Rebates to cut price of $60 LED bulb

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Rebates to cut price of LED bulb

This product image provided by Philips shows a state-of-the-art LED light bulb. The bulb is the most energy-efficient yet, lasts about 20 years and is supposed to give off a pleasing, natural-looking light. But what separates it from the pack most is the price tag: $ 60. (AP Photo/Philips)How much would you pay for an amazing, state-of-the-art light bulb? Shoppers will be asking themselves that very question at Home Depot and other outlets starting Sunday —Earth Day— when the bulb that won a $ 10 million government contest goes on sale.