The cost of electricity in Lagos keeps rising, and frequent power outages make it worse. According to the National Bureau of Statistics (NBS), electricity tariffs increased by over 40% between 2023 and 2024, pushing many Lagos residents to explore smart energy and solar solutions. From smart meters to solar panels, these options are saving households and businesses thousands of Naira monthly.
If you live in Lagos or operate a business, this article will show you 10 practical ways people are reducing energy bills using technology and solar power.
1. Switching to Smart Meters for Accurate Billing
Why It Works:
Many Lagos residents overpay due to estimated billing. Smart meters solve this by giving real-time consumption data and ensuring you pay only for what you use.
Stat: According to the Nigerian Electricity Regulatory Commission (NERC), households with prepaid or smart meters save 15–25% compared to estimated billing.
Tip: Ask your electricity provider for a smart meter upgrade or invest in one from approved vendors.
2. Installing Solar Panels for Homes and Offices
Solar is no longer a luxury it’s a necessity. With over 280 sunny days yearly in Lagos, solar panels drastically reduce reliance on PHCN or generators.
Stat: International Renewable Energy Agency (IRENA) reports that solar adoption in Africa is growing by 10% yearly, with Nigeria leading in West Africa.
Pro Tip: Start with a hybrid system solar + PHCN backup to reduce cost and ensure reliability.
3. Using Smart Power Strips to Prevent Phantom Loads
Devices like TVs and decoders consume power even when turned off. Smart power strips cut off power completely, reducing waste.
Stat: Phantom loads account for 10% of household electricity consumption, according to Energy.gov.
4. Replacing Old Appliances with Energy-Efficient Models
Air conditioners and refrigerators are big energy users. Lagos homes that upgrade to Inverter ACs and energy-efficient fridges save up to 40% on bills.
Look for: Products with energy-saving ratings or inverter technology.
5. Installing Smart Thermostats for Better Cooling Control
Most Lagos homes leave ACs running unnecessarily. Smart thermostats optimize cooling, cutting energy waste.
Fact: Energy-efficient cooling can reduce AC bills by 20–30%.
6. Using LED Bulbs Instead of Incandescent Lights
LED bulbs use 75% less energy than regular bulbs and last longer, according to the U.S. Department of Energy.
Quick Win: Replace all bulbs in your home or office with LEDs cheap and effective.
7. Embracing Solar Water Heaters
Instead of using electric water heaters, solar heaters leverage Lagos’ abundant sunshine, cutting water heating costs by 50–70%.
8. Adopting Energy Monitoring Apps
Apps like Google Nest or local smart energy apps help monitor consumption, sending alerts when usage spikes.
Why it matters: Tracking makes people 25% more likely to reduce energy waste.
9. Setting Up Home Automation Systems
Home automation lets you control lights, fans, and appliances remotely. With timers and sensors, you only use power when needed.
Example: Automated lighting in Lagos homes can cut energy use by up to 30%.
10. Combining Solar with Battery Storage
Hybrid solar systems with lithium batteries store power for night use, reducing generator dependency.
Stat: According to Bloomberg New Energy Finance, battery prices have dropped by 89% since 2010, making them more affordable.
Energy bills in Lagos don’t have to drain your finances. By adopting these smart and solar solutions, you can cut costs by up to 50%, enjoy stable power, and contribute to a greener future.
If you’re ready to make the switch, Hamthel Holdings offers premium smart energy products and solar installation services tailored for Lagos homes and businesses.
👉 Learn more about our Solar and Smart Energy Solutions here.