LG has stopped making solar panels, much to the dismay of many. It’s not the only company folding in solar panels.
Many businesses have shut down, gone bankrupt, or been bought and sold.
Many are wondering where to source panels, as LG no longer manufactures solar panels. You might also wonder where you can service your meetings if you are an LG solar owner.
We’ll discuss why LG no longer manufactures solar panels and whether LG offers warranty support for the future. Also, where can you find a reliable solar provider to source your solar panels?
LG STOPS ITS SOLAR BUSINESS!
South Korean manufacturer LG has announced that it will cease making and selling solar panels as of February 23, 2022. All of its solar manufacturing plants will be closed. This is to make more money in other areas of the business.
LG claims that supply shortages, rising costs for materials, and logistics are the main reasons for stopping solar product manufacturing. According to the company, it doesn’t think it can compete in the current solar market.
Despite tariffs, solar products from East Asia are still affordable and highly sought-after. Even though the Biden administration reduced solar taxes by a few dollars, LG’s premium products still have high prices that are too expensive for American consumers.
These days, high-quality and affordable solar panels are more common than ever. LG was faced with the choice of raising prices to avoid import tariffs or stopping operations entirely.
LG WILL PROVIDE SUPPORT IN THE FURTHER FUTURE BY ENDORSING WARRANTIES
Many LG panel owners are worried about future support due to LG’s change in the business model.
LG has stopped making smartphones since 2021, a service it had provided for decades. However, it offers a 1-year warranty and operating system updates. LG ended production of solar panels in the second quarter of 2022 (June 30). However, consumers may still be insured.
LG will continue to repair or replace any defective solar products within its 25-year warranty period. LG solar panel owners can take a deep breath of relief.
However, those looking for solar panels should remember LG.
CHOOSING A CREDITABLE SOLAR PROVIDER
Although LG is the most well-known company for solar panel production in the marketplace, it is not the only one.
Many reliable and credible solar providers, like Freedom Solar’s 25-year warranty, offer outstanding warranties. This warranty covers the product, its performance, and any maintenance.
Be wary of companies that promise more than is realistic. Some consumers end up with high-priced solar panels that perform differently than promised.
Solar systems purchased from unreliable providers often need to be fixed, and solar owners pay more for their electricity. Owners may require multiple replacements and their warranty does not cover many repairs.
It is crucial to research any potential solar product sales before you make any commitments. Solar is an investment. Consumer must do their research and make the right choice when choosing a solar provider to do business. Your money and energy consumption are at risk.
It is also the responsibility of the solar provider to be honest and credible about what it offers. Failing to sell faulty equipment is not just bad business practice, it’s also bad ethics. Freedom Solar takes care of its customers by providing them with the best equipment and service.