LG Corporation is a South Korean multinational conglomerate corporation founded in 1947 with an annual turnover exceeding 100 billion US dollars. It is headquartered in Seoul. LG makes electronics, chemicals, and telecom products and operates subsidiaries including LG Electronics and LG Chem in over 80 countries. As well as smartphones, TVs, fridges, air conditioning units, LG also makes some of the best solar panels and battery storage systems on the market for homes and businesses.
LG Electronics is the division within LG Corporation that is responsible for developing, manufacturing and selling the LG solar panel range, amongst other products. LG Electronics had a turnover of $55.4 billion US dollars in 2017.
LG Chem is the division responsible for developing, manufacturing and selling the range of LG Chem batteries for residential and commercial use. LG Chem started mass production of lithium-ion batteries in 1999 and today is one of the world’s largest lithium-ion battery manufacturers.
LG is a diversified multi-billion dollar company, with strong bankability, that invests heavily in research and development and has offices throughout Australia. It has won awards for the quality of its solar products from Australian industry experts and is highly rated by Choice Magazine.
LG is well positioned to be a leader in solar for many years to come. By purchasing LG solar panels and/or batteries, you can be confident that you are investing in high quality, proven technology with outstanding warranties that are fully backed by one of the world’s largest solar manufacturers.
LG Solar Panels
LG make some of the best, highest performance solar panels on the market, backed by one of the best product warranties you could find. Because of LG’s size and economies of scale, their solar panels are priced within a range that is affordable and represent excellent value for money over the lifetime of the panels.
Whilst most solar panel manufacturers provide a 10-year product warranty, LG provides a standard 25-year product warranty which is amongst the best in the industry. Specifically, LG’s product warranty is for parts and labour which includes the costs of shipping panels, as well as the labour cost of un-installing and re-installing the panels. Many other panel manufacturers do not include the cost of labour within their 10-year product warranty so this is a big point in favour of LG.
LG panels have won the top solar PV brand in Australia from industry authority, EUPD Research for 2016, 2017, 2018, 2019. LG Panels have a tier 1 ranking by Bloomberg New Energy Finance, which is a good indicator of LG’s financial strength and ability to honour its warranties.
Whilst your first port of call in the case of any warranty claims should always by your solar retailer, it is good to know that LG Australia/NZ has support offices in Victoria, Sydney and other locations throughout Australia.
LG panels meet all relevant Australian standards and are approved by the Clean Energy Council and Solar Victoria for the Solar Homes Rebate.
Why Choose LG Solar Panels?
- More power per square metre
LG panels are rated between 325 and 370 watts per panel. This is 26-40% more power than a standard 260 watt panel.
For homes with limited roof space – and for people thinking about how their energy needs may change in 10-20 years– this is an important consideration.
For example, if you decide to add a decent size battery system for charging your electric vehicle a few years down the track, you may need to add more solar panels to power your battery.
So, if you are getting solar panels installed today, it makes sense to reserve some space on your roof to add more panels later. Think about your roof as a valuable electricity generating asset – a mini power station – and make sure you make the most of it!
- More power over 25 years
The amount of electricity that any solar panel will generate will reduce over time. Most standard solar panels are rated to produce around 80% of their year 1 production capability by the end of 25 years.
In contrast, LG panels are warrantied to generate at least 89% as much power by the end of 25 years as they would have done when first installed. This means LG panels will produce more electricity for your home, over the years, than most other panel brands.
- Guaranteed production – with an upside!
If you buy a 330 Watt rated LG panel, then the flash test will show that the panel will produce at least 330W and sometimes as much as 339W. This is because LG panels have something called a ‘Positive Tolerance’ which is 0/+3% (check this out on the LG product datasheet).
Some competitor panels list a -/+ tolerance on their datasheet meaning these panels could get a flash test result below the rated Watt (e.g. a 250W panel may only produce 243W).
- Ultra-modern look
LG panels look great on your roof. That’s because they are black, including a black frame and look very modern. Standard competitor poly panels are blue and have plain aluminium frames. For very aesthetic conscious customers, LG have an all-black panel which no silver whatsoever between the solar cells.
LG Chem Batteries
The LG Chem RESU (Residential Energy Storage System) is a high quality battery choice for households, representing good value for money. Highly versatile, it can be fitted as part of an existing solar panels system or built into a new one.
LG Chem RESU batteries come in a variety of sizes, from 3.3kWh to 13kWh catering for the energy needs of both low-to-moderate energy users and families. Batteries can be stacked, providing up to 19.6kWh of storage capacity for households with higher energy storage needs.
One of the smallest, lightest batteries on the market, LG Chem batteries look neat and modern. As they operate very quietly, they can be installed inside your home should you wish or outside in locations like carports or patios.
Top benefits of the LG Chem Resu batteries:
- Reduces your dependence on power from the grid.
- Provides back-up electricity for your home in the event of a power outage
- Uses lithium-ion chemistry which is well-proven for energy storage.
- Can be floor or wall mounted.
- Comes with a smart phone app so you can control how much energy you send back to the grid, and what you use for your home.
- The batteries come with a 10-year or usage warranty (based on number of cycles) The batteries are warrantied to retain at least 60% of their original storage capacity by the end of the warranty period.
- Add more battery capacity later.
- Lighter and more compact that other brands, including the Tesla Powerwall
- Exceptional safety record
- Visually pleasing – comes in gold or silver colour options
- Meets all relevant Australian standards. On the approved list of products with the Clean Energy Council and Solar Victoria.
Panel & Battery Information:
LG Neon R – 350 W – 360 W (LG350Q1C-A5, LG355Q1C-A5, LG360Q1C-A5)
LG Neon2 – 335 W (LG335N1C-A5)
LG Neon2 – 340 W (LG340N1C-A5)
LG Neon2 – 345 W (LG350N1C-V5)
LG Resu – Energy Storage Systems
LG Energy Storage System Installation Manual