24x30x96 is 299 gallons. Surface area 2,880 square inches, depth 24 inches.
You currently have 250w MH x 4. Those ballasts are probably pulling at least 300 - 325 watts. We'll call it 300. So, 1200w of power. Assuming 8 hour photoperiod, 9.6kWH of electricity per day.
You could probably get similar light from ~250 LEDs. Let's assume Cree XR-E Q5 bin, for the sake of argument. 700mA, wide optics. That's around 2.45w per LED. If we assume drivers and power supplies 80% efficient (being conservative), that's 3W each. So, 750 watts. Again, assuming 8h photoperiod, 6.08kWH per day.
So, the LEDs will be around 37% cheaper to run, in terms of kilowatt-hours. Depending on your electricity cost, that'll translate differently to $$$. I think I'm around $.12 per kWH, but I'd bet the country varies from .07 to .40 depending on where you are. Let's say $.15. Each day, your cost will be about $.42 less, or $12/month, or $144/year.
Doesn't sound like much, considering the LED rig probably costs twice what the MH rig does, but think in the long term. Over 10 years, you're saving $1440 on electricity. If the cost of electricity rises 5% a year, it's a lot more than that. Plus, bulb changes. If you change those four bulbs every 8 months at $80 a pop, that's 60 bulbs, at a cost of $4,800!
So, your 10 year savings would be around $6,240, or $624 per year. If the MH rig costs you $2500 to make (pulling this from you-know-where, I'm out of math for this post), you'd pay it off in 4 years. If you had been starting from scratch and comparing the initial cost of the MH rig, the payoff would probably be more like 3 years.
And, it's arguable that the LED rig could be constructed more efficiently than I'm showing - fewer LEDs, if you position them carefully (according to your coral placement, for instance). Fewer LEDs again, if you use the new XP-G LEDs. Combining these factors, you could probably be 30% - 40% more efficient again, which would double the electric savings in the long term.
Of course, you could also argue that playing with an MH rig, it could be made more efficient - but I think it's pretty clear that over a long period (10 years) the LEDs win, and they'd pay for themselves in ~2 - 5 years.