I pay 25 cents per Kilowatt.
Very highly motivated to LED as my wife challenges me about my power bill.
Thanks for the link CASP. Am looking at the 200 watt Diamond Series LEDs - Extreme 3w LED Technology but $545 is still a big chunk of change but if it works could pay for itself in just a few grows.
Haha don't give me credit for the link, that was another fellow on my thread, I don't know much about those models as my only experience thus far has been with the Mags.
It is true though that all the LEDs that actually produce anything significant come with a pretty high price tag. Some people will say HID is better because it is cheaper and is proven. However HID does come with a lot of extra work to have proper ventilation, heat management and space confines.
The way I look at it, one way or another I will need to acquire my medicine somehow and if I was to buy the amount that I just produced I would be looking at over a $1000. So on my very first grow I ended up putting up about $1000 in equipment (Magnum, Tent,
Promix, Nutes, accessories) and ended up with a little over $1000 worth of medicine. So I got the $1000 worth of medicine I would have paid for anyway and now I have a whole setup for more or less free to keep producing.
I understand peoples reluctance to spend so much money, but sit there for a second and think about how much money you have spent over the years on the medicine itself. For me getting this setup together was a small spec in my cash pool compared to how much I have spent on the meds.
I would say for any light, LED or not, the financial risk is minimal as long as the light can produce something cause sooner or later you will move into the plus. It only took one grow with the Mag for me to break even. I was skeptical at first but now everything going forward is free minus a tiny hit for replenishing Nutes and Mediums.
My only question is, WHY THE $#*& DIDN'T I DO THIS SOONER!