LEDs, in comparison to incandescent and halogen lamps, provide a large reduction in energy consumption, the reason being the direct conversion from energy into light energy with minimal loss. LEDs convert approx. 70% of energy into light, whereas standard lamps only convert approx. 10-20%. It is therefore possible to safe up to 90% on energy costs. Also, with 50,000 hours the lifespan of LEDs is far higher than that of incandescent and halogen lamps.