Solar Panel Price in Nigeria: The Definitive Guide.

Solar is a Solution to Nigeria Alternative Renewable Energy Sources As the challenges of the electricity supply in the country persist and the cost of operating generators powered by fuel continues to rise, more households are transitioning to solar power systems to meet their energy needs. Solar panels form the foundation of these systems, and knowing their prices, quality, and applications is key for anyone contemplating the switch.

This article will cover the prices of solar panels in Nigeria, their respective advantages, cost determinants, as well as a comprehensive price list to assist in making an informed decision.

Advantages of using Solar Panels in Nigeria

Save Money with Solar Panels In Nigeria

The long term savings on energy costs from investing in solar panels for Nigeria adds up. Here is a more in-depth look at how solar panels can be financially advantageous:

1. End of high electricity bills

• • Consumers in Nigeria pay monthly power bills but electricity from the grid is often  unreliable.

• •  Solar panels enable people and companies to produce their own power, removing or greatly minimizing reliance on the grid.

• • Accessible throughout the nation and affordable, solar system is the best option, they do not also require fuel to operates, providing beneficiaries consistent electricity supply, they as well charges battery which can be used at night time when the sun is not available, with the sun constantly shining in Nigeria solar systems can provide most if not all the energy use in homes which in the long run reducing or completely eliminated electricity bill.

2. Decrease in Fuel Costs to the Generator

Power supply has been erratic, prompting many Nigerians to depend on diesel or petrol generators as alternates. But generators have substantial ongoing costs:

• • Fuel Costs: Diesel and Petrol are very volatile and often the costliest items on the budget during shortage days. Asking them to run a generator for some hours daily comes at a cost of thousands of Naira.

• • Maintenance Costs: Generators need regular maintenance that includes oil changes, filter replacements, and repairs, which can be costly over time.

Unlike combustion of various fuels, solar panels do not have an incidence of fuel consumption and also reduce wear-and-tear costs. Once the solar power system is installed, its operating and maintenance costs are minimal resulting in significant savings over the long term.

3. No Price Volatility

• • The prices of electricity tariffs and generator fuel often increases due to inflation, economic instability, or fuel scarcity in Nigeria.

• • A solar panel is a hedge against this, because the sunlight that powers it comes for free and in immeasurable amounts. Other than the upfront installation cost there is practically no fuel or operating costs. This will make budgeting for electricity a lot simpler and more predictable.

4. Return on Investment (ROI)

Although the initial expense of buying and installing solar panels may appear high, it’s a very good long-term investment:

• • Most solar power systems will return the initial investment over 3–5 years, based on energy consumption and prices of alternative sources like the grid power or fuel.

• • After payback is complete, every unit of power generated is effectively free for the balance of the life of the panels (typically 25–30 years)

For example:

• • Annual savings when switching to solar are about ₦240,000–₦600,000 when you consider the total electricity cost (generator fuel and grid power) of ₦20,000–₦50,000 a month. After 10 years, that is millions of Naira savings.

5. Low Maintenance Costs

Solar panels are pretty low maintenance:

• • Regularly cleaning the panels to prevent dust and debris (in dusty areas).

• • Basic checks of the inverter and batteries to make sure everything is working as it should.

This is far less expensive than generator repairs or servicing, which happen regularly and are very costly for your bottom line.

6. Business Savings In the Longer Term

• • For businesses whose operation is energy dependent (manufacturing, hospitality, ICT services, etc), the switch to solar energy is a solution to lower their operating costs.

• • Solar systems supply a sustainable source of energy that allows businesses to invest money in other important areas rather than on diesel and upkeep.

• • Fewer energy disruptions also protect businesses from losing money due to downtime.

7. Government provides support and financing

Although there is an up-front cost with solar systems, there are now ways to make them affordable:

• • Government Initiatives: Renewable energy programs usually offer grants or incentives for the adoption of solar energy.

• • Availability of Payment Plans: A number of solar companies provide payment plans, enabling families and corporations to split the cost into smaller payments. This facilitates the transition to solar.

8. Savings for Rural and Off-Grid Communities

• • In remote locations that lack access to grid power, transporting fuel for generators is prohibitively expensive in most cases. Solar panels are one-time solutions that will save you the costs of utilities for years.

• • Families and small businesses no longer have to spend heavily on candles, kerosene or generator fuel. Instead, the source is clean and affordable electricity from solar energy.

Summary of Cost Savings

Switching to solar panels will enable Nigerians to:

• • Reduce costly electricity bills.

• • Lower generator fuel and maintenance costs

• • Keepaway from variation in fuel price and grid rate.

