> LED bulbs and the disposal of the CFLs, the resulting environmental cost is greater than the power savings
The CFD manufacture and disposal cost are sunken costs - you shouldn't include those in most calculations.
Counter-intuitively for high use situations, the longer the CFD has left to live the more obvious it is to change it sooner to save $ and the environment.
Assuming ① cost in dollars is proportional to environmental cost (edit: for both electricity and LED bulb), ② electricity costs $0.10 per kWh, ③ LED bulbs live as long as CFD bulbs, ④ LED bulb uses 7W whereas CFD uses 14W for the same lumen output, then if CFD has 5000 hours left, you can save $3.50 of electricity. If cost of LED is reasonably less than $3.50, it is obvious it makes sense to replace CFD with LED.
If the bulb would never need to be replaced (examples: very low usage; you are moving out soon; or house is going to be demolished before bulb is replaced) then it may make sense to leave a CFD in place.
The price of the LED is an investment with a payback period, so if you can't afford it or you have better returns for that investment elsewhere then you shouldn't replace the CFD.
If your electricity comes from your own renewables, then the calculation is different again. Although note that in most countries nearly 100% of your reduced electricity usage will result in a nearly 100% reduction in non-renewables like gas or coal (even if your country is say 80% renewables). Marginal generation and usage matters.
If you can find a better source than your professor, I would be interested.