Cost of the Lights. Low-end recessed lights cost between $20 and $60 each. Higher-end, low-voltage recessed lighting can cost $75 to $150 or more per light. Each light requires a housing that goes into the ceiling and a trim that covers gaps between the housing and the drywall.
Key Differences Between LED and CFL Bulbs. 1  The LED bulb stands for Light Emitting Diode, and CFL stands for Compact Fluorescent Light. 2  LED bulbs are more energy efficient than CFLs. 3  The LED bulb consumes less electricity than its counterpart CFL 75% a year in energy cost.
LEDs offer good light output and longer life, however they still cost more than the CFL options, [though] prices are steadily falling and will continue to do so as the technology improves. Unlike CFLs, the LED bulb is dimmable, allowing you to adjust the light for the mood, and it does not contain mercury.