• • Get the long-run ROI and 20–30 years of savings.

Solar is a smart financial investment that yields reliable, free power and long-term financial security.

How Much Are Solar Panels In Nigeria? Solar Panel Prices Factors

Solar panels, the key components of solar power systems are becoming common sight across urban and rural areas in the country. But, one looming question among buyers is: how much do solar panels cost and why the price differs? The price of solar panels in Nigeria can be dependent on some factors and understanding these variables can help consumers make better choices.

1. Type and Quality of the Solar Panels

The type and quality of the panels are one of the main impactable factors on the solar panels prices. There are three basic types of solar panels: monocrystalline, polycrystalline, and thin-film panels.

• • · Monocrystalline solar panels: These panels are made from single-crystal silicon and are highly efficient and durable. The most expensive because they perform better and last longer than other types of solar panels. Monocrystalline panels are well suited to customers who have limited installation space but a higher budget.

• • Polycrystalline panels: These panels are made from multiple silicon crystals. They are, however, more affordable as they still offer great value and reliability, which means they are widely used across Nigerian homes and business.

• • Thin-film panels: The least expensive and lightest option, thin-film solar panels offer a lower efficiency rate than some other types. You find them a lot in larger scale solar systems where weight is not an issue or for a use case where weight is important like portable solar.

The quality and technology of the solar panels also matters. Advanced materials and technologies are used to manufacture more expensive panels that provide improved energy output and longevity as compared to conventional options.

2. Exchange Rates & Costs of Imports

Nigeria imports most of its solar panels and other renewable technology. Many of these products are produced in countries such as China, Germany or the United States. Most importantly, the exchange rate of the Nigerian naira to other major currencies that come into play when pricing the solar panels. The naira’s weakness drives up the cost of importing solar panels and the inflated prices are reflected among consumers.

Then, there are also import duties, shipping fees and other logistical costs to consider as well. This is particularly salient in a country like Nigeria, where the foreign exchange market can also be uncertain in its trends.

3. Power Output and Efficiency Ratings

The price of a solar panel relates directly to the wattage (power output) of the solar panel. Panels with higher wattage ratings generate more electricity and usually cost more. A 300-watt panel will typically cost more than a 100-watt panel, for example.

Solar panel efficiency, defined as how effectively a panel converts sunlight into electricity, is also a factor. Higher-rated panels tend to be pricier because they need more advanced manufacturing processes and materials. Although high-efficiency panels generally have a higher up-front cost, they can save you money in the long run by reducing the number of panels that you need to achieve your energy output.

4. Policy and Incentives

Government policies, incentives, and regulations play a crucial role in determining the prices of solar panels. In some nations, upfront installation costs for solar systems are lessened via subsidies and tax incentives. In Nigeria, however, such incentives are limited and this is adding into the overall cost for consumers.

Although programs such as the Nigerian Energy Support Programme (NESP) and alliances with other development organisations exist to support renewable energy development, stronger policies are required to make solar energy affordable for every Nigerian. Import duties and taxes on renewable energy gear can also make solar panels more expensive, disincentivizing broader use.

5. Brand and Manufacturer

The cost solar panels can be affected by the brand and manufacturer. 22nd Apr 202227th Dec 2021Well-known and highly reputable brands, like SunPower, LG, or Canadian Solar, typically manufacture products with higher prices. Many such panels also have long warranties (often 25 years or more), guaranteeing long-term performance.

Less well-known or local brands might provide cheaper prices, but their quality, efficiency and durability are likely to be lower. Consumers need to have an eye for the right solar panel brand in terms of price and quality.

6. Costs Of Installation And Maintenance

While the price of the solar panels alone may be the most important part, at the end of the day, the installation can add a considerable amount the total price of a solar system. Solar systems have to be designed and installed by professionals, and labor prices differ based on the area and dimensions of the system.

Moreover, the long-time maintenance of solar panels is also an important parameter. Although solar panels are generally low-maintenance, the buildup of dust, dirt, and debris can hinder efficiency, particularly in Nigeria’s dusty areas. Installation and maintenance can be included in the overall price or charged separately by different suppliers.

7. Cost of Location and Transportation

Solar panel cost is influenced also by the geographic location of the buyer in Nigeria. There tend to be more suppliers in urban areas such as Lagos, Abuja, and Port Harcourt, so they tend to be more competitive on pricing. Transportation costs can affect the overall cost of buying and installing solar panels as well, especially in rural or remote areas.

