An improved light emitting diode (LED) device with a thermoelectric module is provided. In the preferred embodiment, the LED device herein includes a heat sink/housing containing a LED light, heat slug, and LED circuit board attached to a first side of a thermoelectric module and a heat sink on a second side of the thermoelectric module. Heat is conducted from the LED light and through the circuit board to the first side of the thermoelectric module. The heat sink housing dissipates heat from the second side of the thermoelectric module to create a temperature differential across the thermoelectric module and generate electricity.