An underwater light including a programmable controller and a replaceable light-emitting diode (LED) printed circuit board assembly (PCBA) is provided. The light includes a controller PCBA in communication with the LED PCBA, and a connector for connecting the controller PCBA to the LED PCBA. An optically-transparent potting compound encapsulates the LED PCBA, and the LED PCBA can be safely replaced by removing a rear housing of the underwater light.