The era of the incandescent light bulb ends in January, consumers can choose from many new options

We are in the last days of the incandescent light bulb.

Once the invention of Thomas Edison burns out for the final time in your home, you'll have to replace it with one of the new light bulbs. These are known mainly by their initials, either CFL or LED.

"We're phasing the bulbs out mostly because they're energy hogs." Celia Kuperszmid-Lehrman of Consumer Reports said.

The bulbs are big enough "energy hogs" that ditching incandescent bulbs can save the average home about $143 a year.

Back in 2007, Congress and President Bush had the bright idea to halt the manufacturing, importation, and sale of inefficient incandescent lighting as of January 1st, 2014.

Just in time for the switch, Consumer Reports is weighing in on the best options for lighting.  They favor the LED lights over the others.

"Most of them are dimmable, they come on instantly, they last much longer. So, that's why they save so much more energy and they don't contain mercury," Kuperszmid-Lehrman explained.

But, LED bulbs cost anywhere from $10 to $30 a bulb.

Consumers can also go with the less expensive CFL.

"You can get really great light in a CFL and those are really only about a buck a bulb. Their downside is that they don't turn on instantly, and also most of them aren't dimmable," Kuperszmid-Lehrman said.

Though not as efficient, halogen light bulbs are also an option.

After January 1, 2014, incandescent bulbs will still be on store shelves until supplies run out.

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