[PRICE ERROR/SEE NOTE] LG Energy 50% off Solar/Battery Packages - E.g. 3kw System with The 6.5kw L.g Battery

Moved to Forum: Original Link

First post so forgive any stupid errors.

I've been looking for a solar system so put my name out on solar choice only to get calls from what felt like every solar sales person in the country. Some amazing deals out there for solar only but I ended deciding to go for a battery system from LG just because I like technology and seems to be about the best deal around. Not to say battery systems will be 1/2 this price again by the end of the year. I've estimated for me the payback will be about 4 years to cost neutral.

Prices quoted are before government rebate - e.g..

Package 3: 3kw system with the 6.5kw L.G Battery priced at $7,999 comes in at $5,795.00 on the sale price after rebate fully installed, saving 50% off the normal RRP. (Estimated annual saving $1500 - although I think a bit generous). They told me package 4 comes in at about $6500 after rebate (bigger system means bigger rebate). Incorrect pricing.

Also worth noting I live in Sydney so not sure if prices differ between states. Also I think this deal ends this week and they assure me then prices will go back to full.


Mod:

  • Incorrect Pricing. The OP or the salesman quoted the wrong price. The price is $7,999 AFTER the rebate thus this has been moved to the forums as it is a price error.

  • According to the rep, they are not affiliated directly with LG Group or LG Electronics. They are only a reseller of their products and are not an authorised dealer with their business by choice.

  • 127 Creek St is Regus service office but all of their staff are based in different locations across Australia due to the nature of the products it requires Face to Face sales.

Update 2: See Solar panel scam: Hunt for the identity thief who cost scores of Australians their dream


Related Stores

lgenergyaustralia.com
lgenergyaustralia.com

Comments

  • +3

    Thanks for the first post, seems like a good price. Will solar power be the next eneloop?

  • +61

    That last sentence has been used by salesman since the beginning of time.

    • Yep, even the guy at the $2 shop says that.

  • +1

    How do these compare to the Tesla Powerwalls?

    • +1

      From my quick reading, it takes something like 10 years to pay off the battery, but the warranty on it is only 8 years. Something like that… it's not viable $$$ wise.

      • +16

        10 years to pay off.

        Essentially it depends on your power bills and Solar Generation vs consumption.
        (Or if you want to join the Reposit crowd, which is an entirely different set of standards.)

        i.e. it's best to have real numbers, but the costs of the battery aren't there yet. they also go up in price every time there's delays from Tesla.

        i believe Tesla powerwall is close to $0.20c/kwh, vs $0.30c/kwh for other batteries, which means it would supply 13kw per day, for at least 10 years, at a rate of 20c/kwh. this is a purely relative number, as the Powerwall 2 hasn't been installed yet, and charging/discharging rates would need to be limited to keep the battery within warranty specs. if the price difference between shoulder/midnight to 7am to peak is higher than 40c, then batteries would become a lot more popular.

        as you mentioned, cycle count or warranty limits might prevent the battery from living up to Tesla's 13.5kwh, but 3,500 cycles is close to 10 years. around the 5 year mark, the performance may taper off significantly, and by 2027, it might take 3 hours of charge and discharge in 1 hour. They also might start to offer 5 year lease deals on powerwall batteries under monitoring conditions if they can get production going, but it's another odd rumour that i don't think will happen.

        If we use napkin level math, because i don't know where you live, or what your rates are like, If your current bills are $800/quarter, in the region of 30kw used per day, that's around $9 of power per day, over 92 days in the quarter.

        a 5kw solar system will cover 12-20kw (2.5-4kwh of a 5kw solar), up to 50% of your daily usage, the battery will cover the other 30%. it probably won't cover the entire peak period through the entire evening, which might be 40-50% of daily consumption, ie 12kw to 15kw if you have electric heating/appliances, etc.

        This is where batteries come in. Batteries would cover this peak, hence the wishy washy repayment returns and the generous estimates. i.e. http://www.energymatters.com.au/solar-calculators/solar-batt....

