I just bought a 135w LED 6th generation 7 band grow light from mix-wholesale on ebay for $95 shipped. It has 45 three watt LEDs including UV and far IR. It's a very good spectrum with dual blue and reds, white 12k, etc. The penetration of LEDs is really only useful at 3w and above. Any less is a waste. This is a very good deal for the money, they are quite thin and generates almost zero heat. You can hang it shining down, or you could hang it against the wall for that all important side lighting.
I run this LED along with a 400w HPS, a 4 bulb T5 and several CFLs ranging from 26w up to a few big 68w. BTW_ I really like the 68w bulbs, they really have good penetration and are quite bright. I run reflectors on most of my cfls. Right now I've got a ChemDog that's over 5' tall and should be a huge yielder, I'm expecting 8oz dry from this one plant.