High All,
IMHO....Efficiency is where todays LEDs have a clear advantage over HID bulbs.
In a DIY COB setup you could easily cover your 4x4 tent with 12 cobs using 600w from the wall and easily exceed the output a 600w hps.
800w of Cree cobs properly spaced can equal and exceed the PAR output of a 1k HID.
From what I have read HPS lights at 1000w provide around 400 PAR watts. The remaining 600 plus watts is heat.
Using Cree CXB3590's with a high quality driver like Meanwell, you can achieve the same level of PAR watts using less wattage from the wall.
Try buying incandescent bulbs! They are harder to find and that is on purpose.
Look at your flat screen PC monitor or your TV.
Some states here in the US offer tax incentives to convert from HID.
I believe Colorado is an example.
HID is very effective at what it does but is tech that is on the decline.
I've always wondered how a 1kw grow light can use more or less electricity than the other. I mean, from my university course years ago - 1kw of electricity over the course of an hour is the same amount whether it comes from a tv, radio, light etc.
I'm sure the LED must draw less power than the HPS for them to be cheaper to run, and they will certainly be cooler than the HPS, although I have noticed LED users seem to hang their lights REALLY high above the plants so they might not be well suited to anyone with height limitations.