Is Solar Worth It in Lakewood, CO?

A data-driven analysis based on Lakewood's electricity rates, sun exposure, and available incentives.

Yes, Solar Is Worth It in Lakewood

With a 6.4-year payback and 443% ROI, solar is an excellent investment in Lakewood.

6.4 years
Payback Period
$47,728
25-Year Savings
443%
Return on Investment
$10,780
Net System Cost
$140
Monthly Savings
$1,680
Annual Savings
5.6 kW
System Size
$616
Home Value Boost

Why Solar Works in Lakewood

  • +Excellent sun exposure (5.5 peak hours/day)
  • +Full net metering — get retail credit for excess energy
  • +Estimated $616 increase in home value
  • +30% federal tax credit reduces upfront cost significantly
  • +Protection against future electricity rate increases (avg 3%/year)

Considerations

No significant drawbacks for solar in Lakewood.

Other Cities in Colorado

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More Solar Tools for Lakewood

Solar Savings CalculatorCalculate exact savings in LakewoodCost ComparisonSolar vs. grid cost over 25 yearsSolar FinancingFinancing options in ColoradoInstallation ChecklistStep-by-step installation guideColorado IncentivesTax credits and rebatesSystem SizingHow many panels you need

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