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LG Solar Panels in 2022: Are They Worth It?

dark monocrystalline solar panel

LG is one of the top three most popular solar brands in Europe

LG has announced that it will stop producing solar panels in June 2022

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The solar panel industry has grown massively over the past 10 years. According to the government’s 2020 report, there are now roughly 970,000 UK homes with solar panel installations, compared to virtually zero properties with solar panels a decade ago.

And LG has been providing people with panels since the beginning of this journey. After researching solar for 23 years, the company launched its solar panel branch in 2010, and has been one of the world’s best manufacturers since.

Want to learn more about what LG has to offer? Check out our detailed guide below.

Alternatively, if you find that LG panels aren’t right for you, pop a few details in this short form to find the best solar panels for you and your family. Once we hear from you, we’ll pass on your information to our trusted suppliers, who’ll get in touch with their best solar panel quotes for you to compare.

dark monocrystalline solar panel

Does LG manufacture solar panels?

LG started manufacturing solar panels back in 2010 – when solar first began to emerge in the domestic market – and has since been recognised internationally for its products. The company has even won various awards along the way, including the Intersolar Award in 2013, 2015, and 2016.

This tech giant produces all of its solar panels in various in-house manufacturing facilities, located in Alabama and Gumi, in South Korea. The Alabama branch alone has a total capacity of 550 megawatts (MW) – in other words, it produces enough solar panels for more than 91,000 homes every year.

However, despite this success, LG has announced that it won’t be manufacturing solar panels from the end of June 2022 onwards. In the announcement, the company stated:

“LG has recently made the difficult decision to close its solar panel business to focus on other businesses that will provide new experiences and value for our customers.”

Why has LG stopped making solar panels?

LG has said that the decision to stop making solar panels was due to “uncertainties in the global solar panel business,” which include price competition and the rising cost of materials.

Gutted that you’ll be missing out on LG’s solar panels? Well, you’ve still got a few months to snap one up. LG plans to continue solar panel production through to the end of June 2022 “to maintain adequate inventory for future service support”.

The company will also maintain support for existing solar panel customers – although, it’ll only offer this “for a period of time after the business’s closure”.

How good are LG solar panels?

There’s a reason why LG is one of the top three most popular solar brands in Europe. Its solar panels are efficient, long-lasting, and easy on the eyes – we even included them in our round-up of the best solar panels on the market, praising them specifically for their high efficiency.

With an efficiency rate of 22% and a 25-year guarantee that its level won’t drop below 90.8%, customers can rest assured that their panels will reward them with plenty of energy for years to come.

However, anyone buying LG panels between now and June 2022 should double check whether this warranty will still be in place once LG stops manufacturing the panels.

How long do LG solar panels last?

Generally, solar panels last between 25-30 years – with most still producing electricity long after this, just at a much lower rate.

LG suggests that its panels are guaranteed to last for 25 years, and are likely to hold out longer than that. This is why the company offers a 25-year warranty against defects, breakage, or any other product issues. 

To outline how reliable its panels are, LG suggests that less than 20 customers in Australia have claimed on their warranty due to manufacturing faults in the past eight years – which says a lot, since over 800,000 panels have been sold in Australia.

How much do LG solar panels cost?

You can expect to pay up to £400 for an LG solar panel, but this will depend on the type of panel you go for, as well as the wattage.

To give you a better idea of how much it’ll cost, we’ve listed some of LG’s price ranges below.

LG productPrice range (excluding installation cost)Warranty
NeON R£250 – £40025-year warranty
NeON 2£185 – £35025-year warranty
NeON 2 Black£225 – £37025-year warranty
NeON 2 Bifacial£215 – £34525-year warranty

If you’re tempted to get yourself an LG solar panel before they stop producing them, it’s worth considering that support for customers of existing panels will only be available “for a period of time after the business’s closure”.

Are LG solar panels still available in the UK?

LG solar panels are still in the UK – but since they’ll stop production in June 2022, you might struggle to find them after this point. It’s still uncertain whether companies will stock up on LG models in the meantime, so it’s worth getting them sooner rather than later.

Next steps

LG has certainly helped solar panels find their space in the renewable energy industry – supplying hundreds of thousands of panels to homeowners around the world. However, as prices for materials increase and competition grows, LG has decided to call it quits.

If you’re still on the hunt for the right solar panels for your home, you don’t need to give up now that LG has stopped producing panels – there are tons of options out there. Want to speed up the process of finding the perfect match? All you have to do is pop a few details in this short form. Once we hear from you, we’ll pass on your information to our trusted suppliers, who’ll get in touch with their best solar panel quotes for you to compare.

Beth Howell Writer

Beth has a real passion for green living. She’s been absorbed in eco research for over three years, and has become quite the expert. Whether you’re after a new set of solar panels, a home energy improvement, or you want to catch the latest eco news, she’s got your back.

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