        Those are really rough numbers. If you get a reliable i.e. battery ready 5kw system for $8k, it pays itself off if it brings your grid consumption down to 10kw per day instead of 30kw.

        On a $3300/yr bill, if it comes down to $1100, you pay it off in 4 years, but more like 6-8 years, as your own house might not handle 20 panels, more like 10-12 panels. And the price goes up if you have odd locations and odd numbers of panels, using enphase/solaredge instead of string inverter installs (cheaper, easier, older tech) or your neighbours have 40m high trees, etc. I believe the bump is like 20% extra for enphase/solaredge for the cost of the micro-inverters/optimisers that go behind each panel or pair of panels.

        It's all still a lot cheaper than say 2-3 years ago, i believe due to chinese made panels competing with German/US/korean/Japanese ones, even despite the government's solar panel rebate, which started to reduce in 2016.

        The other glitch is, if you're supplying power to the grid, you'll likely be moved from a flat rate, to peak/flexible/Time of Use rates, which is the main reason batteries are getting even a look-in for people. If a battery can only store the excess you don't generate, it's moving the 10kwh you have left over, to cover the non-solar usage from 3pm to 8pm when solar can't help.

        in relative terms, if the "credit" given for 20kwh of generated solar from your power company is around $1.50, and the price for 12kwh of power during peak might be $3/day from the grid if you have peak/flexible/ToU rates, that's $270 - 138 generated/quarter on your bills. The reality might be more fiddly, but if you can bring 12kw down to 4kw during peak, that's the goal. reality, might be that the battery becomes weaker over time, usage goes up, prices go up,solar goes down, and you also need to charge the battery overnight as well as solar during the day.

        IDK if the powerwall 2 lets you charge to 50% overnight, but it can be an option if capacity empties out and you know it's going to be cloudy the next day. it can affect warranty due to additional cycles.

        If you're paying $3,300/yr in electricity, and the solar + battery system costs $22k (i just have no idea how much a 13kwh powerwall 2 or 10kwh LG chem resu system would be with a 5k fronius setup, better than $13+6k hopefully), then you repay the solar in 5-6 years at ~$2k/yr, and the battery in around 10-12 yrs. And then the battery itself, has an operational half-life and aging half-life of maybe 2000-5000 days/cycles i.e. twice daily charge/discharge for ~7 years then your 13kw becomes 5kw. But, it will be paid off in 2021, and there might be better battery tech and higher grid prices for power.

        The other, other option that companies like reposit rely on is arbitrage.
        buying cheap, selling high.

        Storing a few KWh in multiple batteries, charging them in the shoulder/off-peak load period, i.e. midnight to 7am depending on the area, then selling the excess when the price is far above the cost to charge the battery, i.e. in emergency or surge periods. The principle is good, as long as you live in an area of the power grid that has surge pricing and needs a few KW. I believe the setup is above $1k for the reposit monitor, and relies heavily on how terrible the supply grid is in your area. you don't even really need solar for reposit, just the batteries for storage. the ROI on reposit is even sketchier than solar + Batteries.

        • -3

          Tldr

        • @MrWiretap: you should have jumped straight to the Executive Summary …

        • @MrWiretap:

          Lots of solid info in his post, so your loss.

        • Great effort and description, thanks, except for the word math.

        • Some good points, but you have made to many assumptions which favour batteries. Go and check out some of the reports by the Alternative Technology Association,they will provide more rigour to your awesome arguments! :)

        • +1

          Good post, just a couple of minor things:
          - Powerwall 2 is retailing for $10k installed. It has 13kWh of usable capacity.
          - The average Aussie house uses around 20-22kWh per day, and conservation beats extra panels/batteries
          - The Reposit stuff looks uneconomical to me, or at least you are counting on them being around a long time.
          - You mentioned being forced to time-of-use tariffs if you have batteries. I don't think this is universally the case, but if you have 13kWh of storage, you likely will find TOU most economical/lucrative
          - The warranty covers performance out to 10years. I think it is reasonable to assume you will have some capacity after 10 years, so a payback within that time results in that excess capacity 'for free'
          - Here is a link to an analysis including time value of money for a consumer with solar already installed showing grid parity: http://reneweconomy.com.au/teslas-price-shock-solar-battery-...

