What’s an LED TV? Also known as light-emitting diode TV, it essentially represents a new way to light LCD TVs in a way that enhances their color saturation, their brightness, and their overall energy usage. What is commonly called an “LED TV” is still an LCD TV - it’s just a new and improved one.

Okay, so the technology isn’t all that hard to understand. The question many people have after reading about LED TVs isn’t so much about the picture or the lighting, but about that other TV factor everyone always seems to be concerned with: price. How much should an LED really set you back? They generally run a little pricey right about now; are they worth the cost or simply another way to rip off the customer while telling them that they’re getting a better picture? Given the nature of LED TVs and how they’re really just LCD TVs, it’s understandable if you’re skeptical.

So let’s take an honest appraisal of the market as it stands here in early 2011 and see if these LED TVs are really worth the cost they demand. Let’s start by looking at a few examples.

One of the best places to start looking for television sets is CNet, and you can find CNet’s “Best LCD TVs” right here. As you’ll see, it’s not uncommon for these television sets to run anywhere from about $1,500 to upwards of $3,000. That’s a significant amount of money, but not really anything beyond what you might expect from the latest and greatest television technology.

It’s important to mention that although LED TVs generally have some predictable pricing patterns, the individual variables associated with each model will have a dramatic influence on the price. For example, buying a 30-inch screen is drastically different from buying a 54-inch screen. You can expect to “get what you pay for” in the world of television sets because it’s easy to set a pricing structure around a basic variable like size.

What about the individual brands offering some of these prices? You can expect plenty of LED entries from companies like Samsung and Sony, and these companies are offering prices of a good range for their various models. You can find Sony LEDs for around $1,100 and up, for example, all the way up to “several thousand dollars” for an LED set. This means you’ll be determining your own destiny for what you can expect to pay for an LED set.

But what if you want a true bargain, a large TV set for a little amount of money? Well, you’ll definitely want to stick with the Best LED TVs list at CNet, as they consider price a factor in their reviews. A TV set like the LG 47LE5500 can be a good purchase if you get the right size for the right price.

Once you’ve done a review of a lot of these TV sets - and don’t limit yourself to our links - you’ll find about what you can expect to “shell out” for an LED TV in today’s day and age. But don’t be content with the prices that one company is quoting you. Check out the prices as they very for the same exact TV sizes - you can do this at price comparison retail sites like BestBuy.com. There you’ll be able to take down a few notes and really get an idea of the bare minimum prices you can expect to pay for LED TVs in the size range you’ve been looking for. Take a little action and you’ll be surprised just how much you can learn in the end.