Abstract. Today a number of renewable energy technologies are available for power generation, but fossil fuels are still providing a dominant share nevertheless. In order to decrease the electric bill and save our environment, energy conservation is always crucial. In this paper a very interesting idea is presented which is economically viable to reduce electricity usage in our buildings. An effort has been made to estimate the amount of energy that could be saved in the dormitory section of the IMOP building in Russia. Although there are many ways to reduce the consumption of electricity in this building but here the emphasis is on changing light bulbs inside the rooms, kitchen, toilet and bathroom of each apartment. The scope of the study is to figure out monthly electricity saving by replacing traditional light bulbs by LED light bulbs in the building under consideration. The total investment required and the payback period is also presented.