are of course many ways to save money around the house.

From the traditional tactic of turning the thermostat down a degree (saving £65 and 260kg of carbon dioxide per year), to the new ways, such as investing in light-emitting diodes (otherwise known as LEDs).

But what are LEDs?

LEDs use a different type of way to produce light from traditional light bulbs. The diodes within the light represent simple solid state devices that allow the electricity to flow in one direction only; the diode therefore emits light as the light flows through it.

Although LEDs have been around since the 1960sm it has only been until relatively recently that they have started to appear in our homes. Although LEDs can sometimes be more expensive than conventional lighting, they can save you money, help protect the environment and are recommended by the Energy Saving Trust.

So how much can you save?

For example, if you buy a GU10-SHORT Spotlight bulb, use it for 12 hours a day, for seven days a week, you will be looking at an annual saving of £20.73; on one light bulb.

Bearing in mind that the average bulb costs just under £10, the bulb itself will pay for itself in roughly 5 months and offer you a lifetime saving of £189.84.

GU10 LED Bulbs from TE Energy are just one of the great LED lighting options available for your home.

And how good are they for the environment?

Not only will LED lights save you money, but they shall also improve your energy efficiency. Whereas conventional light bulbs use only 20 per cent of their energy to produce light, you can find in LEDs, this statistic reversed.

One of the reasons that the bulbs save you so much money is down to the fact that the average LED light will operate at an 80 to 90 per cent efficiency rate.

With conventional bulbs you will find that they lose 80 per cent of their energy through the heat that they produce.

This isn’t the only environmental benefit to LEDs however, as in reality, there are quite a few.

Another reason why they are so popular is due to the fact that they live far longer than conventional bulbs and are able to survive up to 100,000 hours; a total of 11 years of operation.

Conventional light bulbs only offer lifespans roughly spanning 5000 hours – offering a stark contrast.

In addition to this, LED lights come free of any toxic chemicals. Whereas fluorescent light bulbs contain many toxic chemicals including mercury, LEDs do not contain any, and are fully recyclable.

In fact, if you were to fully kit your house out with LED light bulbs, you could actually reduce your carbon footprint by up to one third.