Electricity is a major need these days because we need it to run our homes, offices, places of worship, and manufacturing sites to mention a few. With electricity being key to many of our daily operations, it is imperative to have an alternative source of supply. Over the last two decades, the power situation in Nigeria has deteriorated with many communities having less than 8 hours of power supply per day in recent times.
There are several ways to generate electricity asides from connecting to the national power grid. Many homes in Nigeria own generators to meet their power needs. But with the hike in petrol and diesel prices, it is important to find another source of electricity. This is why many people are switching to solar panels.
500W Solar Panel Prices in Nigeria
Solar panels are becoming increasingly popular because of their reliability and the fact that they help us to save on power. These panels help us to generate clean and renewable power to meet our electricity needs.
The market is full of different sizes of solar panels based on wattage. One size that is quite popular, especially in residential and commercial buildings, is the 500w solar panel. How much does it cost to buy a 500w solar panel in Nigeria? To answer this question, one has to carry out a market survey. We understand the difficulty involved in carrying out a proper market survey, especially for solar panels. This is why we have done the hard work on your behalf.
In this section, we will show you the latest price of 500w solar panels in Nigeria. Check the price range below:
- 500w mono solar panel: From N150,000
- 500w Solar Panel: From N135,000
- 500w Jinko Mono Solar panel: From N120,000
- 500w Canadian Solar Panel (mono): From N120,000
- 500w Half-cut solar panel: From N95,000
- 500w original MS Solar panel: From N90,000
- 500w ERA solar panel: From N100,000
- 500w C-worth solar panel: From N85,000
As mentioned earlier, there are several other sizes of solar panels in Nigeria. To help you out, we have put together the different sizes of solar panels and their latest prices in the list below:
- 10W solar panel: N7,500 – N20,000
- 20W solar panel: N15,000 – N40,000
- 30W solar panel: N14,000 – N25,000
- 50W solar panel: N14,000 – N25,000
- 60W solar panel: N25,000 – N40,000
- 80W solar panel: N16,000 – N45,000
- 100W solar panel: N40,000 – N90,000
- 120W solar panel: N25,000 – N90,000
- 130W (Mono) solar panel: N27,000 – N95,000
- 130W (Poly) solar panel: N29,000 – N79,000
- 150W solar panel: N29,000 – N80,000
- 180W solar panel: N45,000 – N89,000
- 200W (Mono) solar panel: N39,000 – N85,000
- 200W (Poly) solar panel: N43,000 – N140,000
- 230W solar panel: N43,000 – N140,000
- 250W (Mono) solar panel: N45,000 – N150,000
- 250W (Poly) solar panel: N55,000 – N150,000
- 260W solar panel: N55,000 – N150,000
- 300W (Mono) solar panel: N62,000 – N200,000
- 300W (Poly) solar panel: N70,000 – N200,000
- 310W solar panel: N70,000 – N200,000
- 320W solar panel: N70,000 – N200,000
- 1000w solar panel: From N225,000
PRICES LAST UPDATED: FEBRUARY 16, 2023.
Please note that these prices fluctuate a lot due to the action of different market forces. To ensure that you are constantly informed about the latest prices, we will update this post once we notice new prices for these items on the market. Meanwhile, it is possible to experience slight price variations from what we have on this list. The variations may be due to patronizing different vendors or the location of the purchase.
Factors to Consider When Choosing Solar Panels
It is no secret that consumer satisfaction standards have evolved over the years. Once upon a time, people would settle for cheap items without carrying out any research. These days, many customers engage in extensive research before shelling out cash to purchase items. As mentioned earlier, solar panels are becoming so popular these days because of the poor power supply situation in the country. If you are in the market for a new solar panel, you check out the factors below to help you make your decision:
Type of solar panel
The first factor to consider is the type of solar panel you want to buy. Most people don’t know this, but there are different types of solar panels. They include:
- Monocrystalline: This is the oldest of all the solar panels, and it is currently the most developed of the lot. Because of this, monocrystalline solar panels are more expensive than any other type of solar panel. They are also the most efficient.
- Polycrystalline: This category of solar panels is gaining a lot of traction among customers. While it is not as efficient as monocrystalline solar panels, it is a lot more affordable. The price makes it a worthwhile investment, especially for middle-class homes seeking to switch to solar power generation.
- Thin film: Experts will tell you that this is the newest of the three types of solar panels. Though its power output is not as high as what is obtainable from the previous two, it is affordable and lightweight. Because of this, you enjoy more flexibility with the installation of this type of solar panel.
Another very important factor that you must consider is the durability of the panel. Different companies produce and sell solar panels these days. You should watch out for panels that are made from top-quality materials. This is necessary because your solar panels will be exposed to weather elements. If they are not made from quality materials, they will get damaged very quickly. Avoid panels that get broken quickly. The high-quality panels may be costlier, but you will end up saving more in the long run.
You cannot discuss factors to consider when buying solar panels without mentioning pricing. Pricing speaks about the cost of purchasing the solar panels as well as the maintenance costs. As mentioned earlier, you need to survey the market for the latest prices, so you can find the best prices that you can afford. The price will determine if you are able to afford the panel at the time or plan to purchase it later.