Industry information

Top five benefit of going solar in Nigeria

2021-04-22 21:34:49 admin 19

Going solar in Nigeria has never been easy, thanks to the fast-growing solar sector in the country. People that have not made the switch to solar should consider reading this article to know the benefit of going solar.

 

Top Notch Performance!

Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.

 

Save Millions of Naira

According to recent research, adding solar panels to your home can bring in monthly savings of well above ₦25,000 in many parts of the country. It cuts off the spending on fuel for the generator and power bill. Extend this to two decades, less than the length of a typical solar panel warranty, and this translates to over ₦6000000. Quite revealing, isn’t it?

 

Enhance Your Home Value

 A study conducted by National Renewable Energy Laboratory (NREL) concluded that homes with solar panels sell 20% faster and for 17% more money. Installing solar panels in your home translates into lower electricity costs. IN Nigeria when people see that you have a solar panel in your building, it serves as prestige for the people living in the building. This also applies more to real estate brokers. Solar panels will increase a home`s attractiveness on the market.

 

Solar is a Secure Investment

We will get there anyway but at present, Power Holding Company Nigerian (PHCN) is still very notorious for its fluctuating and unreliable electricity supply and pricing. Also, fuel scarcity and the hike is still a common occurrence in Nigeria but with solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price and stability for at least the next 20 years (fixed energy costs).

 

Solar is a Secure Investment

We will get there anyway but at present, Power Holding Company Nigerian (PHCN) is still very notorious for its fluctuating and unreliable electricity supply and pricing. Also, fuel scarcity and the hike is still a common occurrence in Nigeria but with solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price and stability for at least the next 20 years (fixed energy costs).