So far i've been totally unimpressed with LED lights. They just don't seem to last even as long as an old incandescent bulb at all. While costing a ton more money. Light color looks pretty good. But lifetime is really horrible. Near as i can figure i'm losing money as well on the bulb cost vs. the electricity used.
Maybe this one will be different... But not at $60 a pop. Or even $22. Get it down to $8 and we'll talk. And i might even put up with them burning out way too quick sometimes.
What brand and model of LED lights did you use? As many others have noted there is a vast difference in quality and performance depending on the make and model. It's useful for others if you can note which ones perform well and which aren't up to snuff.
I have 9 LED lights in my home. One is a FEIT brand PAR38-style light I use in a fixture above my bathroom shower and the other 8 are Ecosmart PAR30 lights (sold at Home Depot, made by LightingScience) in my office/music room. So far I'm quite pleased with the results. All are working fine with great brightness and color rendition.
I'm especially happy with the Ecosmart ECS 30 V2 WW FL lights: 950 lumens output, 3,000K color temperature, CRI rating of 83, slightly under the rated 17 watts power consumption (confirmed with my Kill A Watt unit). That's a net efficiency of 56 lumens/watt. Plus they are very nicely dimmable even with a cheap X10 lamp module. I can get a pleasant and very usable background lighting by dimming the bulbs until they draw only 5 watts each. No flicker, great color, low power consumption...and very little waste heat.