Are you thinking about solar for your home or business in Nigeria? Solar panel price in Nigeria has become a key factor for many people. Investing in solar is crucial given the country’s abundant sunshine and lack of regular power supply.
The cost of solar panels in Nigeria depends on a lot of things, which need to be researched before buying.
Many Nigerians believe that the initial costs are worth it as renewable energy saves them a lot of money in the long run.
In this article, we’ll tell you everything you need to know about the price of solar panels in Nigeria to make an informed purchase.
How Much Are Solar Panels in Nigeria?
In Nigeria, solar panel price in Nigeria varies widely due to several factors including:
- The higher wattage module costs more but also generates more electricity.
- Types of the Panel: Monocrystalline, polycrystalline, thin-film.
- Brand Quality: Tier 1 Manufacturers Versus Less Established Brands.
- Import tariffs and taxes, which raise the final selling price.
As of April 2025, below are the current market prices of solar panels in Nigeria. These were sourced from online marketplaces like Jumia, Konga, and solar companies like Blue Camel Energy and Arnergy.
Solar Panel Prices by Wattage (April 2025)
The cost of solar panels (photovoltaic PV panels) in Nigeria ranges from ₦45,000 for small sizes of 100W to about ₦500,000 for those as big as 1 kW. Below is a summary of how much solar panels cost in Nigeria:
Note: Inverter, batteries, taxes, and shipping cost depend on location and supplier. The standalone panel price excludes these factors as well as installation costs.
Monocrystalline vs. Polycrystalline Panels: Price Comparison
In Nigeria, the prices of the two most sought-after panel types are notably different.
Monocrystalline Solar Panels.
- More efficient (18% – 22%, according to manufacturer specs from the likes of JinkoSolar).
- Improved efficiency in high temperature (around -0.35%/°C).
- Costs about 15-25% more than polycrystalline.
- Sleek black appearance.
- Longer lifespan (25+ years, based on typical warranties).
Polycrystalline Solar Panels.
- Lower efficiency (15-17%, per manufacturer data).
- More affordable option.
- Blue speckled appearance.
- Good for larger installation spaces.
- Lifespan of approximately 20-25 years.
In the Nigerian market, the updates from Jumia and Blue Camel Energy (April 2025) indicate that the price of a 300W panel are around ₦140,000–₦160,000 for monocrystalline and between ₦120,000–₦140,000 for polycrystalline. Quality of materials has huge impact in performance and pricing.
Complete Solar System Costs in Nigeria
The price of solar panels is not the most important thing for most Nigerians. Based on quotes from Arnergy and Sosai Renewable Energies, here’s what full energy solutions will cost you in 2025.
Small Home System (1kW).
- 4 x 250W panels.
- 1.5kVA inverter.
- 2 x 200Ah batteries.
- Installation materials and labor.
- Total cost to set up small school
Medium Home System (3kW).
- 10 x 300W panels.
- 3.5kVA inverter.
- 4 x 200Ah batteries.
- Installation materials and labor.
- It will cost between 2 million and 2.8 million Naira.
Large Home/Small Business System (5kW).
- 16-20 x 300W panels.
- 5kVA inverter.
- 8 x 200Ah batteries.
- Installation materials and labor.
- Total Cost: Between ₦3,500,000 And ₦4,500,000.
Many business owners say solar energy can save them money in the future as the cost of electricity and fuel is increasing in Nigeria.
Solar Inverter Prices in Nigeria
Solar inverters change the electricity produced by panels into usable electricity. Inverters market prices in Nigeria (Konga, Rubitec Solar April 2025).
Cost of Inverters in Nigeria A reputable dealer can always give you a fixed idea of the cost of inverter batteries in Nigeria.
Nigerian famous inverter brands are Luminous, Sukam, Microtek, Yohako, Kstar, Premium inverter brands like Growatt, SMA, Fronius which are most expensive. Energy experts say that inverter is a main component that impacts the overall efficiency and reliability of a system.
Factors Affecting Solar Panel Prices in Nigeria
The solar panel price in Nigeria depends on several factors.
- Most of the equipment used for solar generation is imported, making their cost very sensitive to the naira-dollar exchange rate.
- The government’s policies about the import of renewable energy greatly impact final consumer prices.
- Due to transportation and logistics, rural areas might have higher installation prices.
- The larger the system size is, the complexity of the system will happen at a lower cost per watt.
- Warranty Period: Premium panels are usually higher up-front costs with a longer warranty.
It is important for small businesses that are considering sustainable energy options to budget accurately.
Cost Comparison: Solar vs. Generator Power
Nigerians often compare the prices of solar and generator. Here’s a 5-year cost comparison with assumptions based on what we know in early 2025.
5kVA Generator.
- Initial purchase: ₦500,000 (medium quality).
- Cost of Fuel (5 years) – ₦5,475,000 is obtained by calculation of max of net income or cost of fuel and is basically 3ltrs @₦1,000/litre = ₦3,000/day x 365 days x 5 years.
- Maintenance (5 years): ₦750,000.
