Many would dispute that 25% figure, but for the sake of discussion, I'll go with that. Let's take a 600w HPS, which is probably the most popular HID wattage, and compare to an LED build. You can put a QB or strip build together for less than $1/watt. But let's be conservative and say our 450 watt LED build cost $500. Let's be generous and say you got into a 600w HID setup for $150, including ballast, reflector, and whatever cheap bulb you please (increase the cost if you're planning to run something higher-end). So at this point, the HID system costs about a third as much as the LED fixture. Now factor in that 25% energy savings figure, and add to that bulb replacement cost - what would you consider a fair estimate for bulb costs over the course of a year? I know many growers run their lamps until they see a noticeable drop-off in brightness, but at that point you've lost a lot of juice and won't be performing anywhere near optimum. How often do you change bulbs, and how much do you spend on each?