Would you buy a $60 light bulb?

AGAWAM, Mass. (WWLP) - Despite an effort to phase them out, you can still buy old incandescent light bulbs at a very low price. Many of us have made the switch to the more expensive but energy-efficient compact fluorescent bulbs (CFL’s). But now, there is an even more energy efficient bulb and you can get it starting this Sunday, Earth Day.

The new LED bulb from Philips has a lifetime of 20 years, but the price tag might just keep you from replacing all the bulbs in your house all at once.

The LED bulbs will cost about $1.20 year to run; that's more than 20% less than the squiggly compact fluorescent bulbs.

Plus, the new bulbs also don't contain the toxic mercury vapor inside them that the CFL’s do, which can create a hazard when they break. The new bulbs are also said to give off a more pleasing, natural-looking light.

They may cost you less to run, but they will cost you more to buy; anywhere between $20 and $60 depending on where you buy them and what rebates you get.

So would you buy a light bulb that cost that much? Constance Bennett of Agawam isn’t so sure she would.

“I guess if I had proof that it worked and it did last me 20 years it probably would be a good investment. For right now, I have a lot of economical problems. I don't think right now I could afford to,” Bennett said.

Jim Johnson of West Springfield said that if he were to switch to these bulbs, he would have to do it gradually.

 “Well if it's going to last 20 years it would be something I would consider, yes, but it'd be something I'd have to phase in over a period of time. One bulb at a time. When one bulb dies in the house change that and wait until another goes and make another purchase,” Johnson said.