Cost Of Solar Panel & Inverter Installation In Nigeria (2024)
This article is about the current cost of solar panel and inverter installation in Nigeria currently in this year 2024. With the rate at which many people favour this renewable source of energy due to its efficiency as opposed to the erratic power supply being transmitted by the various electricity distribution companies in the country still collectively known as NEPA today, it is not out of place to find out the amount you will pay in order to get this equipment installed for you.
One of the questions being posed to individuals who have successfully installed this equipment in their various homes or offices is, how much will it cost to mount solar panel and inverter in Nigeria today? If you are among the many people in the country that are curious about this subject matter and you want to find out the right price for this, we advise that you do not stop reading at this point.
A complete solar power system consists of solar panels, inverter and deep cycle battery system. The battery may either be wet cell or dry cell depending on which one you favour, and this will be explained to you in detail at the place of purchase so that you know exactly what you are buying, the capacity of it and how long it can last after a full charge before you commit your money to it but if you want to get a hang of it, we will give a brief explanation as we continue in the course of this article.
Solar energy, that is, the energy from the sun is one of the cheapest sources of energy in the country today with quite a number of positives, the most important being that it is renewable. With solar energy, you do not need to worry about carbon emissions associated with machines powered by fossil fuels that pollute the environment and cause many irreversible damages to it.
You also do not need to worry about noise pollution and the huge/outrageous electricity tariffs that are charged by the various distribution companies in the country for doing close to nothing in transmitting unstable power all year round. If you would love to learn how to start solar energy business in Nigeria, kindly click the link to read our article on that.
WORKING PRINCIPLE OF SOLAR POWER SYSTEM
When using a complete solar power system involving the solar panel, inverter and solar battery, radiant energy from the sun is transformed into direct current (DC) by the photovoltaic cells in a solar panel. The inverter then converts this direct current electricity into alternating current (AC), which is then used in the household to power the entire house, or is supplied into the grid, or is stored in the solar batteries for future use. Having said that, let us proceed with the business of the day.
CURRENT COST OF INSTALLING SOLAR ENERGY/POWER SYSTEM IN NIGERIA 2024
In Nigeria today, the current cost of installing a complete solar energy/power system this 2024 falls between the price range of ₦300,000 – ₦15 million or more for different homes and offices, and this largely depends on the capacity you want to install in your home or office space. Note that as we have earlier mentioned, a solar power system consists of the solar panels, inverter and battery. Installation cost might also involve cost of purchase, kindly bear this in mind.
This may seem expensive at first but consider the cost as a one-off investment that will serve you for many years to come. After paying to purchase and install your solar power system, you do not necessarily need to pay another fee again as the system is yours outrightly, and there is no recurrent monthly payment as is done with NEPA all you need do is to enjoy your renewable energy for the foreseeable future. Think of this as you becoming your own electricity distribution company where you have control over how you use your own power supply.
IMPORTANCE OF SOLAR ENERGY SYSTEMS TO YOUR HOMES AND OFFICES
Nigeria is blessed with a daily amount of sunlight that is large enough to power homes and offices and getting solar power systems are important in giving you that independence from NEPA and their issues, here’s why:
SOLAR ENERGY IS RENEWABLE
As earlier mentioned during the course of this article, we stated that solar energy is renewable and this means that its source of energy which is the sun cannot run out, that is, it cannot be depleted, and it is stable. Solar panels help to convert the sun’s radiant energy into electricity.
SOLAR ENERGY IS CARBON DIOXIDE-FREE
With solar energy, you do not need to worry about polluting and destroying the environment with hazardous pollutants like carbon dioxide.
SOLAR ENERGY OPERATES WITHOUT FUEL, HENCE LESS SPENDING
With solar energy, you do not need fossil fuels to power your homes and offices. This process only needs the sun’s light energy to be converted using solar panels and inverters into electricity. It is very efficient and you will spend considerably less after installation.
CONCLUSION
The improvements in renewable energy technology, which in this case, is the solar energy system, has made it possible for more people in Nigeria to favour the use of a more reliable source of electricity through the free energy provided by the sun. All over the world, solar electricity systems, in which solar panels are typically mounted on rooftops, are the most common solar installations thus far.
These solar energy or power systems as we have made known earlier in the course of this article, comprise of electricity generating solar panels mounted on rooftops of residential or commercial buildings that work in tandem with inverters and batteries housing the excess solar energy produced during the day so that it is readily available to use when needed.
This ensures that there are no fuel or maintenance costs for any mechanical moving parts once purchase and installation has been done, and even though installation is costly, something we think is relative, depending on one’s financial might, the benefits far outweigh its one-off cost and the more solar energy becomes popular in the country, the more patronage increase the industry will witness.
