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Nothing will compare to the efficiency of an LED downlight. Compact fluorescents and halogens can also be used as down lights. However, if you wish to save on your electricity bills, you should go with LED bulbs. Yes, you will initially be spending more on LED bulbs. Then again, you will be able to save more in the long run with its efficiency. Despite the lesser amount of electricity that it uses, it still provides more light compared to halogens and CFLs. Thus, if you are intending to make use of down lights, you should consider using LED bulbs. Do not hesitate to spend a little bit more on these bulbs. In the long run, you will be able to benefit from its functionality and energy efficiency. There are a lot of LED down lights out there, so be sure to pick an LED downlight that suits your needs and your budget perfectly.