In Nigeria, the cost of electricity continues to rise while power supply remains unreliable. From Lagos to Abuja, more homeowners and businesses are investing in solar energy to cut costs and ensure 24/7 power.
But how much do solar panels cost in Nigeria in 2025?
In this comprehensive guide, we’ll break down the average solar panel prices, what factors affect costs, and how you can get the best value for your money with Tech49 Solar.
Average Solar Panel Costs in Nigeria (2025)
Solar prices depend on system size, equipment type, and installation complexity. Below is a general price range for Nigeria in 2025:
| System Size | Best for | Price Range (₦) | Monthly Bill Savings |
|---|---|---|---|
| 1kW | Small apartments, basic lighting | ₦750,000 – ₦1.2M | ₦8,000 – ₦12,000 |
| 3kW | 3–4 bedroom home | ₦2.5M – ₦4.2M | ₦25,000 – ₦40,000 |
| 5kW | Large home, small office | ₦4.5M – ₦6.5M | ₦40,000 – ₦60,000 |
| 10kW+ | Commercial, industrial use | ₦9M – ₦15M+ | ₦80,000+ |
💡 Pro Tip: Always compare total system cost, not just panel prices. A complete setup includes panels, inverter, batteries, installation, and wiring.
Factors Affecting Solar Panel Costs
- Type of Solar Panel
- Monocrystalline: More efficient, lasts longer, higher cost
- Polycrystalline: Slightly less efficient but cheaper
- Battery Storage
- Lithium-ion batteries: Long lifespan, low maintenance, higher cost
- Lead-acid batteries: Cheaper but shorter lifespan
- Inverter Quality
- Hybrid inverters cost more but allow grid + generator backup
- Installation Complexity
- Roof type, height, wiring distance, and location accessibility can affect costs
Cost Comparison: Lagos vs Other States
Solar installation costs in Lagos can be 5–10% higher than in smaller towns due to higher labor rates and property-specific challenges. However, the return on investment is often faster in Lagos because of higher average electricity bills.
Calculating Your Solar ROI
Most Nigerian homes achieve full ROI in 2–4 years. After that, your power is essentially free.
Formula:
ROI Period = (Total System Cost) ÷ (Monthly Bill Savings × 12)
Example: A ₦4M system saving ₦45,000 monthly pays for itself in about 3 years.
Government Policies & Incentives
While Nigeria doesn’t yet have nationwide subsidies, some states and organizations offer low-interest loans for renewable energy. Tech49 Solar partners with financing institutions to offer flexible payment plans.
How Tech49 Offers Affordable Solar Solutions
At Tech49 Solar, we leverage bulk purchasing, local expertise, and certified installation teams to offer premium systems at competitive prices. Our packages start from ₦750,000, with flexible financing available.
