$10 bulb debuts at end of 2013.

More Affordable LED Bulbs (VIDEO)

By Nina Settappa

March 6, 2013 Updated Mar 6, 2013 at 9:18 AM EDT

UNDATED (www.incnow.tv) - Energy saving LEDs can cost as much as $60, but prices continue to drop.

According to consumer reports, Philips says it’ll debut a $10 LED light bulb by the end of the year that’ll replace a 60-watt incandescent light bulb. A 60-watt is the most commonly used light bulb.

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