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Get solar offers 100% online leveraging the LG Solar Marketplace.
Your dedicated LG Concierge Energy Advisor will guide you step-by-step toward the best LG solar option for you.
When you go solar, ask for
the brand you can trust: LG
An 80%+ drop in solar panel costs in just a decade, plus several financing methods today - makes solar power more lucrative than ever. An investment in solar energy, like any other smart investment, should produce high returns without burning a hole in your pocket. A variety of government incentives, such as the Investment Tax Credit (ITC) or state-level rebates make solar an attractive proposition. Lower costs and the freedom to purchase or lease has made solar a highly accessible commodity for a much broader customer group.
In the past few months, the world has witnessed one of the most challenging times in human history. Covid-19 has destabilized economies and health systems. It has, however, also made us realize the importance of energy security and more sustainable ways of living. Worldwide, organizations like the UN and World Economic Forum have voiced the importance of a 'green recovery' from the pandemic. For homeowners - along with health and economic security - energy security now matters more than ever. But how much financial sense does solar really make? When it comes to numbers, is it really worth going for? Fortunately, the answer is yes. There are several reasons why solar is one of the most practical energy sources today.
Among the several incentives that make solar more lucrative today - the most important is the federal Investment Tax Credit (ITC). The ITC is a mechanism that allows homeowners or businesses to receive a tax credit equivalent to 26% (22% in 2021) of their investment cost of a solar energy system. Who wouldn't want to save 26% on a purchase?
Many states also have their own incentive programs for solar.1 These may be in the form of a direct rebate per kW of installed capacity or an additional tax incentive. For example, there is a sales tax incentive for purchasing solar equipment in California, or a utility rebate program in Minnesota.1 You can find more detailed information on state-wise incentive programs on our blog page.
If the buying incentives aren't enough, there are also options to purchase solar panels on a lease-basis - where there is no upfront payment and homeowners can pay for the system on a monthly basis. It is, however, true that leased systems might mean extra work in transferring the lease when selling your house. Additionally, leased systems save slightly less than cash purchased systems in the long term. Despite these limitations, they are still a great solution for homeowners who are interested in residential solar financing instead of spending larger sums upfront.
Another plus with a leased system is that once the system is up and running, it can help pay for itself. Savings earned from the system can, in turn, be used to help cover lease costs. This means the customer has a much more robust cash-flow and a significantly faster break-even.
Worldwide, solar is replacing coal as the cheapest power source.2 Over its lifetime, it costs dramatically less than grid power, while the availability of solar panel financing companies makes it even easier. Naturally, people from more diverse income brackets are now finding it easier to go solar.
At LG Solar, we understand the gravity of the pandemic and its social and economic consequences. And with this comes our willingness to support and educate homeowners - to make an informed decision toward going solar. We have designed smart tools such as the LG Solar Concierge platform, to show homeowners their respective savings from going solar, in just a few clicks. The platform also provides expert advice on government incentives and choosing the right system for your home.
Your solar investment will last decades, making it important to have a trusted manufacturer like LG who will support you for years to come. It is equally important to have trustworthy installers, which is why we have an established network of LG PRO installers nationwide who can provide accurate information, prepare ideal solutions for your homes, and install high-quality, long-lasting solar PV systems. To sum up, thanks to government incentives, financing options, and our reliable support - this is a golden time to choose solar for your home.
October 22, 2020
When you go solar, ask for the brand you can trust: LG
1. "Database of State Incentives for Renewables & Efficiency",
2. "Solar and Wind Cheapest Sources of Power in Most of the World",
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Because life waits for no one, at LG USA we create consumer electronics, appliances and mobile devices that are designed to help you connect with those who matter most. Whether that means cooking a nutritious, delicious meal for your family, staying connected on-the-go, sharing your favorite photos, watching a movie with your kids or creating a clean, comfortable place to celebrate the moments that matter, we'll be there for you every step of the way.
Designed with you in mind, LG products offer innovative solutions to make life good. With intuitive, responsive controls, sleek, stylish designs, and eco-friendly features, our collection gives you the power to do more at home and on the go. It includes:
Mobile: To help you stay connected your way, our mobile devices feature powerful smartphones, slim tablets and stylish smartwatches that fit seamlessly into your life. And whether you want to download the latest apps, shop online, text, track your fitness or just surf the web, they make it easy to do it all on-the-go.
TV/Audio/Video: If you can't get enough of your favorite sports, the latest movies, love 3D entertainment -- or just want to listen to your favorite music in stunning clarity -- our newest electronics can help you experience it all in a whole new way. Featuring brilliant pictures, lifelike colors and sound that envelop you from the very first note, our collection will transform your living room into a stunning home theater.
Appliances: Created to help you enjoy more of what life has to offer, our appliance collection features ranges and ovens that can help you cook healthy, delicious meals more efficiently, clean your dishes faster, do more laundry in less time, and even clean and cool your house so you can enjoy a comfortable space all year long.
Computer Products: Life happens in an analog environment -- and on a digital plane. And our newest computer products can help you experience the best of both worlds. Designed to give you crystal-clear images, deep blacks and rich colors, plus the speed and storage you need to work and play, safeguard memories and protect important documents, they can help you make the most of life in every way.
Explore our complete collection of LG electronics, mobile devices, appliances and home entertainment solutions -- and find everything you need to connect with your friends and family, no matter where they are.