Bavijas Consulting reposted this
Since 2010, the global average cost of solar electricity has fallen by ~90%, and breakthroughs are likely to push it further. Solar is now one of the fastest-growing renewable energy sources in the world, thanks to the many people who continue to dump fossil energy yearly. Though solar power is steadily growing in the country, most Nigerians can't afford it due to the high cost of the #solar PV system caused majorly by an unfavourable foreign exchange (FX) regime amidst very low domestic solar panel manufacturing capacity. Nonetheless, our calculation at Bavijas Consulting shows that Nigerian homes and businesses that overcome the upfront cost of installing solar systems will reach their breakeven point in about five years, helping them cut electricity costs significantly over 25 years. Attached below is me at a site installing a 1KVA solar inverter system for a bachelor somewhere in Uyo, Nigeria. Uyo hasn’t had grid electricity for four days now and still counting. And many homes are already thinking of solar power. For your quality solar installation in Akwa Ibom and environs, reach out to me. #Bavijas