    • +1

      They quoted too, on the new Powerwall 2 with special introductory discount was $16670 for 3kWp Solar System with 14kWh Tesla Powerwall 2. Had to give a direct comparison now as different specs except to say Tesla much more pricey!

      • Tesla Powerwall2 is supposed to be around $10k installed. So $6.6k for 3kW panels sounds a bit high.

        • "around $10k installed"
          Just for the batteries, or panels/inverter/everything?

        • @Brissy1:
          Powerwall 2 includes the inverter. Check it out on the Tesla web page.

          No panels included hence my comment that a $16k system for a Powerwall 2 + 3kW of panels seems expensive for the panels.

        • @Brissy1: Quote by Tesla
          8K battery 2K install & hardware

        • Where from - best quote I've had so far (SA) is for just over $13K!

          Would love to get one for $10K to attach to my 6.5kW system :)

        • +1

          @iceborg:
          Tesla quote $8k + $2k (starting) installation costs inc GST.

          https://www.tesla.com/en_AU/powerwall

          If you're getting that much higher I'd ask for a justification. I can't see $5k of installation costs but obviously very dependent on your house, existing system etc.

        • -1

          @Shonky:

          That pricing does not include a BBU or islanding module, without them you cannot draw from the PW unless there is an active power line available (ie if you have a blackout it will not work)

        • @MATTDAMON:
          So? That wasn't mentioned as a requirement for the price.

  • +1

    how about solar only? can you share your research? =D
    also what rebates are you referring to?

    • +4

      Too much info to put in this post sorry, best price i found for a 5kw solar system installed was dollar solar at $2999. There are a lot of shonky systems etc out there and after reading reviews I wasn't totally confident. I also contacted Euro who said they had one last system in my area at bargain but must decide NOW. Got sick of pressure sales in the end.

      • +13

        "one last system in my area"

        What a load of horseshit, such shonky tactics…glad you resisted the pressure.

      • +1

        Euro solar are absolutely horrible to deal with. They are literally spam. I called up before googling them and constantly received " special tv price " last week only " today only " emails / calls / SMS texts with spelling mistakes for a long time after trying to tell them to take me off their list about 10 times.

        I feel sorry for anyone that uses them.

    • +4

      I have had a 5kw solar system for 2.5 years and I have been tracking its value closely.
      It cost $4800 in 2014 and "saved" me $931 the first year, just under $900 the second year, and $2300 total by now.
      It averages 21.3 units per day (lifetime) of which I typically export 14.6 and use 6.7.

      Assumptions:
      WA / QLD climate. (I am in WA)
      NW/N/NE roof. (My roof is NE, N will be better, you can split E/W but that costs more in panels)
      23c power (The more power costs, the quicker your solar will pay itself off)
      7c feed in (The higher your feed in, the quicker your solar will pay itself off, iff you produce more than you consume)

      • +2

        Great post.
        I've done similar monitoring on my system:

        Installed back in March 2011 (WA)
        3kw system, 16 panels & North facing.

        Initial cost was $8500

        The system paid for itself within 5 years.
        We did however manage to get in before the govt rebates were stopped, so we a receive a 47c feed in tarrif.
        That being the case, it doesn't make sense for us to look at a battery storage system for at least another 4 years (when the rebate is scheduled to end).

        Here is a breakdown of how many units were generated, and the saving per year (based on $'s from feed in + $'s saved using generated power)

        1st year 5361 units $1706 saved
        2nd year 5380 units $1855 saved
        3rd year 5358 units $1836 saved
        4th year 4983 units $1644 saved
        5th year 5243 units $1801 saved
        6th year 5009 units $1753 saved

        Average daily units generated over the 6 year period is 14.3

  • Doesn't seem like you get much battery for the price? You only get 126Ah with the 6.5kw system?

  • What rebates are you referring to as I've been trying to look for NSW solar rebates?

    • Not sure, I think Federal. I have it in writing from LG so thats all I care about.

