LEDs are lately able to offer superb results. Being pretty conservative in deciding what works and what not, I’ve tried to do some math.
I’m comparing NeoSol F3 520w to HPS 1000w because that is what manufacturer Illumitex states on the website as direct replacement.
Purchase price
520w Neosol … $1,325
1000w HPS (1000 Watt Double Ended (DE) 8" Hood Reflector Kit) … $290
Difference in price is $1,035
Costs of operation
Savings of using 520w instead of 1000w in 12/12 cycle during 365 days (so 4380 hours lights on) (I know I’m omitting some overhead that HPS has in power consumption)
4380*0.480 ~= 2100 kWh
Price of electricity is pretty high in Europe compared to US - about 18 US cents per kWh.
So total savings per year of using 520W Neosol instead of 1kW HPS is 378 USD.
1,035 / 378 ~= 2.74
=> It takes at least 2.74 years until I start to get any benefit of costs saving with Neosol. Pretty long period still…
Of course this case applies to cold parts of Europe, we’ve got problems with heat only 2-3 months in year (many times instead of adding Air Conditioning it is better to just switch off during hot summer). We usualy have lamps on in night when they can get more easily cooled by outside air. Also there is usually possibility to use waste heat from separate lamp circuit to heat another growroom, house or living areas.