Solar financing in Nigeria: pay 30% and spread the rest
Switching to solar should not be a financial burden. Pay 30% upfront and spread the balance over 3, 6, 9 or 12 months, with financing disbursed in 24–48 hours.
Does Solar World offer solar financing in Nigeria? Yes. Pay a 30% deposit and spread the balance over 3, 6, 9 or 12 months through our financing partner, with a fixed 4% monthly interest added to the principal and no hidden charges. Applications are handled in-house at any of our 21 operations, no bank queues, and approved financing is disbursed within 24 to 48 hours, with installation following immediately.
Seven steps to a financed solar system
Whether you are a homeowner or a business owner, you can enjoy uninterrupted power supply from day one while spreading your payments over time.
Tell us what you need
Let us know what you want to power, a cosy apartment, a business workspace or an industrial facility. We recommend the ideal system and send a detailed quotation.
Get your pro-forma invoice
Once your solar package is finalised we issue a pro-forma invoice, a breakdown of your total system cost. This document is used to process your financing application.
Let our partner handle it
No long queues at the bank and no paperwork headaches. At any of our locations, our in-house financing team walks you through the entire loan process.
Make a deposit
To get started, all you need is an initial deposit of 30% of your system's total cost. On a ₦5 million system that is ₦1.5 million, with our financing partner covering the remaining ₦3.5 million.
Fast loan disbursement
No waiting for weeks. Once your application is approved, financing is disbursed within 24 to 48 hours, so installation can move forward almost immediately.
Flexible repayment options
The balance is split into smaller payments over 3, 6, 9 or 12 months, whichever works best for you. A fixed 4% interest is added to the principal each month, with no hidden charges.
Seamless installation
Once payment is confirmed, our professional team schedules and carries out your installation right away. No more fuel costs and no more blackouts.
See your monthly payment before you apply
Drag to your system cost and choose a term. The estimator uses our published terms: a 30% deposit, with a flat 4% of the financed balance added per month.
Indicative. Your final terms are confirmed by our financing partner when your application is approved.
Estimate my repayments
LiveSends your figures to our financing team on WhatsApp.
A ₦5,000,000 system, financed
A fixed 4% interest is added to the principal each month for as long as you choose to spread the payment, so you know your total repayment from the start, with no hidden charges.
You no longer have to wait
For years many Nigerians have wanted to switch to solar but were held back by the high initial cost. With our financing plan there is no huge upfront payment, just fast, hassle-free processing and flexible repayment options that fit your budget.
Solar World Electric Technology Ltd. offers packages starting at ₦1.49 million for a 3 kVA inverter-only package. Complete solar packages start at ₦2.35 million. We also design custom commercial and industrial systems of 1 MW and beyond, quoted to the project requirements. Typical Nigerian homes fall between ₦3.5 million and ₦16 million installed, depending on how many air conditioners and refrigeration units the system has to carry.
Prices are quoted in two parts, the inverter package (inverter, lithium battery, cables, accessories and installation) and the solar package (the panel array, cables, accessories and installation). Many customers buy the inverter package first and add the solar array later. Our full published price charts are on the pricing page.
A 5 kVA / 48 V inverter package with one 5 kWh lithium battery, cables, accessories and installation is ₦2,820,000. The matching 4-panel 620 W solar package is ₦1,120,000, making a complete 5 kVA solar and inverter system approximately ₦3,940,000 installed.
A larger-storage version using a 15.33 kWh lithium battery is ₦4,300,000 for the inverter package and ₦1,880,000 for an 8-panel array. A 5 kVA system is rated for around 35 bulbs, 6 fans, 4 television sets, a standard fridge, a freezer, a washing machine, one 1 HP air conditioner and an electric blender.
A 10 kW / 48 V Deye inverter package with a 16 kWh lithium battery is ₦7,000,000, and the matching 8-panel 620 W solar package is ₦2,290,000: approximately ₦9,290,000 for the complete installed system.
A 10 kW system is rated for 50 bulbs, 10 fans, 6 television sets, 2 fridges, 2 freezers, a washing machine, three 1.5 HP air conditioners, a pumping machine, microwave and electric blender. It suits a duplex or a large family home.
Over the life of the system, yes. A generator has a lower purchase price but an unlimited running cost, fuel, servicing, parts and eventual replacement, and it only produces power while you are paying for fuel.
A solar system is the opposite: the cost is concentrated upfront, and generation afterwards is effectively free. Our panels carry a 25-year warranty and our lithium batteries a 10-year warranty, so the system keeps producing long after a generator bought at the same time would have been replaced twice.
There are also costs a generator carries that never appear on an invoice: noise, fumes, the maintenance burden and the risk of being without power when fuel is unavailable.
Yes. Through our financing partner you pay a 30% deposit and spread the remaining balance over 3, 6, 9 or 12 months, with a fixed 4% monthly interest added to the principal.
For example, on a ₦5 million system you pay ₦1.5 million upfront and the financing partner covers the remaining ₦3.5 million. There are no bank queues: our in-house financing team handles the process at any of our offices, approved financing is disbursed within 24 to 48 hours, and installation follows immediately.
Yes. Once your financing application is approved and disbursed, typically within 24 to 48 hours, installation is scheduled straight away. You do not wait until the instalments are complete. Most installations are finished within 48 hours of payment confirmation, and larger systems within one to three working days.
Start with 30% today
Send us what you want to power. We will issue a pro-forma invoice and walk you through the financing application at any of our offices.