Edison did not invent the first electric light bulb, but instead invented the first commercially practical incandescent light. Many earlier inventors had previously devised incandescent lamps, including Alessandro Volta's demonstration of a glowing wire in 1800 and inventions by Henry Woodward and Mathew Evans. Others who developed early and commercially impractical incandescent electric lamps included Humphry Davy, James Bowman Lindsay, Moses G. Farmer, William E. Sawyer, Joseph Swan and Heinrich Göbel. Some of these early bulbs had such flaws as an extremely short life, high expense to produce, and high electric current drawn, making them difficult to apply on a large scale commercially.

After many experiments, first with carbon filaments in the early 1880s and then with platinum and other metals, in the end Edison returned to a carbon filament. The first successful test was on October 22, 1879; it lasted 13.5 hours.

Although the patent described several ways of creating the carbon filament including "cotton and linen thread, wood splints, papers coiled in various ways", it was not until several months after the patent was granted that Edison and his team discovered a carbonized bamboo filament that could last over 1,200 hours. The idea of using this particular raw material originated from Edison's recalling his examination of a few threads from a bamboo fishing pole while relaxing on the shore of Battle Lake in the present-day state of Wyoming, where he and other members of a scientific team had traveled so that they could clearly observe a total eclipse of the sun on July 29, 1878, from the Continental Divide.

In 1878, Edison formed the Edison Electric Light Company in New York City with several financiers, including J. P. Morgan and the members of the Vanderbilt family. Edison made the first public demonstration of his incandescent light bulb on December 31, 1879, in Menlo Park. It was during this time that he said: "We will make electricity so cheap that only the rich will burn candles."