    • NSW just have Federal, I think SA have some battery cash back

  • +16

    Please do your due diligence. I was tempted too but got weary at why they block there registration details for their websites whois.

    Also why name their company so similar to LG but when you look up LG solar website to see if they are listed as a distributor in QLD… it's not there.

    So do your checks.

    • good for the brisbane folks? ;)

    • +23

      Thanks for this.
      LG's Australian website is not this one.
      And they do not list this company as a dealer:
      https://www.lgenergy.com.au/dealer/search?DealerSearch%5Badd...

      And the ABN says they are not registered for GST.
      http://www.abr.business.gov.au/SearchByAbn.aspx?SearchText=6...

      And they only changed their name a month ago, previously being "SOUTHERN ENDEAVOR PTY. LTD." (which could be a shelf company).

      Maybe this is a brand new marketing company set up by LG, or maybe it is somebody shonky getting all the sales they can this week before they disappear. Take care you know who you are dealing with.
      The LG Australian site doesn't mention this deal:
      https://www.lgenergy.com.au/

      • +19

        ASIC says the ACN has only been active for 2 weeks. Mod: Incorrect, ASIC says registered in July 2016.
        The web site includes no links to other LG sites, and has no info on the company, only stuff about LG.
        The prices are substantially below everybody else in the market.

        I'm negging because it could be a scam, I'll revoke if anybody gives me any reason to think otherwise.

        • +2

          Gonna neg for the same reason. Would be happy to be proven wrong but find it highly unlikely…

      • +7
        • Thanks for the website, had contacted a solar energy place months ago but didn't make a decision as things came up. Went to search the company and they didn't appear- seems I dodged a bullet there.

      • +3

        Seems dodgy, as you have observed,they are using the LG logo and have a different web address compared to LGenergy.com.au

      • +1

        Thanks, might look into this tomorrow. I was planning on paying but might ask more questions. Any advice on how to check further before I pay?

        • +17

          127 Creek St, is next to my office, will pop in during lunch to have a look if they have an office in the building.

        • +3

          @F1Maniac: Great, please post how you go.

        • +1

          Don't pay nothing until you contact LG Australia and chat to them about this mob… however another way would be to find a dealer listed on their website and check out whats the story…

        • +1

          Please be careful. Getting ripped off will cost you more than just paying the most expensive quote now. Plus it will make you feel like shit inside.

        • @F1Maniac:

          Don't waste your time. Just call and I bet it'll go to voicemail or the call quality will be very low.

        • +3

          @thegrinch: unfortunately nothing in the building http://imgur.com/a/lfG3Z

        • @F1Maniac: nice photo but maybe the sign is out of date, Ive seen that before. I just went to a screen place but the sign out the front said aussie home loans

        • @thegrinch: this is an electronic screen mate so if anything I expect th3se to be up to date. Concierge wasn't there so couldn't ask.

        • @F1Maniac: so was mine, you can never just assume unfortunately

        • @F1Maniac:

          It's a Regus Serviced Office. Level 22 so would come up as Regus on the next screen.

    • The site says
      "LG Energy Solutions is a reseller of LG products nationwide. “ So not a subsidiary of LG and they do not have LG logo on the site.
      The main page Video title has Korean subheading for some reason.
      I will suggest to check with LG about this company before going ahead.

    • They have their address listed as

      127 Creek Street
      Brisbane, QLD, 4000
      Australia

      Anyone in Brisbane drive past to see if it's legit??

    • Their response "Please read our website we are a reseller of LG this is explained on every page. We are not a LG dealer by choice, LG dealers have to sell products at certain sell rates, if you are a reseller like us you can sell the product at any rate you choose. "
      I agree there is not necessarily anything wrong with buying something from a reseller.
      I just purchased a product from wireless one, the company making the product had no idea they sold it, it was almost half the rap, but still comes with guarantee, invoice etc and is protected by consumer law.

      • +1

        But this is $7000. A bit more than a wireless device.

        It's just shonky that they have LG in their name and they use the same LG red colour to make it look like they are related.

