Total myth that halides should be replaced that often. Quite a few studies and tests show that there is very little spectral change and/or PAR drop even after 24 months with most halides.
I think one could only say that without a lot of first hand experience. While my tank was on a 12-hour schedule, corals would decline at the 6-month mark like it was clockwork. When I cut the lighting hours back thanks to the concept of Peak Sun Hours (I think at least analogous to DLI)...
...the clockwork responded predicatably and corals would decline at about 9 months.
Likewise, the level of brightness between old and new bulbs wasn't debateable....old bulbs were MUCH less bright even to the naked eye. Having a dual halide fixture makes this easy to see – switch one bulb and not the other and you get a direct A-B comparison so your brain's interpretation is trustworthy. Newer bulbs were BRIGHT!!!
Last, old bulbs LOOKED WORN OUT. The amount of carbon scoring inside the bulb always seemed phenomenal to me.
If you wanted to say that there were some tanks and some corals that could tolerate this, I'd be willing to listen and hear specifics – including what tank, what light, how high, what corals, and tank water test history.
As a general statement about all tanks, lights and corals I call one bee to be followed closely by one esse.
I've never looked at LED as a cost savings. Nor do I ever bring up cost as a factor. If you're looking for a tiny bit of cost savings, you're in the wrong hobby.
If you're looking for a tiny bit of savings switch to DC pumps.
Up Front Costs
When you (or I; anyone!) can build a perfectly valid LED fixture for less than the cost of a set of new mercury-based bulbs, I think you have to consider that. Comparisons are almost always with the highest end commercial fixtures – which I understand, but which doesn't tell the whole story.
At my DIY rate I could build a new LED fixture,
use it for a year and then
throw it in the trash and
build another one next year and
STILL COME OUT AHEAD. That's big potential savings, not tiny.
Bulb Costs
And unless you are willing to revert to Chinese no-name bulbs and pay almost nothing for power, you'll notice a bigger-than-tiny potential savings in ongoing costs as well.
If you haven't run the numbers, you should just to know for reference....it's big.
Power Costs
If you're in a hot weather state and/or an expensive electricity state, then there's even more potential as you might eliminate a chiller in the process, or at least take it from running all the time to running rarely. It makes a big difference!
In a cold room, the heater will have to work harder and harder with each efficiency improvement to keep the water tropical, which will cause the HVAC to work a little harder to keep the house cool. Bye-bye power savings in that case.
After swapping out halides for LED (300 down to 40 watts) and a Mag 7-based skimmer for a Tunze 9410 (70 down to 14 watts) I had to add two large heaters to keep the tank steady during the coldest winter months.
That said, potential is potential and nothing more – you might not net anything more in ongoing cost savings than the up-front costs.
You have to look at the details of your own case to know.
Ok, regarding lux meters to compare lighting when switching from one to another...if MH is giving me 40,000-60,000 lux on average in the main areas of the tank (not around the edges), and LED is giving me 25,000-35,000 lux in the brightest areas, is this comparable? Are you aiming for the same lux numbers from both systems or is there a conversion factor? (I think there is but I can't recall exactly).
@mcarroll @saltyfilmfolks
For these purposes you just want the numbers close – no conversion to any other units is necessary. You could say the LED's are giving you roughly half the power in the tank as the halide system. (Helpful to remember these numbers are always rough and they don't need to be exact.)
Not every MH or T5 or MH/T5 tank requires a chiller. I use MH and I have no need for a chiller. Just saying, those two things don't necessarily go hand in hand for all users.
In hot climates it's not uncommon though....or anywhere the HVAC doesn't keep a steady 72ºF all year round.