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LG Solar Panels: What Happened & What Are The Best Alternatives
In June 2022, LG made a shock announcement to the solar industry that it would no longer be manufacturing solar pv panels.
With a long history of producing household appliances, LG’s venture into polycrystalline solar cells in the early 2000s has already helped to improve houses around the globe. So it’s no wonder why it left many homeowners wondering what’s next for the company and wondering if they can still buy LG solar panels in the UK.
This article will explore the reasons behind LG’s shift in focus, what LG’s price of solar panels in the UK used to be, and what this means for LG customers in the UK looking to have their homes significantly enhanced by adding solar panels to their homes.
While LG was a major player in the solar panel market, this doesn’t mean that there aren’t other solar panel manufacturers available. If you’re interested in finding solar panels on par with LG’s quality, then your first step is to get solar panels quotes for the top solar panels in the industry.
We can help you with that. GreenMatch helps UK homeowners like you save both money and time by providing up to 3 quotes for you to compare. All the quotes you receive are for free and without obligation. That means you can choose whichever quote is the best deal for you.
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Why did LG stop making solar panels?
Following LG’s announcement of exiting the solar business in June 2022, many in the industry were left wondering why LG decided to abandon solar panel production after years of research and development.
In response, LG released this statement: “The decision comes as uncertainties in the global solar panel business continue to increase due to a variety of contributing factors, including the intensification of price competition and the rising cost of raw materials,”
One contributing factor to LG’s decision was the performance of its solar panel assembly facility in Alabama, which began manufacturing panels in 2019 but was never able to reach its full capacity. Then in 2020, COVID-19 pandemic limited production, and supply chain issues weakened output in 2021.
LG’s decision to stop making solar panels reflects the challenges that solar panel manufacturers are facing in a rapidly changing industry. However, the company remains committed to the renewable energy industry and plans to leverage its renewable energy expertise to create value for its customers.
LG’s shift in focus towards energy products like its popular LG RESU energy storage system is expected to help the company maintain a strong presence in the energy industry and provide customers with reliable energy management solutions.
What was the price of LG solar panels in the UK?
An LG solar panel’s price was around £400 per panel on average in the UK. However, the price varied depending on the panel type and wattage. Among their product lines, the LG NeON range was the most popular for its remarkably high efficiency and stability.
If you’re curious about how much these top-performing LG NeON solar panels cost in the market (excluding installation), we’ve got you covered. Check out the average market prices for the most sought-after LG NeON models below.
| LG Solar Panel | Potential Cost per Module (excl installation) |
|---|---|
| LG NeON R | £250 – £500 |
| LG NeON 2 | £185 – £350 |
| LG NeON 2 Black | £225 – £370 |
| LG NeON 2 Bifacial | £215 – £345 |
While LG solar panels certainly offered an excellent price for their value, that doesn’t mean other manufacturers don’t have similar offers, or even better in some cases! The key to finding the best solar panels in the UK is to compare quotes from multiple suppliers. Reliable suppliers will be able to offer their best quotes on highly valued solar panels.
We’ve partnered with a network of trustworthy solar panel installers and suppliers that we’ve vetted so that you don’t have to. With our help and our network, we make getting and comparing multiple quotes as easy as filling in a short form. In return, you get up to 3 quotes all for free and without any obligations.
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How long will LG Electronics solar panel last?
LG is a well-known name in the solar panel industry, and one of the reasons for its reputation is its commitment to quality. LG solar panels in the UK are guaranteed to last 25 years, thanks to high-quality materials and manufacturing.
What sets LG apart from its competitors is its long guarantee for high-performing solar panels. The company’s confidence in the delivery of quality means that homeowners can be reassured by the 25-year product, labour, and performance warranty if the solar panel installations are done by LG solar panel installers in the UK.
This warranty covers any defect in materials or workmanship and any decline in power output of the solar panel as it is guaranteed to work to 88.4% of its day-one capacity even after 25 years.
