I can tell you right now, that this is one of the most common questions that every solar installer in the world will get asked.
I would also say this question has been asked for decades, everyone wants to know the answer.
Which should I go for, LG or Sunpower?
Which is better value for money?
Which of these panels are the best? Is one better than the other?
LG vs Sunpower… Which would I choose (as an experienced solar installer)?
Well, where do I start. There is so much to cover to get the answer that we are looking for. I’m going to take a good look at both of these solar panels so that you can decide which one is the winner for you.
Ok, so let’s dig in deep and look at both of these solar panels for a logical buyers perspective to find out which one is best.
If you are still in research mode and unsure on what solar systems you need, please feel free to read my guide on how to buy the best solar panels for your home.
I’m going to break this down into a few areas which I feel count the most. They are the main areas to consider when choosing between LG or SunPower solar panels for your home.
I’ll also explain why they are important, and which areas you should really consider. For example, I usually tell homeowners not to worry too much about the solar panel efficiency. It’s always changing and evolving.
It’s really hard to say. Both of these solar panels are super high in quality. This is the reason why they are both so popular. People buy LG and Sunpower based on their performance and quality.
However, when I take a deep dive into their performance it does show that SunPower might have the lead here. To work this out I took a look into the degradation of both LG and Sunpower solar panels.
SunPower guarantees that after 25 years, their solar panels will still perform at 92% of initial output. Whereas LG solar guarantees 90.8% after 25 years, which is just less.
Although it may not seem a lot, when you add up each solar panel it does make quite a difference. This means that you will be getting more energy from a SunPower system after 25 years, over and LG solar system.
So in saying this, I would say that Sunpower does perform better than LG in terms of quality and long term performance. If this is something that’s important to you, then Sunpower is your right system.
Now both of these solar panels are providing extremely good panel warranties. Both LG and Sunpower have 25 year performance warranties guaranteeing a certain % of performance even after this period of time.
Also, they are both offering 25 year product warranties for their solar panels. This is way ahead of every other solar panel manufacturer in the industry. 10 years ahead to be precise. The product warranty covers any faults or damage to the solar panels for 25 years.
However, something that isn’t as obvious to others is how secure these companies are to back up their warranties. For example, if you purchased your solar panels today are these companies still going to be around in 25 years?
This is where LG has come out on-top. Not only does LG provide solar panels but it’s also a multi-million dollar electronics provider. This is different to SunPower because they only manufacture solar panels.
Although it’s highly unlikely, if something did happen to the industry then Sunpower would go bankrupt. Whereas LG solar would still be able to keep run using its different areas of business.
For this reason, I think that LG has the better warranties of the two. Yes, Sunpower may provide a slightly longer performance warranty… but can they back that up in 25 years?
Everyone knows that Sunpower solar panels are one of the most efficient in the industry. Shortly following are LG solar panels offering a similar conversion efficiency.
For the Sunpower maxeon 3, they offer an incredible 22.6% efficiency.
For LG NeON 2 you’re looking at 21.1% or NeON R 22%.
So yes, Sunpower solar panels are more efficient than LG panels. Essentially on paper, this means that Sunpower panels will convert more sunlight into energy. This would mean that you would get energy for cheaper, and pay off your system faster.
But… Does it really matter?
Considering the price difference then no… not really.
Because Sunpower actually costs more than LG, it means the pay off time would be pretty much the same. It actually cancels itself out.
Additionally, solar panel efficiency might not actually matter as much as you think. At the end of the day your system will be the same size.
E.g. A 6.6Kw system is always going to produce 6.6kw of energy. Using solar panels with high conversion efficiency will help you generate more energy, but will cost more.
So at the end of the day, this should really be something that you prioritise when choosing between Sunpower or LG solar panels.
Like I mentioned above, reputation and bankability should be something that you consider with these two solar panels.
You wouldn’t just buy a solar panel that didn’t have a good reputation or name for itself. Nor would you trust your warranty with a company lacking finance or close to bankruptcy.
Warranties and performance are really what sets these solar panels apart from the crowd. It would seem that LG does have the better reputation and the better bankability when compared to Sunpower.
This is down to it being such a big company with leading market share in the electronics industry as well. LG is more financially stable by the looks of things. They have also been around for much longer than Sunpower.
In saying this, Sunpower is very financially secure so please don’t worry. It’s just a well known fact that LG has a bigger reputation.
This is most likely down to them being around for a lot longer, and manufacturing electronic appliances as well. They have a good reputation in general.
This is where it gets really interesting. SunPower have adapted to the market by making their performance solar panels much more affordable for homeowners. It comes as pressure continues to be placed by other affordable solar panels such as Jinko and Longi.
However, LG have not. They are still more expensive that Sunpower and have not adapted to the pressured from the market change. This means that you can get SunPower solar panels for a much more affordable price than LG.
To me this is a bit of a gamechanger. I mean both panels offer great warranties, fantastic performance and high efficiency.
I guess it only comes down to one thing now…
Price. And SunPower wins here. By a long way as well.
Like I always say, with a lower price comes a faster return on investment. Therefore, with SunPower you will be getting the faster return on your solar system when compared to LG. If you are looking to slash your costs fast, and take advantage of a speedy return on your investment then SunPower is your panel.
Its great to see that Sunpower have made this change in price to cater for those who cannot afford the higher end products. It shaping the solar industry to become more affordable for everyone, after all the sun is free.
Of course it’s always good to compare these solar panels with budget ones like Jinko, Longi, Seraphim or Canadian solar panels. So here is a quick list of all the obvious wins and losses that LG and Sunpower have.
Honestly, both of these solar panels are solid solar panels. They are two leading solar panel manufacturers in the world. Either one of these are going to be a really good investment for homeowners.
If roof space isn’t an issue, and you have a large budget then why not splash out of Sunpowers aesthetic Maxeon 3. You will certainly have the best solar panels on your street.
If you are looking for a fantastic panel that performs well BUT is also affordable, then SunPower Performance will be your best bet. We are still waiting for LG to bring out an affordable panel.
However, if you’re looking for high end solar panels that has a huge reputation and a great bankability then LG would be the best option for you. Really, you cannot make a bad choice by going with either one of these solar panels.
After all, there are a few factors that can help you decide… so the question is
Which do you think is the winner? SunPower or LG…. You decide?
Let me know what you would go for in the comments below 🙂
Lightning Solar & Electrical