A compact fluorescent lamp (CFL), also known as a compact p or energy saving light (or less commonly as a compact fluorescent tube (CFT)), is a type of fluorescent lamp. Many CFLs are designed to replace an incandescent lamp and can fit into most existing light fixtures formerly used for incandescents. Compared to general service incandescent lamps giving the same amount of visible light, CFLs use less power and have a longer rated life. In the United States, a CFL has a higher purchase price than an incandescent lamp, but can save over US$40 in electricity costs over the lamp's lifetime.