And if you currently have a solar panel from LG that’s under the LG warranty, you don’t need to worry about LG’s recent exit from the solar business. LG will continue to honour the limited warranty for each product, and it will support customers for the upcoming years.
Can you still purchase LG solar panels in the UK?
Since LG’s decision to stop producing solar panels in June 2022, suppliers are unable to restock their inventory. As a result, it may be difficult to find LG solar panels in the market since suppliers will only be able to sell their existing stock until it runs out.
If you are specifically looking for LG solar panels, you may need to consider alternative options or wait for new products from other solar manufacturers. In the next section, we’ll talk about some of the best alternatives for LG panels.
LG solar panels: Best alternatives
Since LG announced its decision to discontinue its solar panel manufacturing business in 2022, many UK homeowners have been left wondering where to turn to still reap the benefits of solar panels.
Fortunately, there are many other solar panel manufacturers on the market that offer comparable quality or even better performance than LG. In this section, we will explore the best alternatives to LG solar panels and provide a brief overview of their features and benefits.
Best overall: Project Solar Evolution Elite 400
The Project Solar Evolution Elite 400 offers a good price point while balancing a decent energy output, efficiency and warranty.
- Price: From £300
- Max. efficiency: 20% (with a guaranteed 84% of their rated production level by year 25)
- Size: 1798 x 992 x 35 mm
- Warranty: 25-year production warranty
Most efficient: SunPower Maxeon 3
SunPower is a leading solar panel manufacturer that offers a comprehensive panel portfolio to ensure maximum flexibility in meeting all of your energy needs. Coming in at a high of 21.2%, SunPower has some of the most efficient solar panels on the market without breaking the budget.
- Price: From £355
- Max. efficiency: 21.2%
- Size: 1,690 x 1,046 x 40mm
- Warranty: 25 years
Best for small roofs: Panasonic HIT N 300W
By choosing Panasonic solar panels and battery storage, you can generate and store clean power for years to come. The Panasonic HIT N 300W comes in a small size that makes it highly suitable for homes with limited space but still want to be renewable.
- Price: From £200
- Max. efficiency: 19.5%
- Size: 1,463 x 1,053 x 35mm
- Warranty: 25 years
Best looking: REC Alpha Pure Series 410W All Black
At the forefront of the solar energy industry, REC Group (Renewable Energy Corporation) is a global company that pioneers clean, sustainable power solutions to empower consumers and create a greener future. The Alpha Pure Series of solar panels have award-winning Twin design splits that not only make their solar panels more visually appealing but also ensure more reliability.
- Price: £350
- Max. efficiency: 22.2%
- Size: 1,821 x 1,016 x 30 mm
- Warranty: 25 years for product, performance and labour
Best power output: Trina Vertex S+ 425W
Trina is known for their innovation in the solar industry and has broken 25 world records on solar cell efficiency and power of their solar modules. Their Vertex S+ 425W in particular is known for its high power output at a valued price point.
- Price: £250
- Max. efficiency: 21.3%
- Size: 1,770 × 1,096 × 30 mm
- Warranty: Up to 25 years product warranty and 30 years power warranty
If you’re in the market for alternative LG solar panels but can’t decide, don’t worry. As you’ve seen, there are plenty of alternative options available from top manufacturers like Project Solar, SunPower, Panasonic, REC, and Trina. It doesn’t have to be a difficult decision. The key is comparing quotes from them so that you can make an informed decision.
Comparing quotes gives you the freedom to determine what’s the best deal for your home. So rather than spending hours calling installers and asking for quotes, all you need to do is spend one minute filling out our simple form. Then you’ll be on your way to receiving up to 3 free, no-obligation quotes from trustworthy installers in your area.
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FAQ
As a writer with a deep understanding of low-carbon energy systems, Hannah aims to breakdown knowledge barriers and share insights to empower individuals in their pursuit of creating more environmentally conscious homes.
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