The rising cost of electricity and frequent power outages in Nigeria have made solar energy a popular alternative. Many Nigerians are now switching to how much is solar panel in Nigeria to enjoy an uninterrupted electricity supply. However, the cost of solar panels varies depending on several factors such as brand, wattage, and installation complexity.
Current Prices of Solar Panels in Nigeria
The price of solar panels in Nigeria depends on their capacity. Below is an estimated price range:
- 50W – 100W: ₦15,000 – ₦40,000
- 150W – 200W: ₦45,000 – ₦70,000
- 250W – 300W: ₦75,000 – ₦120,000
- 350W – 400W: ₦125,000 – ₦200,000
These prices may vary depending on location, supplier, and market fluctuations.
Other Costs Involved in Solar Installation
To have a fully functional solar power system, you will need additional components:
- Solar Inverter: ₦100,000 – ₦500,000, required to convert solar energy into usable electricity.
- Solar Battery: ₦80,000 – ₦500,000 per unit, used for energy storage.
- Charge Controller: ₦15,000 – ₦50,000, regulates power flow to the battery.
- Installation Costs: ₦50,000 – ₦500,000, depending on the complexity of the setup.
Total Cost of Installing a Solar System
For a small home system with a 1kW solar panel, an inverter, and batteries, the total cost ranges from ₦500,000 to ₦1,500,000. A larger system for businesses may cost ₦2,000,000 to ₦5,000,000.
Conclusion
Investing in solar panels in Nigeria may require a significant upfront cost, but it provides a long-term solution to power supply issues. With reduced electricity bills and a reliable power source, solar energy is a wise investment for homes and businesses.