LED's as a Primary Light Source

Well so far from playing with these LED's that I have they seem very bright, bright enough that I think they will light up the tank nicely. What I know is that the light seems visibly bright enough to my eyes but does it have what it takes to supply life giving light to the corals and their symbiotic partners??? I will have 38watts of led lighting on this 26gallon bowfront tank which is 24"longx12'-15'deepx15" of water depth to penetrate through. I am using the 3 5watt blue leds, 3 5watt white leds, and 8 1watt white leds. I will post pics when I have the tank running, Im just working on building the acrylic sump and hooking up the plumbing.

If these leds sustain my corals and put out enough light then I will have spent a little over $300.00cnd on all my lighting and will have very very small electricity bills with little heat generated and they will last about 20years running them 12hours a day. Or I could buy a 175w MH ballast bulb fan and reflector package for around $600.00 from JL Aquatics and pay $125.00 every year for 20 years replacing bulbs and end up spending $2975.00 +increased heat problems and high electricity costs to run the MH.

I really hope this works!!!!!!!!!