Overview of LG – Company History
LG initially entered the solar market in 1985 as the corporate ‘Lucky-GoldStar’. The firm developed its first transportable solar cell expertise in 1988, ‘The Solar Lantern’. Lucky-GoldStar rebranded to LG (Life is Good) in 1995 and proceeded to design solar methods for visitors lights and clock towers. In 2009 LG created its first solar panel and has gone on to win the Intersolar Award in 2013, 2015 & 2016 for its improvements. It additionally received the Readers Digest Australia Most Trusted Solar Panel Award 2020 after a survey of 3000 readers.
The South Korean multinational conglomerate company is at present the 4th largest chaebol (family-owned enterprise) in South Korea. Holding a really spectacular panel return fee of solely 40 in 1 million, LG has constructed the status of being a premium world solar panel producer.
This model recognition has strengthened via reaching EUPD Research Top Brand PV Award for Modules in Australia annually for the previous 5 years.
LG have an internet site devoted to their Australian energy division and an workplace area positioned in Eastern Creek, NSW.
Key Panel Indicators
| LG Solar Panels | |
| Bloomberg Tier 1 Ranking | Yes |
| PV Evolution Labs Top Performer | Yes (4/6) |
| Office location in Australia | Yes |
What is a Bloomberg Tier 1 Solar Panel?
Bloomberg’s notorious tier 1 rating is NOT a measure of Solar Panel high quality in any method. It is just a sign of the bankability of the producer primarily based on publicly launched data on the monetary well being of the corporate. This ought to provide you with an concept if the corporate is a big, well-known producer.
See full listing of Bloomberg Tier 1 Solar Panels
What is PV Evolution Labs Top Performer?
PV Evolution Labs with help from DNV GL independently check solar panel reliability. The checks are voluntary, with solar panel producers paying to take part within the testing. This testing course of is internationally famend and is an correct reflection of the solar panel’s efficiency.
LG Solar Panels are at present ranked within the PV Evolution Labs Top Performers throughout 4 of the 6 annual checks within the newest report.
See full listing of PV Evolution Labs Top Performing Solar Panels
Why is workplace location in Australia Important?
Most solar panel producers getting into the Australian market first arrange their distribution channels and fear about customer support later. This has led to many sad prospects who’re left attempting to contact Chinese head workplaces to say on their 10-year product guarantee.
Relying in your solar installer will not be all the time an possibility as we’ve seen over 700 residential solar installers (together with the big ones) exit of enterprise since 2011 – effectively throughout the lifetime of the methods they’re putting in.
LG’s head workplace and key warehouse is in Eastern Creek in Western Sydney they usually have satellite tv for pc workplaces in all states besides Tasmania. LG additionally retains a outdated inventory on all Solar Panels they’ve bought since 2010 to cater to guarantee claims the place essential. LG has an Australian income of over $1bn which means their 25 yr product guarantee is among the strongest and most reliable presents out there.
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How a lot do LG Solar Panels price?
Based on Solar Choice’s database now we have supplied the below-average prices as an indicative information. These costs embrace:
- Full turnkey Solar System with LG Neon 2 Solar Panels
- Installation from a pre-vetted respected installer from Solar Choice’s community
- The STC rebate and GST
| System Size | Average Fully Installed Cost |
| 6kW | $8,885 |
| 8kW | $11,830 |
| 10kW | $14,302 |
Important Note: Prices will differ relying on location, inverter model and which installer is used
LG Solar Panels’ 25-year Product and Performance Warranty
Likely essentially the most important level of distinction for LG panels is their trade main 25 yr product and efficiency guarantee. The efficiency guarantee ensures a minimal quantity of output from the solar panel, which generally declines yearly in step with the pure degradation of the silicon within the panel. LG’s efficiency guarantee for the NeON 2 ensures an output of 90.08% after 25 years which is a considerably larger proportion that the tier 1 cost-effective panels who supply 80% to 85% after 25 years. Over time you may anticipate as much as 5% larger output of usable electrical energy from an LG solar panel than most of their counterparts.
The extra important distinction of their guarantee interval is the 25-year product guarantee. Most panels stick with a 10-year guarantee interval which has quickly grow to be the trade normal. Providing a 25-year product guarantee interval implies that LG will present a spare panel and protecting the delivery and labour prices to interchange within the occasion of a producing or supplies defect. To present readability to the shopper LG have offering an inventory of exclusions of their guarantee doc to offer readability on the place guarantee wouldn’t be claimable. Many of those causes relate to improper process utilized by the installer or climate occasions which might be usually cowl by home and contents insurance coverage.
A Solar Panel product guarantee is simply useful to you if the corporate remains to be in enterprise and has a transparent course of by which guarantee may be claimed instantly be end-users (don’t depend on your installer to nonetheless be round). In our opinion, if you’re on the lookout for peace of thoughts, LG’s guarantee is among the greatest available on the market and justifies their place as a top-of-the-line solar panel.