Additionally, because solar energy that is locally produced may be subject to monopolistic pricing and logistical challenges, regions with a low supply of solar energy suppliers (L), may be likely to face higher prices.

8. Market Demand and Supply

Unreliable grid electricity, coupled with the rising cost of diesel and petrol generators has increased the demand for solar panels in Nigeria. When demand is high and supply is limited, prices tend to rise. On the flip side, as more suppliers and competitors enter the market, prices will likely work downwards from competition.

Solar Panel Prices In Nigeria (2024)

. The cost of solar panel systems depend on various factors like make, wattage and type (Monocrystalline or polycrystalline). Currently, the range of prices for different solar panel brands and capacities in Nigeria is summarized as follows:

Su-Kam Solar Panels:

• • ₦30,500 – ₦40,000 for 80W 12V Solar Panel

• • ₦28,000 – ₦35,000125W 12V Solar Panel

• • 150W/12V Monocrystalline Panel : ₦35,000 – ₦45,000

• • 150W 24V Solar Panel: ₦45,000 – ₦50,000

• • 200W 24V Solar Panel: ₦70,000 – ₦75,000

Crown Micro Solar Panels:

• • 80W 18V Monocrystalline Solar Panel Module CMSP-M80P: ₦18,000 – ₦25,000

• • 250W Monocrystalline Solar Panel: ₦35,000 – ₦40,000

• • 300W/36V Monocrystalline Solar Panel Module CMSP-M300P: ₦55,000 – ₦62,000

• • ₦48,000 – ₦55,000: 300W 24V Monocrystalline Solar Panel

Rubitec Solar Panels:

• • 200W 24V Monocrystalline Solar Panel: ₦30,000 – ₦40,000

• • 260W Monocrystalline Solar Panel: ₦50,000 – ₦55,000

• • ₦31,500 – ₦37,000: 200W 600V Monocrystalline Solar Panel

Unilite Solar Panels:

• • 80W Solar Panel: 25,000 – 35,000

• • 150W Solar Panel: ₦35,500 – ₦40,000

• • 200W Solar Panel: ₦50,000 – ₦55,000

• • 250W Solar Panel: ₦60,500 – ₦70,000

• • 300W Solar Panel: ₦70,000 – ₦75,000

Trina Solar Panels:

• • 270W Polycrystalline Solar Panel: ₦50,000 – ₦65,000

• • ₦75,000 – ₦100,000 300W Monocrystalline Solar Panel Module

• • ₦65,000 – ₦75,000: 320W Polycrystalline Solar Panel

• • 340W Monocrystalline Solar Panel Module: ₦75,000 – ₦90,000

Talker Energy Solar Panels:

• • Polycrystalline 100W Solar Panel: ₦19,500 – ₦21,000

• • Polycrystalline 140W Solar Panel: ₦33,000 – ₦40,000

• • 100W Polycrystalline Solar Panel: ₦30,000 – ₦40,000

• • 1 unit Monocrystalline 130W Solar Panel ₦25,000 – ₦30,000

• • 2 x 100W Monocrystalline Solar Panel: ₦39,799 – ₦49,000

Sunshine Solar Panels:

• • 200W 24V Monocrystalline Solar Panel: N50,000 – N55,000

• • ₦78,000 – ₦90,000 for 350W Monocrystalline Solar Panel

Dice Solar Panels:

• • 200W 24V Monocrystalline Solar Panel: ₦75,000 – ₦80,000

Note: these price ranges are estimates and may vary due to factors such as location, retailer, or market conditions. These prices exclude installation costs that can vary depending on the complexity of the installation and service provider.

Choose a solar panel based on efficiency, warranty, and whether it will meet your energy needs. Working with a reputable solar energy provider will help ensure that you select the right system that meets your needs.

Here is a summary table of the current prices of solar panels in Nigeria, showing the prices for each capacity and type:

Solar Panel Capacity	Type	Price Range (NGN)	Brand Options
50W	Polycrystalline	10,000 – 15,000	Jinko, Canadian Solar
100W	Monocrystalline	20,000 – 30,000	Jinko, SunPower
150W	Polycrystalline	30,000 – 40,000	Canadian Solar, Trina
200W	Monocrystalline	40,000 – 50,000	LG, Canadian Solar
250W	Polycrystalline	50,000 – 60,000	Jinko, Longi Solar
300W	Monocrystalline	60,000 – 80,000	SunPower, REC
350W	Polycrystalline	80,000 – 90,000	Canadian Solar, JA Solar
400W	Monocrystalline	90,000 – 110,000	LG, SunPower
500W	Monocrystalline	120,000 – 150,000	Trina Solar, Longi Solar
600W	Monocrystalline	150,000 – 180,000	REC, Jinko

Explanation of the Price List

1. 1. Low Capacity Panels (50W – 150W ): These are suitable in small applications like powering lights, fans, or small gadgets in houses or offices. They are inexpensive and good for users with minimal electric requirements.

