Solar panel price in Nigeria vary based on a number of factors such as type, size, and wattage. Monocrystalline panels, which offer high efficiency, range from N60,000 to N250,000. Polycrystalline panels, with slightly lower efficiency but more affordability, are priced between N25,000 and N150,000.
At GVE, our experienced team holistically provides you with reliable and affordable solar energy solutions. We meticulously analyze each project by considering installation costs, potential energy savings, and any relevant government incentives, thus ensuring that our clients enjoy the benefits of cost-effective, sustainable power.
Price of Solar Panels in Nigeria
Please note that these prices aren’t fixed and are subject to change based on a number of factors like: Brand and model, warranty coverage, currency fluctuations, inflation and a number of other factors.
To get an accurate accessment of your needs and the amount of panels and batteries you’ll need, contact GVE Limited:
Phone: +234 909 222 7483, 09098887023
Website: www.gve-group.com
Email: info@gve-group.com
| Power Output/Wattage | Price Range |
| 20W | ₦9,000 – ₦20,000 |
| 30W | ₦12,000 – ₦25,000 |
| 50W | ₦15,000 – ₦35,000 |
| 60W | ₦25,000 – ₦40,000 |
| 80W | ₦18,000 – ₦45,000 |
| 100W | ₦22,000 – ₦110,000 |
| 150W | ₦45,000 – ₦135,000 |
| 200W | ₦60,000 – ₦150,000 |
| 250W | ₦55,000 – ₦180,000 |
| 300W | ₦55,000 – ₦190,000 |
| 320W | ₦90,000 – ₦200,000 |
| 350W | ₦52,000 – ₦195,000 |
| 410W | ₦120,000 – ₦200,000 |
| 420W | ₦120,000 – ₦200,000 |
| 550W | ₦110,000 – ₦200,000 |
| 600W | ₦150,000 – ₦200,000 |
| 650W | ₦155,000 – ₦200,000 |
Factors that Influence the Price of Solar Panels in Nigeria
The price of solar panels in Nigeria is driven by several factors, including the type and quality of the panel, the manufacturer, the size and capacity of the panel, as well as market conditions such as demand, supply, and competition.
Types of Solar Panels:
Three types of solar panels dominate the Nigerian solar panel market:
- Monocrystalline Panels: These panels have a higher efficiency and durability but at a higher cost.
- Polycrystalline Panels: These have less efficiency but are more cost-effective and popular in residential installations.
- Thin-Film Panels: These are the most affordable but least efficient panels and are perfect for specific applications.
Each type of panel offers unique advantages and trade-offs, providing a range of options for prospective solar energy users to choose from based on their specific needs and budget.
Capacity (Watt Peak)
Watt Peak (Wp) measures a solar panel’s power output. Panels with higher Wp ratings typically come at a higher cost due to their increased efficiency and electricity generation capacity. This means that panels with higher wattage will generate more power, allowing for increased savings on electricity bills over time and, as such, will cost more.
Installation Cost:
Another essential factor to consider is the additional costs of installing a solar energy system beyond the price of the solar panels.
This includes the cost of mounting structures, inverters, batteries, and wiring.
These additional components contribute to the overall cost of the solar energy system and should be considered when determining the total cost of switching to solar power.
Government Policies and Incentives:
Government policies and incentives can play a significant role in reducing/increasing the upfront costs associated with solar panel installation.
By staying informed about current policies, individuals and businesses can take advantage of available incentives, such as tax credits, subsidies, and net metering, which can significantly reduce the initial investment required for switching to solar power.
Currency Fluctuations:
Currency fluctuations can impact solar panel prices in Nigeria, as most panels are imported from abroad.
Manufacturer:
The brand of solar panel you choose can significantly impact the price.
Established brands are generally more expensive due to their reputation, reliability, and customer support.
At GVE, we are renowned for delivering high-quality and efficient services tailored toward our client’s satisfaction.
New or lesser-known brands might offer lower prices to establish a foothold in the market. This creates a pricing dynamic where you will have to consider the trade-off between brand reputation and cost when selecting a solar panel.
Benefits of Choosing GVE P Limited.
GVE is the ultimate PV solar solutions provider, with a track record of providing reliable and affordable solutions that meet client needs.
- Expertise and Experience: GVE P Limited is a company with extensive expertise and experience in the solar energy industry. With years of experience, we have honed our skills and knowledge to provide top-notch solutions for our customers.
- Quality Products: GVE Projects Limited offers high-quality, reliable, durable solar products. We source our products from reputable manufacturers, ensuring customers receive solar panels, inverters, batteries, and other components that meet stringent quality standards.
