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Hi Joan,
They say switching bulbs can save you money on your electrical bills but I haven't tried it myself. I think for it to have enough of an impact on the bill - all lights in the home should be switched to energy saving ones.
Now, this also leads one to think of other additional ways to save electricity; such as swapping out the "old" water heater for a newer system, replacing older appliances (microwaves, refridgerators, dish washers), AC thermostat control, etc. The numbers really need to be run to see if it justifies the upgrades.
-Keith