1. 1. Medium Capacity Panels (200W – 350W): These are multi-purpose panels that can be used to power essential household devices such as TVs, refrigerators, and fans. Why The Best Selling Solar Panels In Nigeria.

1. 1. 400W to 600W: High Capacity Panels. These panels work best for massive households, corporate entities, and industrial usage. They are efficient and powerful, and are therefore more expensive, as they provide a higher energy output.

Here’s Where to Buy Solar Panels in Nigeria

Solarenergysupplystores.com.  One of the online Marketplace in Nigeria to buy and sell solar energy. This classified site connects buyers with sellers of solar energy products, providing a wide range of products from which to choose, catering to various budgets and energy needs.

Reasons Why Solarenergysupplystores.com. Would be the First Choice com?

• • With Lots of listings: Browse through dozens of solar products sellers offering solar panels, inverters, batteries, accessories, solar wires and cables and other solar components.

• • Convenient and Reliable: Find trusted sellers and discover suitable products without leaving the comfort of your home.

• • Affordable: Compare the prices of the sellers and ensure the lowest price.

Go to Solarenergysupplystores.com today and start your journey towards sustainable energy!

Here are a few other options to think about:

Solar Depot Nigeria

• • Lagos, Nigeria. Provides an extensive selection of solar goods, such as panels, inverters and batteries, as well as monocrystalline and polycrystalline PV solar panels.

SolarMall. Ikeja, Lagos, Nigeria

• • An online solar products provider inverters, solar panels, charge controllers, and batteries nationally.

JFO Energy Solutions. Lagos, Nigeria

• • They are a major solar energy provider, supplying premium solar panels, batteries, inverters, and full installations throughout Nigeria.

Kara Nigeria. Lagos, Nigeria

• • Thank You We are a one-stop shop for premium solar panels and other solar energy devices at discounted rates, with nationwide shipping in Nigeria.

Kara Bloomfontaine Tech Ltd. Lagos, Nigeria

• • Is a specialist wholesale supplier of quality solar panels, inverters, and renewable energy products, backed by a strong after-sales service offering.

Solynta Energy. Lagos, Nigeria

• • Supplier of low cost and sustainable solar power solutions for homes and businesses in Nigeria with the ambition of replacing petrol generators.

9Solar. Lagos, Nigeria

• • Quality Affordable Solar offers solar panels and other renewable energy products at affordable security level, ensuring you the best options for sustainability for your home.

You may evaluate the supplier based on elements like product quality, warranty, after service support, and installation services. Please contact these suppliers or check their websites for the more accurate information on available products, cost and services as it might vary and ultimately help you make the best choice for your individual energy usage.

Things to Know Before You Purchase Solar Panels

Making the switch to solar energy is a smart investment, but doing so wisely is key to maximizing value. Here are some important things to know before you buy solar panels:

Energy Needs

• • To find out how much energy your household or business used in a year in kilowatt hours (kWh)

• • Know how much renewable energy you need to produce to offset or eliminate utility expenses.

• • So, this helps you decide how big a solar panel system you will need, and how much capacity.

Panel Type and Quality

• • Monocrystalline Panels: Efficiency and lifespan are even slightly better, but slightly pricier.

• • Polycrystalline Panels: Cheapest, but slightly less efficient against monocrystalline

• • Opt for well-insulated, durable panels, backed by warranties.

Budget

• • Establish a realistic budget, such as the cost of panels, inverters, batteries, installation, and care.

• • Prices may differ with various sellers, check Solarenergysupplystores. com to get the best deal.

Roof or Installation Space

• • Evaluate the amount of roof or ground space available for the panels.

• • Make sure it gets the most sunlight and can support the weight of the panels.

Solar Panel Efficiency

• • Efficiency assesses how much of the sunlight the panel is converted into electricity.

• • Higher efficiency panels produce more power per unit area, which means they are perfect for small rooftops.

Inverter and Battery System

• • Pump energy from solar panels with a solid inverter for conversion.

• • Look into buying solar batteries for storing surplus energy for nighttime and cloudy days.

Installation and Maintenance

• • Always use professional installers for safety and performance.

• • Know how to maintain the system, including how to clean the panels and monitor the connections.