- Total 5-year cost: ₦6,725,000.
5kW Solar System.
- Initial purchase and installation: ₦4,000,000.
- Maintenance (5 years): ₦250,000.
- Change of battery (depending on quality): 600,000 naira.
- Total 5-year cost: ₦4,850,000.
Solar energy costs 28% less than generator power over a 5 year period. Even if solar requires more upfront investment, it eventually saves you money and is worth it. Consider including a chart that displays this comparison for the reader.
Where to Buy Quality Solar Panels in Nigeria
One should buy from reputed sellers to get the best solar panel price in Nigeria. Here are some trusted options.
Online Marketplaces.
- Jumia.
- Konga.
- Solar.com.ng.
Specialized Solar Companies.
- Sosai Renewable Energies.
- Blue Camel Energy.
- Green Power Overseas.
- Arnergy Solar.
- Rubitec Solar.
Physical Retail Locations.
- Lagos has electronic markets like Alaba International and Computer Village.
- Abuja (Wuse Market, Banex Plaza).
- Port Harcourt (Mile 1 and Mile 3 markets).
Before proceeding with any purchase, be sure to check the customer reviews. In addition, verify the supplier’s track record and legitimacy.
Government Incentives and Financing Options
The Nigerian Government has shown strong support for access to solar energy.
- To reduce the price for consumers, some components have reduced import duties.
- This agency gives subsidies for installations in poor and underserved communities.
- Solar energy are offered by Sterling Bank, Access Bank and Wema Bank with conditions that make it easy for users.
- There’s a minimum upfront cost on solar systems that are pay as you go. Companies like Lumos, Arnergy and MTN Solar provide such services with favorable financing.
These programs help enhance accessibility of solar, especially for rural homes and small businesses.
How to Choose the Right Solar Panel in Nigeria
Take these important things into account so you get the most for your money.
1. Assess Your Energy Needs
To establish the size of the system you require, compute your daily energy consumption.
- List all appliances and their wattage.
- Multiply by hours of use per day.
- Add a 20% buffer for system inefficiencies.
An Example for a Small Business (for instance, shop in Lagos).
- Lighting: 300Wh (3 bulbs x 10W x 10hrs)
- Refrigerator consumes 1200 watt-hours per day
- POS device consumes 1 kWh a day
- Fan will consume 400Wh or 40W for 10 hours.
- Total daily consumption: 2,000Wh (2kWh).
- With 20% buffer: 2,400Wh (2.4kWh).
To meet this requirement, a 3kW system generating 12 units of power daily (assumption, 4 peak sun hours) matches this requirement and has excess capacity for other uses.
2. Consider Panel Efficiency and Quality
More efficient solar panels generate more electricity in less space. In Nigeria’s hot climate, temperature coefficient is key.
- Choose solar panels that have a low temperature coefficient rating.
- Verify certification (TÜV, IEC, UL).
- Check for a minimum 25-year performance warranty.
3. Evaluate Cost vs. Value
The cheapest option isn’t always the best long-term choice.
- Calculate cost per watt (divide total cost by wattage).
- Compare warranty periods.
- Research brand reliability in hot climates.
- Consider long-term maintenance requirements.
4. Choose Reputable Suppliers and Installers
Poor installation can reduce system performance.
- Request references from previous customers.
- Verify the company’s track record and experience.
- Ensure proper warranty support and after-sales service.
- Check for certified technicians.
Frequently Asked Questions About Solar Panel Price in Nigeria
As of April 2025, a 500W solar panel in Nigeria typically costs between ₦200,000 and ₦250,000, depending on the brand, type, and supplier.
A complete 1kW solar system including panels, inverter, batteries, and installation costs between ₦800,000 and ₦1,200,000 in Nigeria.
Yes, solar panels are worth the investment in Nigeria, especially considering the unreliable grid power and rising electricity tariffs. The typical payback period is 3-5 years, after which you essentially enjoy free electricity.
For a 3.5kVA inverter, you would typically need 8-12 solar panels of 300W each, totaling approximately 2.4kW to 3.6kW of solar capacity to effectively charge the system.
Locally assembled solar panels are typically 10-15% cheaper than imported ones, but may have shorter warranties and potentially lower efficiency ratings.
Learning about solar panel pricing can be as valuable as understanding affiliate marketing opportunities for those looking to make smart investments.
Conclusion
The solar panel price in Nigeria varies, depending on how basic or sophisticated you want them. For example, a relatively basic system has a price range of ₦45,000. However, the entire 5kW system would go a long way in costing you above ₦4 million.
Yet, the solar energy has a payback period of 3-5 years, saving the energy bill mostly due to lower costing.
When Buying Solar Panels Cost Is Not The Priority Quality Efficiency Reliability Are When looking for solutions for your project, ensure you select well-established vendors who provide warranty and after sales service.
In addition to this, take advantage of whatever government subsidy or financing options available to minimize your costs.
If you are able to weigh your options well and understand what contributes to the solar panel price in Nigeria, you can enjoy a clean and reliable energy source for years to come while saving big money on energy costs.
