As LEDs continue to reign supreme over incandescent and fluorescent options, it’s important to familiarize yourself with certain LED terms so that you can understand the advantages and select the best LED products for your project. While early LED lighting was primarily used in commercial settings, advancements in technology has caused it to shift substantially to residential applications as well. More and more consumers are making the switch over to LEDs – realizing that while it may require a larger initial investment, the long-term benefits outweigh the cost.  LED, which stands for “Light Emitting Diode,” is a two-lead semiconductor light source that emits light when an electrical current is passed through it. During this engineering process, energy is released in the form of photons. But let’s not get too technical – what you really need to know is that LEDs are more efficient at turning energy into light compared…