How much does a solar panel cost in Nigeria
Discover 2024 solar panel prices in Nigeria! This guide covers costs for monocrystalline, polycrystalline & complete solar systems (1KVA-5KVA), plus where to buy. Get the best value for your solar investment!
How Much Does a Solar Panel Cost in Nigeria? (2024 Price Guide)
Switching to solar energy in Nigeria is a smart investment due to rising electricity costs and unreliable power supply. But one major question Nigerians ask is: How much does a solar panel cost in Nigeria?
In this detailed guide, we'll break down the current prices of solar panels in Nigeria, factors affecting the cost, and tips for getting the best value for your money.
Solar Panel Prices in Nigeria (2024)
The cost of solar panels in Nigeria depends on the type, brand, and wattage. Below is a general price range for different solar panel types:
1. Monocrystalline Solar Panels (Most Efficient)
- 100W – ₦50,000 – ₦80,000
- 200W – ₦90,000 – ₦130,000
- 300W – ₦130,000 – ₦180,000
- 500W – ₦200,000 – ₦300,000
2. Polycrystalline Solar Panels (Budget-Friendly)
- 100W – ₦40,000 – ₦70,000
- 200W – ₦80,000 – ₦120,000
- 300W – ₦110,000 – ₦160,000
3. Thin-Film Solar Panels (Lightweight & Flexible)
- 100W – ₦60,000 – ₦90,000
- 200W – ₦100,000 – ₦150,000
Prices may vary based on brand (e.g., Canadian Solar, JA Solar, Tesla) and supplier location (Lagos, Abuja, Port Harcourt).
Factors Affecting Solar Panel Prices in Nigeria
- Type of Solar Panel – Monocrystalline panels are more expensive but more efficient than polycrystalline.
- Brand & Quality – International brands (like LG, SunPower) cost more than local or Chinese brands.
- Installation Costs – Labor, mounting structures, and wiring add to the total price.
- Inverter & Battery Costs – A complete solar system includes batteries (e.g., 200Ah Gel battery: ₦150,000 – ₦250,000) and an inverter.
- Government Policies & Import Duties – Taxes and import fees can increase prices.
Complete Solar System Costs in Nigeria
A full solar power setup for a home or business includes:
- Solar panels
- Inverter (₦100,000 – ₦500,000)
- Batteries (₦150,000 – ₦500,000)
- Charge controller (₦20,000 – ₦100,000)
- Installation (₦50,000 – ₦200,000)
Estimated Costs for Different Solar Systems
| System Size | Estimated Price Range | Suitable For |
|---|---|---|
| 1KVA | ₦500,000 – ₦1,000,000 | Small homes, lights, fans |
| 2KVA | ₦1,000,000 – ₦2,000,000 | Medium homes, TVs, fridge |
| 5KVA | ₦2,500,000 – ₦4,500,000 | Large homes, offices, AC units |
Where to Buy Solar Panels in Nigeria
- Lagos: Tamaktech: 07050444211
- Asaba: Tamaktech: 07050444211
- Online Stores: Solar Panels
Tip: Always buy from certified dealers to avoid fake products.
Is Solar Power Worth the Cost in Nigeria?
✅ Long-term savings – Reduces electricity bills.
✅ Reliable power – No more generator noise & fuel costs.
✅ Eco-friendly – Reduces carbon footprint.
Conclusion
The cost of solar panels in Nigeria ranges from ₦50,000 to ₦300,000 per panel, depending on type and capacity. A full solar system can cost between ₦500,000 to ₦5,000,000 based on your power needs.
Investing in solar energy is a smart move for Nigerian households and businesses looking for a stable and cost-effective power solution.
Need a solar panel quote? Contact local suppliers or check reputable online stores today!
