A new generation of light bulb is going to be on sale on Sunday. The bulb is said to last for 20 years and it is more energy efficient than an incandescent light bulb.

Created by Dutch electronics Philips, the light bulb swaps filaments for light-emitting diodes to produce lighting.

Utilizing Light emitting diodes  or LEDs endows light with an extended life as well as a serious selling price. The initial variants are going to sell for $60.

Philips has set up special discounts with retailers that could offer the light bulb which means some could purchase it . . . → Read More: Philips Sells $60 LED Bulbs in the US