The cost difference can be substantial. When I switched from MH/T5 a few years ago, I went from 3 250wMH +4 T5 to 6 black boxes. Electric bill went down $40 a month. And that was with doubling the heaters and return pumps on a larger tank. Here's how I looked at it.
Over the 5 year useful life of an LED (Can be up to 10 years depending on photocycle and current)
6 x 100 = $600 for black boxes.
Compared to:
$40 a month on electric x 12 months x 5 years = $2400
$220 a year on halide bulbs ( would have needed 4) + 80 a year on T5 bulbs x 5 years = $1500
That's $3900 over 5 years or $3300 more than switching to black boxes. That's more than many have in there entire systems.
Or more importantly $3300 towards a better skimmer, or more corals.
For some cost is an issue, other's it is not. For some where it is not an issue, they are still frugal and look at ROI.