Solar in Lakewood, CO
With Xcel Energy Colorado's electricity at about 16.8¢ per kWh and 1,512 kWh of sun per kW, solar is worth it for a typical Lakewood home today: about a 12.9-year payback.
- Payback, typical home
- 12.9 yrsColorado: 12.4 yrs
- 25-year net
- $18,594after paying $15,230
- Sun
- 1,512kWh per kW per year
- Electricity
- 16.8¢7% below U.S. average
A typical Lakewood home, by the numbers
| Utility | Xcel Energy Colorado |
|---|---|
| Electricity use | 584 kWh a month |
| Best-value system | 4.6 kW, about 11 panels, 6,955 kWh a year (99% of use) |
| Cost | $15,230 |
| First-year savings | $1,133 |
| Payback | 12.9 years |
| Exported power | 13.5¢/kWh (Xcel Energy Colorado) |
Cash purchase, no federal credit, 2.6% yearly rate increases. Run it with your own numbers.
Homes in Lakewood
- Owner-occupied homes
- 58%
- Single-family detached
- 46%
- Median home value
- $574k
- Median year built
- 1977
- Population
- 156,583
- Roofs suitable for solar†
- 84%
Census ACS 2020–2024. †Share of 36,083 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Installers working in Lakewood
Public installation records for Colorado don't name installers, so we can't rank local companies here. Browse installers in Colorado.
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Lakewood
Is solar worth it in Lakewood, CO?
For a typical home in Lakewood, solar is worth it at 2026 prices: a 4.6 kW system costs about $15,230 after state incentives, saves about $1,133 in year one and pays back in about 12.9 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Lakewood?
About 1,512 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 4% less than the Colorado average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Lakewood?
Most homes in Lakewood are served by Xcel Energy Colorado, at about 16.8¢ per kWh on average.
How much do solar panels cost in Lakewood?
A fair cash price is around $3.05 per watt before incentives, so about $15,230 for a 4.6 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Wheat Ridge 12.9 yrs
- Dakota Ridge 12.9 yrs
- Englewood 12.5 yrs
- Columbine 12.9 yrs
- Ken Caryl 12.9 yrs
- Littleton 12.7 yrs
- Arvada 13 yrs
- Westminster 13 yrs
- All of Colorado
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.