    • +1

      The domain was registered on 15/02/2017: https://who.is/whois/lgenergyaustralia.com Do your checks

  • +26

    ya but does it bootloop ?

    • Lol

  • +2

    While I liked the idea of Solar Power so much I think it has gotten a bit overpriced right now in Australia. I bought a system after calculating it would take around 9-12 years to pay off, since it had a 15 year warranty I thought everything was okay. However if you read your contracts on systems installed you will find the warranty is only on the parts themselves not the whole system and to keep the system warranty you needed inspections. My system broke down after a year or two (water pooled in an area they installed) and I wasn't covered since I did not do these "Inspections" which I found out cost around $250 each time which completely ruins the savings calculations.

    So I would say watch the space but don't expect too much until you can pay off your own system in about 5-8 years because the other hidden costs will make it excessive.

    • +1

      I wasn't covered since I did not do these "Inspections" which I found out cost around $250 each time

      Yep, this sounds a bit shonky, especially if they didn't set up the inspection themselves or sign off on a service contract to ensure the warranty. at best, you'd hope they go up on a ladder and check for weathering or cracked/dusty panels, etc. 15 year warranty is probably on the inverter, or the panels, not the install.

      Ideally, the installers set up remote monitoring so they can get an alert, but i'd guess the basic installs don't come with much. This also sounds a bit like the Origin Energy installers that setup Clenergy and AeroSharp and other flaky 1kw/2kw cheap inverters in 2014-2016 that broke after a few months. I believe the word most often used was 'cheap chinese made sh*t'

      ie http://www.productreview.com.au/p/origin-solar.html and https://www.solarquotes.com.au/installer-review/origin-solar...

    • I have had my system 6 years and it's 10kw, and the only thing that has gone is a small fan in the inverter, it actually still works but makes a high pitched sound. The company I bought it from went bust so I am on my own, however the part can't cost more than 10 bucks, hopefully it's not hard wired, it looks like a regular CPU case fan

  • +3

    This sounds too good to be true… the cheapest Ive seen the 10KWH battery so far is 5595+ gst for 48v or 6496+ gst for 400v. This does not include delivery or installation.

    That leaves $2500 for 16 Panels + inverter after rebate…. i am sure you can get some setup for that… but don't think LG 300W neons are that cheap… I'll check multiple times before committing…..

  • We'd best wait for Tesla to present their energy solution and see if it's better.

    • Tesla Powerwall 2 retails for about $10k installed.

      • Any comparisons here on where to get the Tesla wall from in Sydney?

      • Whats the capacity of the powerwall?

        • +1

          So this(LG)is not even close of a good deal..
          Spam at best…
          Also thier website looks soooo dodgy with the fake logo and all…

          Untill someone (except 0p) can prove they think this is a good deal and send me proof of purchase, im not convinced.

        • @0p:

          PowerWall 2 orders are backlogged, getting one installed in 2017 might be fantastically optimistic.

          LG's are available, and the specs are, well, they're in the ballpark of a regular Powerwall 1 unit. For a 13kwh unit, you'll likely need a 4kw solar setup minimum, or 5-6kw of panels to actually charge the battery to full on a daily basis.

          The LG's are 6/8/10kwh, so they can work with smaller solar setups.

          Also, afaik, there are no live PW2 installs, so it's all on assumptions and promises. The 10 year warranty on the PW2 itself, various warranty provisions have also changed, limited to single charge/discharge cycles for solar use and requires online monitoring by tesla to maintain the warranty period or the warranty is void.

          LG's are actually purchaseable, even though the pricing's not as good.

          solarquotes has a brief report, with more info eg.
          https://www.solarquotes.com.au/blog/new-lg-chem-resu-batteri...

          and a comparison listing for all of the battery options available, including relative pricing. https://www.solarquotes.com.au/battery-storage/comparison-ta...

        • -1

          @toliman:

          My PW2 install happens in 2 weeks, had the installation company + tesla rep out at my place on Friday double checking my existing solar and it's install location.

          They are in the country and installs start this week apparently.

