Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,159,034 members, 7,838,583 topics. Date: Friday, 24 May 2024 at 05:43 AM

Why Is The Resell Value Of Solar Panels So Low? - Technology Market - Nairaland

Nairaland Forum / Science/Technology / Technology Market / Why Is The Resell Value Of Solar Panels So Low? (356 Views)

Why Are Solar Panels So Inefficient? / Dealers And Suppliers Of Solar Equipments, Battery, Panels Etc At Affordable Pr / Verdes Green Energy: Installation Of Solar Panels And CCTV In Abuja, Nigeria (2) (3) (4)

(1) (Reply) (Go Down)

Why Is The Resell Value Of Solar Panels So Low? by Ayemileto(m): 5:30pm On Feb 03, 2023
So, last year, I was posted by NYSC to a village secondary school in a remote part of Abia State.

The village hardly have electricity, which is important to me as a Tech person.

I had decided to go solar, and purchased 2 100W solar panels, An 100Ah battery, and some other necessary things that make up a solar system.

Fast forward to almost a year later, my service year is almost complete, and I will be traveling back to my state soon.

I advertised the solar panels on Jiji and Facebook Marketplace, since they're fragile and I don't want to risk traveling with them.

Would you believe all the offers I've gotten so far is 15k for each one? With only a single person increasing his bid to 17.5k after I rejected the 15k offer?

A single panel cost 24k when I got them last year. I checked up the price of a new one on Jiji, and it cost over 30k on average. What this means is that a used panel is being traded at around half the price of a new one.

I have decided to waybill the panels home, if I can't get someone to buy for 20k each.

But I have been wondering, why is the resell value of the panels so low?

A solar panel have an average lifespan of 25 - 30 years. So, why will a Panel I use for less than a year be valued at half the price of a new one?

lalasticlala, Mynd44
Re: Why Is The Resell Value Of Solar Panels So Low? by AskProf: 5:35pm On Feb 03, 2023
The buyer will likely resell.
Re: Why Is The Resell Value Of Solar Panels So Low? by psucc(m): 6:03pm On Feb 03, 2023
Which part of Abia State? I may be interested.
Re: Why Is The Resell Value Of Solar Panels So Low? by Johnchrix(m): 9:27pm On Feb 03, 2023
Nice marketing strategy...can u post the pictures hear will likely get one or two.

2 Likes

Re: Why Is The Resell Value Of Solar Panels So Low? by Ayemileto(m): 11:48pm On Feb 03, 2023
psucc:
Which part of Abia State? I may be interested.

Ikwuano LGA.

(1) (Reply)

(USA) Genuine Bluelight Blocking Glasses Available / Intel Celeron Hp Stream@63k / New Arrival Laptops

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.