If you live in Japan and are looking to lower your household electricity bill, you might have to empty your bank account first. Sharp recently introduced its new line of ELM-branded LED ceiling lights and the highly energy-efficient, square-shaped bulbs won't come cheap -- retailing between 35,000 yen (about $456) and 55,000 yen (about $717). Pulling inspiration from the LEDs used in LCD televisions, the company was able to achieve an industry-leading 81.3 lumens per watt for the smallest of its three designs, and an average life of 40,000 hours for the entire lot . The energy-sipping set of overhead bulbs come housed in an insectproof shell, offering over 100-plus ambient light settings, controllable via remote. You can snag these utility-friendly lights on August 27th, just don't complain at the checkout when you see the price -- we warned you. Peep the video explanation after the break.

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Sharp's energy-efficient LED ceiling lights are hip to be square