          No islanding unit available yet though not until may.

        • @MATTDAMON:

          I wouldn't get your hopes up. Grid connected solar inverters cannot be installed unless they comply with AS4777.2:2015
          The AC Tesla powerwall 2 does not yet have approval.

          https://www.solaraccreditation.com.au/dam/solar-accred/solar...

          Further to that, the new AS4777.1:2016 standard limits the total grid connected inverters on a single phase to 5kW unless specific excemption is given by the local distributor. As of today, no distributor has given a specific excemption.
          This new standard comes into force this Thursday.

          https://www.solarquotes.com.au/blog/powerwall-2-as4777/

        • @wholistic:

          This is adding to an existing install so does not have to meet the new grid tie AS, which is a 5kw inverter anyways

      • +1

        Musk was talking about some kinda of Solar Roof he was working on that was cheaper than conventional roofs, I've seen the Powerwall it looks pretty cool in person.

        • +2

          The solar roof is a replacement for shingle roofs that are common in the US. The life span of one of their tar shingle roofs is about 15-20 years, so they need access to maintain the roof which probably involves moving panels, all adding costs.
          With tile or tine roofs in Australia we don't expect to have to replace the roof for decades, so it isn't a big deal here.

  • +1

    Price seems ridiculously cheap. I'm currently in the market for a solar system and Neons with storage for less than $10k you'd be doing well. Even though the inverter is average, the price just seems way too good to be true. My advice would be to approach with plenty of caution.

  • +5

    In SA the AGL 11kw battery system costs approx 3.8k for a rrp$20k+ system

    Payback period = every couple of months when the state blacks out.

    https://aglsolar.com.au/power-in-numbers/

    • That seems ridiculously cheap

    • We had it installed early this month, and going well.
      (We already have a 5.8kV PVA)

      AGL will upgrade out 7.5kWH battery to an 11.6kWH battery in July, at no charge.

      We paid a bit less than $4.5k, including the option to disconnect from the grid and use the battery to power the house if there is a power outage.
      There is a $5k penalty if we withdraw before 5 years.

      All looks good so far, especially watching Jay Weatherill beat up on Josh Frydenburg at the launch :-)

      I work with electricians and electrical apprentices here in Adelaide, and there is a lot of interest and take-up among electricians.

  • +1

    This doesnt seem to be an offer from LG. The domain is even .com not .com.au

        • +1

          They're not a listed dealer on the government website how are they going to give u a rebate ?

        • +2

          I'm not debating LG vs Tesla batteries. The bigger issue here is that the company you're dealing with very much looks like a dud. Again, I hope for your sake you haven't handed over any money…

    • +6

      Tesla have not run out of stock worldwide, that is utter bullshit. Infact they never had stock, their 2170 battery production went into Powerpacks, not Powerwalls, because demand was so high. The Powerwalls are going on sale worldwide next month. Tesla wouldn't refer anyone to another business, that's not their MO.

      • Some of those Panasonic cells went into my torches

        • Not from Tesla. Probably 18650 cells in your torch too. Same size different cell.

        • @thorton82: no I have 21700 cells! Tesla use Panasonic cells! They are not special cells. They are slightly longer so they can offer higher amperage.

        • @aussieprepper: same size but not the same battery. Tesla cells have different chemistry to standard cells.

        • Same size but not the same battery. Tesla uses different cell chemistry.

    • +6

      As somebody who is prominent in the solar industry I can 100% confirm that what you have been told is entirely false. You have been lied to in order to gain a sale.

      • Please elaborate.

        • -1

          Firstly Tesla hasn't run out of stock. They never had the stock to begin with. Tesla is a company that promotes and takes preorders for a product that doesn't even eventuate. (See Tesla Powerwall 1 Weekly cycle model or Tesla Powerwall 2 DC).

          Secondly, rebates are not ending in July. The solar rebate scheme is being ever so slightly reduced every year on the 1st of January for the next 14 years until it is completely phased out.

          Lastly, this company is not associated with LG, as a matter of fact I believe LG is taking action against them for misleading consumers.

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