Is Solar Power Cheap in Ghana?
Yes, solar power is now very cheap in Ghana. Solar technology costs have dropped by 80% over the past decade, making solar electricity cheaper than grid power from ECG. With financing options starting from GHS 500/month and systems paying for themselves in 4-6 years, solar power has become the most affordable energy option in Ghana.
Why Solar Power is Cheap in Ghana
Solar power in Ghana costs approximately GHS 0.50-0.80 per kWh over the system lifetime, compared to ECG's current tariffs of GHS 1.20-1.80 per kWh. With Ghana's excellent solar conditions (2,000+ sunshine hours annually), solar panels generate maximum electricity, making the cost per unit very low. Government tax exemptions on solar equipment further reduce costs.
Affordable Solar Options in Ghana
Financing Makes Solar Accessible
Naiko Solar offers affordable financing starting from GHS 500/month for basic solar systems in Ghana. With no upfront costs and monthly payments lower than current electricity bills, solar becomes immediately affordable. Small residential systems start from GHS 15,000, while larger systems offer better value per watt.
Long-term Savings in Ghana
While initial solar costs may seem high, the long-term savings make solar extremely cheap in Ghana. Over 25 years, a solar system saves GHS 300,000-500,000 compared to grid electricity. With rising ECG tariffs and stable solar costs, the savings gap continues growing. Explore our affordable solar packages for Ghana or check financing options available.