If you're in the market for candelabra LEDs, the chances are good that you need more than one. Cree is banking on this fact and selling its own 40W equivalent candelabra LEDs in three-packs. By forcing you to buy more than one at a time, the cost per bulb goes down a little bit. At about $20 for the three-pack, you'll be getting each bulb for less than $7.
That makes Cree's bulb more affordable than almost all of the other candelabra LEDs that we tested, but it's still a lot to pay. Consider that standard 60W replacement LEDs are now selling for less than $5, with payback periods (the amount of time it takes to recoup the upfront cost with energy savings) of less than a year. At $7, each of Cree's 5W candelabra LEDs would take almost two years to pay for themselves -- still good, but not as good as the payback period for a standard LED.
What's more, Cree's candelabra LED wasn't as strong a performer as some of the other bulbs we tested -- including the top-performing EcoSmart candelabra LED, which also costs about $7 per bulb. Though it offers plenty of brightness for a decorative chandelier light (356 lumens, per our spectrometer and integrating sphere setup), Cree's bulb performed poorly in our heat tests, and flickered a little bit when we tried to dim it.