This study explores the potential for PV solar power and battery storage to reduce energy costs in a typical Malian single-family household, highlighting significant cost savings and improved energy reliability. The high solar irradiance throughout the year makes solar power viable for household energy needs. However, most electricity is consumed at night due to air conditioning, with an annual consumption of 12,504 kWh. Cost models for solar power plants and battery energy storage systems, including installation, were developed. Cost parameters were reviewed using the latest literature, distinguishing between current and future cost trends, referred to as Case I and Case II, respectively. Additionally, a feed-in tariff of $0.00 and $0.04 per injected kWh of electricity into the AC mains was considered. The annual return in USD and the return on investment were considered as economic parameters. A small solar power plant with a peak power of up to 3 kW can achieve a high ROI between 70% and 100%. Due to reduced future cost prospects, this ROI could increase to 90% to 130%. However, such a plant can only reach a maximum self-sufficiency of about 40%, as most of the electricity is consumed during nights. A 4 kW power plant can achieve a self-sufficiency of about one-third for an ROI of 57% to 82%, costing approximately $1330 to $1760. When using battery energy storage, a self-sufficiency of 95% has been targeted. With battery storage, the maximum ROI varies from 22.5% to 32.0% with an investment cost of about $9590 to $13,139.