Not sure how you would save... 250 watts of LED costs the same electricity as 250 watts of T5 or 250 watts of Halide.
The arguable point is you don't need 1:1 wattage...
Every industry from commercial to farming doesn't do 1:1 replacements except to increase output.
Even looking at this thread..
https://www.reef2reef.com/threads/peer-review-request-watts-per-gallon-led.1119945/
And the past and you will notice a lack of equivalence.
2.75 watts of t5 would not be deemed suitable for sps (3 tube t5 over a 55 gal) whereas they find it fine in LEDs.
In the fw world i always advocated for a .75:1 ratio ( led:t5) when replacing t5's oddly that is exactly what the above thread is pointing to.
Go figure.
I believe a minimum t5 sps array over a 55 would be like 4 tubes, or roughly 4 wpg.
4 x .75 is 3 wpg. Close enough to 2.75. and a 25% power savings.
That is how you save money. Now how much money is ??? and in many cases it is not as significant as one wishes it to be.
Plenty of other factors like quality of diodes, lensing, mounting, hardware longevity, ect that can affect the cost ratio though.
Also one can buy 1:1 say if replacing tech but doesn't mean they will run 1:1 .
More than likely that will not save you money.
Admittedly there are those that don't believe you can use less wattage. Like I said an arguable point.