Warranties and Lifespan

• • Most solar panel manufacturers offer warranties of 10 to 25 years.

• • Pick those that come with long warranties and have a proven track record of durability, so you have peace of mind.

Local Policies and Incentives

• • See if any government incentives, tax breaks or solar-friendly policies exist in your area.

• • These can help minimize your expenses and promote your investment in renewable energy.

The Best Way to Cut Costs on Solar Panels in Nigeria

While switching to solar energy is a significant investment, smart strategies can help reduce costs and make the transition more affordable. Practical Tips For Saving Money On Solar Panels In Nigeria

1. Check Prices from Multiple Vendors

• • Compare prices across various sellers by checking out online sites such as Solarenergysupplystores.com

• • Shopping around will save some money and keep you from overpaying.

2. Buy Only What You Need

• • Know your energy needs before buying. Don’t Oversize Your System: The most common cause of overspending on your solar energy system results from buying oversized systems, which generate more energy than you need.

• • When in doubt, start small and build out your system as you grow.

3. Tips from our Expert: Promotions & Discounts

• • Keep an eye out for special deals, seasonal discounts, or bulk purchase offers from sellers.

• • Low-cost listings and price drops are common on platforms such as Solarenergysupplystores.

4. Invest in Quality, Not Price

• • Steer clear of cheap, low-quality panels likely to fail or underperform.

• • In contrast, high-quality panels that come with a warranty may have higher upfront costs but tend to save money down the line given their durability and efficiency.

5. Purchase Directly from Manufacturers or Wholesalers

• • Buying from manufacturers or authorized distributors eliminates middleman costs.

• • Wholesale purchases, too, may be available at a deep price discount.

6. Take Advantage of Government Incentives and Programs

• • Some local authorities and agencies provide incentives, subsidies or loans to encourage solar installations.

• • Look into programs where you live that can help decrease your upfront costs.

7. Opt for Used or Refurbished Panels (With Caution)

• • Used or refurbished panels can also be more affordable.

• • Indeed, buy only from reputable sellers, and make sure they’re working with reasonable warranties.

8. Do It Yourself (DIY): Install The System

• • If you have what it takes, you may save on labor, doing it yourself.

• • This method can minimize system efficiency if not performed properly. If you are ever unsure, hire professionals.

9. Maximize Solar System Size and Components

• • To achieve a sustainable decision, choose an inverter and battery system that matches your intention, do not buy excessive pieces, and avoid wasting money on features you do not use.

• • The less energy you use, the less energy-supply you need (both from large grid systems and inside your own home).

10. Consider Group Purchases

• • Work with neighbors, friends, or local businesses to purchase solar panels in bulk.

• • For example, sellers frequently give discounts for bulk purchases, saving everyone some lawfully widely recognized for simply doing a little math.

These tips will help you to save a lot of money on going for solar in Nigeria. Explore site such as Solarenergysupplystores.com for low-cost solar panels and accessories from reputable vendors.

Conclusion

Solar energy is not only a modern energy solution but also a sustainable investment that is solving Nigeria’s power problems. The upfront cost of solar panels can appear daunting, however, by implementing strategies such as price comparisons, utilizing government incentives, and purchasing quality products with warranties and guarantees, solar panels can provide considerable long-term savings and reliability. Online Marketplace  such as Solarenergysupplystores.com streamline this process by introducing you to credible sellers, making it easy to identify budget-friendly solutions to suit your requirements.

Nigeria’s solar market is yet to mature, but there are opportunities where we can cut costs and capitalise on them. Discover energy independence today!

Summary of Solar Panel Prices

To invest in a solar panel system for your home or business in Nigeria, you have to compare prices, evaluate your energy needs, and make an informed decision.

Solar Panel Capacity	Type	Price Range (NGN)	Brand Options
50W	Polycrystalline	10,000 – 15,000	Jinko, Canadian Solar
100W	Monocrystalline	20,000 – 30,000	Jinko, SunPower
150W	Polycrystalline	30,000 – 40,000	Canadian Solar, Trina
200W	Monocrystalline	40,000 – 50,000	LG, Canadian Solar
250W	Polycrystalline	50,000 – 60,000	Jinko, Longi Solar
300W	Monocrystalline	60,000 – 80,000	SunPower, REC
350W	Polycrystalline	80,000 – 90,000	Canadian Solar, JA Solar
400W	Monocrystalline	90,000 – 110,000	LG, SunPower
500W	Monocrystalline	120,000 – 150,000	Trina Solar, Longi Solar
600W	Monocrystalline	150,000 – 180,000	REC, Jinko