Okay, here's my LED lighting story...
over the past 20 years, I'd made a transition from incandescent to CFL, where possible. I was always left wanting with the CFLs.. too dim at turn on, yucky colors, not dimmable, or at least not smoothly.
Costco broke the first price barrier with a LED lamp for under $20 (after $54 in state rebates) and I bought several after trying one out and being blown away by the halogen-like light quality. I did my dining room ceiling with those last year.
Here and there, I bought other types of LED E27 bulbs for other lamps in the house.
Then as my roof renovation neared completion, I decided I needed to have a 'lasts forever' lamp compliment on the soffets that would no longer be accessible once the scaffolding is removed. So I bought these Commercial Electric 65W equivalent for 11.5W of power used, LED lamp fixtures. They're sealed, so they stay clean inside. And they dim beautifully.. not even a tungsten filament could dim any better or smoother, all the way to 10% brightness.
For the yard lighting, I put in 1800 lumen daylight balanced motion sensing lights from Defiant. A single fixture lights up the yard as bright as my 175W merc vapour lamp when it's fully warmed up. And they only use 38W a fixture. And they're instant on at full brightness.
In the livingroom, I replaced ten 75W PAR floods in eyeball fixtures with EcoSmart 75W equivalent LED lamps that use 14W of power. They are brighter, and the light quality looks the same as the incandescent. None of that blue/green hue.
I also stopped using my fluorescent troffer lights in my studio/theater and use a few LED bulbs now to illuminate the room. My electric bill has consistently decreased by about $130/month since the change. Comparing month to month with last year's bills for the same months. Lighting was using many kilowatt hours a day Now for a hundred watts, I light the whole house.
LED lights have improved immensely, but you have to audition the light before you buy a particular brand. Some have better quality color rendering than others. Look for a CRI of 80 or better.