Solar-Ready Mid-Market Flats Lagos Ogun Rental Premium 18–24% Mid-Feb 2026 Estate Intel
Mid-February 2026 rental listings tracked by Estate Intel show solar-ready 2–3 bedroom flats in Lagos and Ogun corridors renting at an 18–24% premium over identical non-solar units — a noticeable jump from the 15–22% premium seen in January 2026.
Tenants consistently cite predictable electricity bills (no more surprise DisCos hikes) and reduced generator fuel costs (₦80k–₦250k monthly savings in many cases) as the primary reasons they’re willing to pay more for solar-hybrid or solar-ready properties.
Top Solar-Premium Corridors (Mid-Feb 2026)
- Ikorodu–Ibeshe axis (Lagos)
- Average rent premium: 20–24%
- Typical 2–3 bed rent (solar-ready): ₦1.1M–₦2.1M/year
- Non-solar equivalent: ₦900k–₦1.7M/year
- Mowe–Ofada–Shimawa (Ogun)
- Average rent premium: 19–23%
- Typical rent (solar-ready): ₦900k–₦1.8M/year
- Sangotedo–Badore (Lagos)
- Average rent premium: 18–22%
- Typical rent (solar-ready): ₦1.2M–₦2.3M/year
- Epe corridor extension
- Average rent premium: 18–21%
- Typical rent (solar-ready): ₦800k–₦1.6M/year
- Ijoko–Sango Ota (Ogun)
- Average rent premium: 18–20%
- Typical rent (solar-ready): ₦850k–₦1.7M/year
Typical Solar System Costs & Monthly Tenant Savings (Mid-2026)
| Unit Type & Size | Solar System Size | Total Installed Cost (₦) | Monthly Grid + Gen Savings (₦) | Payback Period | Rent Premium Contribution |
|---|---|---|---|---|---|
| 2-bed flat (80–100 sqm) | 3–5 kVA hybrid | ₦6M – ₦9.5M | ₦150k – ₦280k | 2.5–4 yrs | 18–20% |
| 3-bed flat/house (120–150 sqm) | 5–8 kVA hybrid | ₦9.5M – ₦14M | ₦280k – ₦420k | 3–4.5 yrs | 20–24% |
Developer & Landlord ROI Math (Example – 3-Bed in Mowe–Ofada)
- Property purchase/fit-out: ₦35M
- Solar system add-on: ₦11M
- Total investment: ₦46M
- Non-solar annual rent: ₦1.5M
- Solar-ready annual rent: ₦1.8M–₦1.95M (+20–30%)
- Additional annual rent: ₦300k–₦450k
- Solar payback from rent premium alone: 2.5–3.7 years
- Plus monthly tenant savings (₦300k+) → faster occupancy & lower vacancy risk
- Net ROI uplift: +8–15% over non-solar comparable
Why Tenants Pay the Premium (Mid-Feb 2026 Feedback)
- Grid tariffs & outages still unpredictable
- Diesel/petrol gen fuel costs averaged ₦150k–₦350k/month in Q4 2025–Q1 2026
- Solar-ready = fixed low/no bill + eco appeal for younger renters
- Reduced noise & maintenance from gen sets
Final Thoughts
The jump to 18–24% rental premium for solar-ready mid-market flats in Lagos & Ogun (mid-Feb 2026) confirms solar is no longer a “nice-to-have” — it’s a direct financial driver for both tenants and owners.
For developers: adding solar-hybrid systems delivers fast ROI through higher pricing & quicker absorption. For landlords: retrofit now — the rent uplift covers costs in 2–4 years while occupancy stays near 95%.
Are you seeing tenants pay more for solar-ready units in your area? What premium are you charging/offering? Share below!
Disclaimer: This information is for general purposes only and not legal advice. Consult a qualified real estate lawyer for guidance.
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