Philips is ringing in Earth Day (Wednesday, April 22) a bit early with the launch of a 60-watt LED bulb it says is the most affordable of its kind. It's not the only product the company announced today, though. It's part of a troika that constitutes the Dutch lighting giant's new LED A19 product range.

According to Philips, the 60-watt (incandescent equivalent) LED puts out 800 lumens while consuming just 8.5 watts. And if you haven't guessed it already, its $4.97 price tag will leave no doubt in your mind that we are talking about a single-color, nondimmable, fully dumb bulb.

It is available exclusively from The Home Depot's website at the aforementioned price, but beginning in early May, you'll be able to snag a special two-pack for the same price from various brick-and-mortar retail locations. This will be a limited-time offer running for 90 days after launch or until supplies run out, whichever comes first.

This is a warm white light (2700K), but should you want something cooler Philips has you covered. The new lineup includes another 60-watt bulb, albeit one of the cool white (3500K)variety. Then there's a so-called "daylight" (5000K) 100-watt LED that should have you up and running in the morning in no time at all-- that's the idea, at least.

We don't have any further details about the cool white light and the daylight bulb at this point, but we will update this article when their complete specs and pricing are available.

Why this matters: We usually focus our attention on smart bulbs, but the low price tag on this dumb one--and its brand provenance--convinced us to make an exception. Philips claims the warm 60-watt equivalent will only cost $1.02 per year to operate over its 10-year lifespan, netting you $62 in savings had you used an incandescent bulb. Considering that the average U.S. household has more than 40 sockets for light bulbs, according to the U.S. Department of Energy.... Well, we'll leave the math to you.