Pacific Sun Technologies
LG Solar Panels Review
Updated: Jan 21, 2019
LG Solar produces high quality, tier 1 solar panels and are part of the giant South Korean company LG. In 2016 they produced 1,200 megawatts of panels. While this is only 20% of what the world leader Jinko produced, LG Solar is still a large player in the premium panel market.
Most of the panels LG Solar currently sell in Australia have a 12 year product warranty, which is two years longer than the the standard for tier 1 panels. They also just released the NeON R, with a 25 year product warranty.
LG has offices in every mainland state capital. While Tasmania misses out, this is much better coverage than most tier one manufacturers who usually only have a single office in Australia, or in some cases, none at all.
LG Are Reliable Panels
LG claim that of 360,000 panels installed in Australia, only 3 have been returned - due to poor installation. LG claim they have never had an Australian panel come back due to production failure.
This reliability comes at a premium of around a 25% higher price per watt.
LG Is A Huge Company
LG Solar is part of LG Electronics which is part of the South Korean corporation LGwhich used to go by the surprisingly chipper name, Lucky Goldstar. LG is enormous and has a market capitalisation of over $14 billion.
The net wealth of the entire population of the nation of Tonga comes to less than $14 billion. This means the LG Corporation has more money than some countries.
Note I’m not saying the value of Tonga itself is less than $14 billion,