Switching to alternative energy is definitely a good form of investment. As a matter of fact, there are tons of benefits you can gain in switching to renewable energy. Firstly, you will be able to save money from infinitely increasing monthly electricity bills. Second, you will also be able to store energy to use in case of power outage. More importantly, you will be able to give back to the environment and even save the same.
Although resorting to renewable energy is a good form of investment, you still have to consider choosing the best solar panels in order to guarantee quality and reliability. So what are the best solar panels in the market today? Let's take a look first at Panasonic and LG Solar to know more about solar panels.
Panasonic vs LG Solar
We first take a look at the considerations to be used to determine the most suitable solar panels. We need to take a look into cost, efficiency, weather conditions, product warranty, power guarantee as well as company financials and reliability.
To start, Panasonic and LG Solar has the same efficiency rate. This means that the heat absorbed by the solar panels have high percentage of being converted into usable electricity. It is important to take a look into the level of efficiency as it will dictate the amount of usable electricity stored and used in a period. Also, both Panasonic and LG Solar has outstanding company financials. Panasonic and LG have been in the business for a considerable length of time, which has proved their reliability and trustworthiness. If we try to look into the cost, they are also within the same price range. The average cost per watt for Panasonic reaches $3.00 while LG Solar reaches about $2.90.
Of course, you cannot expect the same to be cheap since they are made of quality materials. If you are looking for a wise investment for solar panels, then you can trust Panasonic and LG to deliver the job.
What sets Panasonic and LG Solar apart is the fact that the former has guaranteed 25 year power. This means that it can last and can work properly for 25 years or even more. LG Solar, on the other hand, has the average of 15-20 years of power guarantee. This fact is very telling considering that if you are going to make an investment with solar power, then you need the same to last for the longest time. According to studies, after 25 years, Panasonic still works at 91% efficiency rate while the LG Solar will work at about 84% efficiency rate.
Conclusion
All in all, Panasonic stands as the most suitable solar panel considering its 25-year guarantee and efficiency. Although LG Solar is also a competitive brand when it comes to cost and efficiency, it loses its value after only 15 years, which is a very telling factor. So if you have already decided on the type of solar panel to use, make sure to contact a licensed contractor to do the job for you.