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LCD projector lamps are what make or break a projector. Without a working lamp, it's impossible to make a presentation. Depending on the model of your LCD projector, the life of a lamp can vary anywhere from 1,000 hours to 4,000 hours. The cost of replacing LCD projector lamps will vary as well, anywhere from $200 to more than $1,000, with most costing between $300 and $400. Make sure to ask if a warranty, or even an extended warranty, for the lamp is available when you purchase the projector.