Following is the invited perspective of an academic researcher and director of a multi-institutional research and education project tasked to test the feasibility of adopting light-emitting diode (LED) technology for application by the commercial horticulture industry. Academics researching basic specialty-crop responses to spectra, intensities, and durations of lighting with LEDs often find technical queries from growers, vendors, and entrepreneurs to go beyond the capabilities and scope of systematic research to answer definitively. Differences between commercial and academic research approaches to LED technology development are noted, including legal obstacles to open collaboration. Early generation commercial LED technology for horticultural applications is based on research begun >20 years ago. The basis for selection of various LED wavebands for inclusion in LED plant growth arrays is presented for both commercial as well as research applications. Advantages of light distribution from LED sources for different crop applications are presented, especially including close-canopy and intracanopy lighting, both of which contribute substantially to energy savings. Challenges to providing accurate LED light prescriptions for different crops are discussed, including those for supplemental lighting as well as for sole-source lighting applications. Anticipated trends are projected for horticultural applications of LED technology, including multispectral, individually adjustable, high-intensity arrays; increasing electrical efficacy of future LEDs; and reduced costs of mass production for particular applications.