- Customized Solutions: GVE Projects Limited understands that each customer’s solar energy needs are unique. With our innovative energy requirement calculator, we offer customized solutions tailored to meet specific requirements, whether for residential, commercial, or industrial applications.
- Professional Installation: We provide professional installation services, ensuring solar systems are installed safely and efficiently. Our skilled technicians and engineers follow best practices to optimize system performance and longevity.
- Excellent Customer Service: We are committed to providing excellent customer service before, during, and after installation. They strive to address customer inquiries, concerns, and issues promptly and effectively, ensuring a positive experience for our clients.
- Reliable Support: Besides installation, we offer reliable support services to ensure ongoing system performance. Whether troubleshooting technical issues, conducting maintenance checks, or providing advice on system optimization, customers can rely on for support.
- Cost-Effective Solutions: We offer cost-effective solar solutions that deliver long-term value to customers. Customers can reduce their electricity bills and achieve significant cost savings over time by maximising energy efficiency and harnessing renewable solar energy.
- Environmental Sustainability: Choosing GVE P Limited for your solar needs contributes to environmental sustainability. Solar energy is clean and renewable, helping to reduce carbon emissions and combat climate change while promoting a greener future.
- Government Incentives: GVE P Limited can help customers navigate government incentives, rebates, and financing options available for solar installations. Taking advantage of these incentives can further reduce the upfront costs of going solar and improve the return on investment.
- Peace of Mind: By choosing GVE P Limited, customers can have peace of mind knowing that they are partnering with a reputable and reliable company that prioritizes quality, customer satisfaction, and long-term success. With GVE P Limited, customers can confidently transition to solar energy with assurance and peace of mind.
You can contact GVE Projects for your solar needs via:
Address:
Head Office: No. 22A Suez Crescent, Off Ladi Kwali Street, Wuse Zone 4 FCT-Abuja, Nigeria.
Winorac Engineering Building, Plot 34 Boskel Road, Port-Harcourt, Rivers State, Nigeria.
Phone: +234 909 222 7483, 09098887023
Website: www.gve-group.com
Email: info@gve-group.com
Factors to Consider when Buying a Solar Panel
The factors to consider when buying a solar panel include:
Quality and Reliability of the Product:
- Manufacturer Reputation: Researching the reputation of solar panel manufacturers can provide insights into the quality and reliability of their products. Established manufacturers with a track record of producing high-quality solar panels may offer greater peace of mind to consumers.
- Certifications and Standards: Checking if solar panels meet industry standards and certifications, such as those set by the International Electrotechnical Commission (IEC) or the International Organization for Standardization (ISO), can indicate their quality and reliability.
- Performance Metrics: Understanding performance metrics such as efficiency, temperature coefficient, and degradation rate can help assess the quality and reliability of solar panels. Higher efficiency panels and lower degradation rates may offer better long-term performance and reliability.
Warranty and After-sales Service:
- Product Warranty: Solar panel warranties typically cover defects in materials and workmanship, as well as guaranteed performance levels over a specified period. Longer warranty durations and comprehensive coverage can provide added assurance of product quality and reliability.
- Manufacturer Support: Assessing the manufacturer’s reputation for customer service and after-sales support is crucial. Prompt and reliable assistance in case of warranty claims, technical issues, or product inquiries can enhance the overall ownership experience.
- Installer Warranty: In addition to product warranties, consider the warranty offered by the solar panel installer or contractor for installation workmanship. A robust installation warranty can protect against potential issues related to improper installation.
Installation and Maintenance Costs:
- Installation Complexity: Factors such as roof type, shading, and electrical wiring requirements can affect the complexity and cost of solar panel installation. Conducting a site assessment and obtaining quotes from multiple installers can help estimate installation costs accurately.
- Permitting and Compliance: Ensure the installation complies with local building codes, zoning regulations, and utility interconnection requirements. Budgeting for permit fees and compliance-related expenses is essential to avoid unexpected costs during the installation process.
- Maintenance Requirements: While solar panels generally require minimal maintenance, budgeting for periodic inspections, cleaning, and potential repairs is advisable. Consider the long-term maintenance costs and factor them into the total cost of ownership when evaluating solar panel options.
In summary, GVE P Limited is the epitome of cost-effectiveness in the solar industry, offering top-quality products at competitive prices, customized solutions tailored to diverse needs, and cost-optimized installation services. Our unwavering commitment to customer support, long-term savings, and environmental sustainability sets them apart as the premier choice for solar solutions, ensuring unmatched value and satisfaction for all customers.