Josh,
I don't have a clue either so don't feel bad! I have found out that CFL lights are perhaps the best bang for the buck for mature basil plants - nothing I have tested comes close. For growing a 7-pod, it will be hard to beat the 125-watt R/B/O LED unless one wants fast growth. The seed was sowed on December 26, probably germinated within a 10 days, grew slowly and was transplanted into the 7-gallon pot about six weeks ago. It is still only about eight inches tall (suffered a major set-back when my plant kitty decided she had to taste the leaves) but it looks great. The goal for this plant is to have lots of pods that I can harvest seeds from.
With the tomatoes, it is a different story. I figure I should get about 2 pounds of ripe tomatoes per plant per week. If I have 60 plants, that's 120 pounds per week. If I sell them for $1.25/lb., that's $150 per week. Over an eight week harvest period, that's $1200, but it will take 16 weeks or so to raise those plants. That means I need to keep my electricity costs down to about $30 per week or 50¢ per plant (not including the outlay for lights and fixtures).
OK, now here I'm getting anal, but in doing the math, I can get six plants under each 125 watt light (1250 watts per hour) plus, if this works out, one 3 watt light per plant (180 watts per hour) for a total of less than 1500 watts per hour. At 12 hours per day, that amounts to $1.80/day or $12.50 per week! Sixteen weeks at $12.50 each week = $200. That would mean a $1000 profit over four months, not that great. But... if I can go from growing 60 to 600 plants, that translates to $2500/month. Then 6000 plants....
I can dream!
Mike