Incandescent light bulbs are considered to be lower efficiency than LED bulbs primarily because a greater percentage of the energy output of the incandescent bulb goes toward heat.
To elaborate:
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Incandescent bulbs produce light by heating a metal filament until it glows, which means a significant portion of the energy (about 90%) is converted into heat rather than visible light. This results in a very low luminous efficacy (light output per watt of energy consumed).
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LED bulbs, on the other hand, produce light by electroluminescence, which is much more efficient. They convert a much higher percentage of energy directly into light (often around 80-90% of their energy use goes toward light output).
Therefore, the correct statement about why incandescent bulbs are lower in efficiency compared to LED bulbs is: a greater percentage of the energy output of the incandescent bulb goes toward heat.