Solar panel prices in Nigeria

Over Ten Years Nigeria have Recorded More Than Hundred(100)  Power Collapses Which have impacted Millions of Nigerians Lives and Their Business Including Nigeria Losing Billions Of Dollar as Result Of These Ugly Occurrences.

As a Result of the unreliability of the Nation Electricity System. Solar panels in Nigeria have become an increasingly Necessary and Popular option for both residential and commercial use.  

According to statista.com As of 2023, the solar energy capacity in Nigeria amounted to 112 megawatts, a significant increase compared to 2014 while the overall solar capacity of Africa has been  increasing since 2011.

With frequent power outages and a growing demand for Uninterrupted energy, solar power and Energy Companies Like Moreview offers a Reliable, sustainable and cost-effective solution for many Nigerians.  However, the initial investment in a solar panel system can be significant and Confusing.  This article will Look at the factors that influence solar panel prices in Nigeria, helping you make informed decisions about your energy needs .

 

Solar Panel Price Ranges

• 10 Watt: ₦6,000 to ₦15,000

 

• 20 Watt: ₦9,500 to ₦20,000

 

• 30 Watt: ₦14,500 to ₦24,500

 

• 50 Watt: ₦14,900 to ₦30,600

 

• 60 Watt: ₦25,500 to ₦33,600

 

• 80 Watt: ₦16,500 to ₦36,500

 

• 100 Watt: ₦20,000 to ₦40,600

 

• 120 Watt: ₦25,000 to ₦32,000

 

• 150 Watt: ₦30,000 to ₦50,000

 

• 200 Watt: ₦34,000 to ₦69,000

 

• 250 Watt: ₦74,500 to ₦78,000

 

• 300 Watt: ₦50,000 to ₦88,000

 

• 350 Watt: ₦75,000 to ₦99,000

 

• 450 Watt: ₦85,000 to ₦129,000

 

• 600W panels: ₦149,500 – ₦160,000

 

Benefits Of Solar Panel Installations

• High Return on investment: Solar panel ROI can be fast and can have a return on investment (ROI) of more than 15%, which is higher than the Return On Investment  of Many businesses.

• Property value: If You Own A Property, Solar Panel can Increase the value of your House by More Than 20%. Solar panels can also Make the rent Tenants pay to you to be higher .

• Reduced utility Cost: As We all Know that Influences Have Impacted on The Price Of Electricity In Nigeria and One The Utility That Have High Tendencies To Skyrocket In Cost Is Electricity Bill. Solar Panel Can Save You Millions Of Naira That Would have Been spent On The Ever increasing Utility Bills.

• Environmental benefits: The Environmental Benefits Of Solar Energy Too Numerous .Solar energy Does Not cause Pollution Like Noise Or Pollute Our Air. It Is Also renewable and inexhaustible. 

• Little Or No  maintenance: Solar panels require Little Or No maintenance to function properly and Optimally. 

• Long lifespan: Solar panels can last More 23 years.

 

Factors Influencing Solar Panel Prices In Nigeria

1 Brand Options: There are many Reputable Solar Brand Available In The Market Today such as First Solar, Canadian Solar, Longi Solar, Jinko solar, Risen Energy Among Others.

2 Prices can also vary based on the brand. For example Canadian Solar panels range from approximately ₦390 – ₦433 per watt While Jinko Solar and LONGi Solar panels are priced around ₦350 – ₦370 per watt.

2Market Demand: People Have Known the Necessary Importance Of Solar Energy In Nigeria. More Than 112 megawatts Of  Solar Is Used In Nigeria And Thousands Of Households Are Using Solar Energy In Nigeria. The increasing demand for renewable energy solutions in Nigeria has led to competitive pricing among suppliers Like.

3 Installation Expenses: It’s important to consider installation costs separately as they can significantly affect the overall investment in solar energy systems.

4 Quality and Warranty: Higher-priced panels often come with better warranties and durability guarantees.

5 Type of panel: Monocrystalline panels tend to be more expensive than polycrystalline panels

6 Currency Fluctuations: As We Know Nigeria Import Many Products Like Solar Energy Kits And The Steady Currency Fluctuations Especially In Naira – Dollar Transactions Impact The Price Of Solar Energy Systems In Nigeria.

 

These price ranges Do Fluctuate And Change Steady Due to Economic Conditions In Nigeria  and This Post Can  help potential You make informed decisions when investing in solar energy solutions in Nigeria.

We Moreview.com.ng can Help You Get The Best Solar System In Nigeria According To Your Needs Without Compromising Quality And Your Energy Independence.