I've setup LetsEncrypt on my blog yesterday and besides it slightly messing up my configs (was easy to fix though), it's working pretty smooth.
Doing a scan via SSL Labs, the certificate is trusted and secure.

Is it wise to use LetsEncrypt in production? Instead of spending a fortune on certificates, this seems just as good for the majority of my sites / systems.
Lars
German developer, who likes to play with everything that comes in his way
Interesting question, never thought of that. A downside I could think of is that LetsEncrypt is not establishing itself on the market and the project gets canceled and your SSL certificate gets invalid.