I have found this not to be the case. They seem to last several years, but not an amazing period of time. Also, the ones that were installed in my home are quite expensive, something like $45 per can (the whole thing must be replaced), and the price to install is $30 per can because the company changed their plug design in the last 5 years. So I end up spending $75 for each light, which is roughly $10 per year per light (per light-year?). That doesn't strike me as a great value, especially because I can't change the lights myself due to the wiring/plug situation. Maybe that piece won't apply in future years, but it's still a lot even if it's just $45 for the darn can.