Is Solar Worth It in Lakewood, CO? (2026 Analysis)

Detailed solar ROI analysis for Lakewood, Colorado. With 5.5 peak sun hours and electricity at $0.13/kWh, here is what you can expect from going solar.

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$30,996 20-Year Savings
5 yrs Break-Even Timeline
$8,150 Net Cost After Incentives
5.5 hrs Peak Sun Hours/Day
$0.13/kWh Electricity Rate (increasing)
155,984 Population

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20-Year Solar Savings Projection for Lakewood

This projection is based on a 7.5 kW system with 5.5 peak sun hours and $0.13/kWh electricity rate.

PeriodCumulative SavingsNet PositionStatus
Year 1$1,957$-6,193Paying off
Year 2$3,914$-4,236Paying off
Year 3$5,871$-2,279Paying off
Year 4$7,828$-322Paying off
Year 5$9,785$1,635Profitable
Year 7$13,699$5,549Profitable
Year 9$17,613$9,463Profitable
Year 11$21,527$13,377Profitable
Year 16$31,312$23,162Profitable
Year 20$39,140$30,990Profitable

Estimates assume stable electricity rates. Actual savings may increase as rates rise.

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Solar Investment Breakdown for Lakewood

Gross System Cost 14500
Federal Tax Credit (30%) 4350
State Incentives 2000
Net Cost 8150
Annual Savings 1957

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Local Solar Incentives in Lakewood

Local Programs: Federal ITC plus applicable state and local incentives

Electricity Trend: Rates in Lakewood are currently increasing. Solar locks in your energy costs and provides a hedge against future rate increases.

State Incentives: Colorado offers a $2,000 rebate, net metering (full). See all Colorado incentives.

Financing Options for Lakewood Homeowners

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CashBest ROI. Own immediately.
LoanOwn system + tax credits.
Lease/PPA$0 down. Lower savings.

Best Solar Providers in Lakewood

ProviderTypeHighlightRatingAction
EnergySageMarketplaceCompare Lakewood installers4.8/5Get Quotes
SunrunInstaller$0 down solar in CO4.5/5View Plans
SunPowerPremiumHighest efficiency panels4.6/5Get Quote

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Frequently Asked Questions

Yes. With 5.5 average peak sun hours per day and electricity rates at $0.13/kWh (increasing trend), solar is a strong investment in Lakewood. The estimated 20-year savings is $30,996 with a break-even period of approximately 5 years.
The average solar installation in the Lakewood area costs approximately $14,500 for a 7.5 kW system before incentives. After the 30% federal tax credit and state incentives, the net cost drops to approximately $8,150.
Federal ITC plus applicable state and local incentives The 30% federal Investment Tax Credit (ITC) is available to all Lakewood homeowners. Check your specific state and utility for additional programs.
A typical home in Lakewood uses a 7.5 kW system (approximately 19 panels). This produces roughly 15,056 kWh per year based on 5.5 peak sun hours per day.
Electricity rates in Lakewood are currently increasing. The current average rate is $0.13/kWh. Solar locks in your energy costs and protects against future rate increases.

SolarSavingsAI Research Team

Solar Energy Analysts

Our team analyzes solar incentive data from federal (DOE, IRS), state (DSIRE), and utility sources to provide accurate savings estimates. Data is reviewed quarterly and cross-referenced with NREL benchmarks.

Sources: DOE, IRS, DSIRE, NREL, EIA Updated: 2026 Full Methodology Editorial Standards

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