LG Launches the LG Mono X in November 2020
LG has launched a solar panel into the Australian market which is aimed to win market share of the shoppers who’re on the lookout for a more cost effective. The panel options many related traits to the NeON 2 collection with barely decrease panel effectivity and most notably a discount in product guarantee to fifteen years.
LG claims this may allow installers to shave off $2,000 from a standard 6.66kW which might utilise 18 panels.
The Mono X collection will sit in the direction of the highest of the cost-effective panel vary and supply patrons on a price range a number of the comforts of the LG model with out a premium price-tag.
LG Launches the NeON H+ Series in 2022
The latest NeON H+ collection from LG options N-type solar cells which improves the solar panel’s effectivity with the 415W mannequin’s max effectivity reaching 21.2% The solar panel is appropriate for residential and business installations with 66 half minimize solar cells including to a complete peak of 1.88m and width of 1.04m.
The panel options the identical guarantee traits because the flagship NeON 2 mannequin with a 25 product guarantee and a 25 efficiency guarantee degrading at an trade main 0.33% p.a. after the primary yr resulting in a minimal manufacturing of 90.6% of the nameplate worth by the twenty fifth yr.
The LG NeON H+ collection additionally comes with a 410W all black panel (see picture proper) which presents an aesthetically interesting possibility for seen roof areas.
Model Range Available in Australia
Residential LG solar panels are permitted by the Clean Energy Council for the Small-scale Renewable Energy Scheme, which is Australia’s home solar rebate program.
CEC permitted fashions obtainable for residential set up in Australia:
LG NeON® 2 350-365Wp
LG NeON® 2 Black 340-350Wp
LG NeON® R 375-380Wp
LG NeON H+ 415W
LG NeON H+ 410W black
LG Mono X Plus 370Wp
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LG Solar Panel Specifications
| LG NeON® 2 | LG NeON® 2 Black | LG Mono X Plus | |
| Cell Number | 60 | 60 | 120 (half-cut) |
| Cell Type | Monocrystalline N-type | Monocrystalline N-type | Monocrystalline N-type |
| Power Output | 370Wp | 340Wp | 370Wp |
| Nominal Power Voltage | 35.8V | 34.9V | 33.95V |
| Power Density | 214 W/m² | 199 W/m² | 198 W/m² |
| Panel Efficiency | 21.4% | 19.8% | 19.8% |
| Annual Power Degradation | 0.33% | 0.33% | 0.40% |
| Dimensions | 1700 x 1016 x 40 mm
(1.72 m²) |
1686 x 1016 x 40 mm
(1.71 m²) |
1776 x 1052 x 40 mm
(1.87 m²) |
| Weight | 18kg | 17.1kg | 19.7kg |
| Warranty | 25 years | 25 years | 15 years |
| Operational Temperature Range | -40°C to 90°C | -40°C to 90°C | -40°C to 90°C |
| Made in | South Korea | South Korea | South Korea |
Conclusion – Are LG Solar Panels value it?
When shopping for a solar system, you might want to decide on whether or not you might be pleased to pay extra for one thing that may last more, or whether or not you might be proud of one thing that’s extra more likely to run into points down the road however can pay for itself faster. If you’re within the first camp, then LG Solar Panels are considered one of your greatest choices with confirmed expertise and a very good monitor report in Australia.
Example of an LG Commercial Solar Project
In November 2017 Kedron-Wavell Services Club positioned in Brisbane put in 300 LG NeON®2 335W panels. This totalled a system measurement of 80.4 kW with an approximate annual output of 131,000 kWh. The purpose was to put in a system as giant as potential to cut back the membership’s power invoice. The set up had its challenges because the roof floor had a number of angles and differing ranges. Overall, it was estimated that the membership saves $34,000 yearly on their electrical energy invoice. The environmental advantage of this set up is the discount of roughly 53 tonnes of CO2 each year. The membership’s panel array is pictured under.
Read extra product evaluations from Solar Choice
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Reviews from Australians who’ve put in LG Panels
Rated 4.89 from 9 evaluations
twenty first March 2022
David
NSW – 2347
8kW system
fifteenth March 2022
–
10kW system
twenty seventh September 2021
Phillip
NSW – 2782
5kW system
they’re working effectively and giving the outcomes that we anticipated
seventeenth August 2021
Regina
–
10kW system
We need LG as we needed a great panel
2nd July 2021
Julien
–
10kW system
We purchased the highest vary LG panels as a result of we’re close to the ocean they usually had the best corrosion resistance + the most effective optimization and guarantee.
14th April 2021
Geoff
WA – 6530
3kW system
1st April 2021
Denis
VIC – 3150
8kW system
Expensive however supply superb efficiency and nice 25 yr guarantee on the panels
twenty eighth March 2021
Max
QLD – 4868
6kW system
Early days, however So far, so good!
twenty fourth February 2021
Anthony
NSW – 2285
6kW system
Chosen on account of larger output and longer guarantee from a good South Korean firm. LG NeON 2 360 Watt panels put in onto north going through roof in two arrays on both aspect of an current evacuated tube solar sizzling water collector. One array is 10 panels, the opposite is 8 and they’re wired to seperate phases (I’ve a two-phase provide to the home).
