$60 Light Bulb Debuts On Earth Day

theodp writes "How much would you pay for an amazing light bulb? On Sunday — Earth Day — Philips' $60 LED light bulb goes on sale at Home Depot and other outlets. The bulb, which lasts 20 years, won a $10 million DOE contest that stipulated the winning bulb should cost consumers $22 in its first year on the market. Ed Crawford, the head of Philips' U.S. lighting division, said it was always part of the plan to have utility rebates bring the price down to the $22 range."