LG Solar Panels- Independent Review

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Overview of LG – Company History

LG initially entered the solar market in 1985 as the company ‘Lucky-GoldStar’. The company developed its first portable solar cell technology in 1988, ‘The Solar Lantern’. Lucky-GoldStar rebranded to LG in 1995 and proceeded to design solar systems for traffic lights and clock towers. In 2008 LG created its first solar panel and has gone on to win the Intersolar Award in 2013, 2015 & 2016 for its innovations. The South Korean multinational conglomerate corporation is currently the 4th largest chaebol (family-owned business) in South Korea. Holding a very impressive panel return rate of only 10 in 1 million, LG has built the reputation of being a premier solar panel manufacturer worldwide. This is only strengthened through achieving EUPD Research Top Brand PV Award for Modules in Australia each year for the past 5 years.

Key Panel Indicators

LG Solar Panels
Bloomberg Tier 1 RankingYes (Q2)
DNV GL Top PerformerNo
Office location in AustraliaYes

What is a Bloomberg Tier 1 Solar Panel?

Bloomberg’s infamous tier 1 ranking is NOT a measure of Solar Panel quality in any way. It is simply an indication of the bankability of the manufacturer based on publicly released information on the financial health of the company. This should give you an idea if the company is a large, well-known manufacturer.

See full list of Bloomberg Tier 1 Solar Panels

What is PV Evolution Labs Top Performer?

PV Evolution Labs with support from DNV GL independently test solar panel reliability. The tests are voluntary, with solar panel manufacturers paying to participate in the testing. This testing process is internationally renowned and is an accurate reflection of the solar panel’s performance.

Despite the reputation for producing high-quality panels, LG has only ranked as a PV Evolution Labs Top Performer in 2018. Unfortunately, PV Evolution Labs do not state why a panel does not rank. However, as it is a paid voluntary test LG may just choose not to participate in testing.

See full list of PV Evolution Labs Top Performing Solar Panels 

Why is office location in Australia Important?

Most solar panel manufacturers entering the Australian market first set up their distribution channels and worry about customer service later. This has led to many unhappy customers who are left trying to contact Chinese head offices to claim on their 10-year product warranty.

Relying on your solar installer is not always an option as we’ve seen many residential solar installers (including the large ones) go out of business well within the lifetime of the systems they are installing.

How much do LG Solar Panels cost?

Based on Solar Choice’s database we have provided the below-average costs as an indicative guide. These prices include:

  • Full turnkey Solar System with LG Solar Panels
  • Installation from a pre-vetted reputable installer from Solar Choice’s network
  • The STC rebate and GST
System SizeAverage Fully Installed Cost
6kW$8,885
8kW$11,830
10kW$14,302

Important Note: Prices will vary depending on location, inverter brand and which installer is used

Compare quotes from up to 7 installers in your area now.

 

 

Model Range Available in Australia

Residential LG solar panels are approved by the Clean Energy Council for the Small-scale Renewable Energy Scheme, which is Australia’s home solar rebate program.

CEC approved models available for residential installation in Australia

LG NeON® 2 325-355Wp

LG NeON® 2 Black 320-340Wp

LG NeON® R 365-380Wp

LG NeON® R Prime 355-365Wp

LG Solar Panel Specifications

LG NeON® 2LG NeON® 2 BlackLG NeON® R Prime
Cell Number606060
Cell TypeMonocrystalline N-type Monocrystalline N-typeMonocrystalline N-type
Power Output345Wp340Wp355Wp
Nominal Power Voltage34.9V34.9V36.4V
Power Density201.75 W/m²198.83 W/m²205.2 W/m²
Panel Efficiency20.1%19.8%20.6%
Annual Power Degradation0.33%0.33%0.3%
Dimensions1686 x 1016 x 40 mm

(1.71 m²)

1686 x 1016 x 40 mm

(1.71 m²)

1700 x 1016 x 40 mm

 (1.73 m²)

Weight17.1kg17.1kg17.5kg
Warranty25 years25 years25 years
Operational Temperature Range-40°C to 90°C-40°C to 90°C-40°C to 90°C
Made inSouth KoreaSouth KoreaSouth Korea

Example of an LG Commercial Solar Project

In November 2017 Kedron-Wavell Services Club located in Brisbane installed 300 LG NeON®2 335W panels. This totaled a system size of 80.4 kW with an approximate annual output of 131,000 kWh. The goal was to install a system as large as possible to reduce the club’s power bill. The installation had its challenges as the roof surface had multiple angles and differing levels. Overall, it was estimated that the club saves $34,000 yearly on their electricity bill. The environmental benefit of this installation is the reduction of approximately 53 tonnes of CO2 per annum. The club’s panel array is pictured below.

Kedron-Wavell Services Club panel array

 

Jack Boutchard

Writer at Solar Choice
Jack Boutchard

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