Cost & Savings Breakdown
Based on $150/month electric bill in Lakewood
System Size
6 kW
Annual Production
9,419 kWh
Gross System Cost
$17,622
Federal Tax Credit (30%)
-$5,287
State Incentive
-$500
Net Cost
$11,836
Monthly Savings
$122
CO₂ Offset/yr
8,666 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityXcel Energy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit120% of annual consumption
Electricity Rate$0.155/kWh
Peak Sun Hours5.4 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Colorado State Incentive — Colorado offers sales tax exemption on solar equipment.
Common Questions
How much does solar cost in Lakewood?
Solar in Lakewood, Colorado costs approximately $17,622 for a 6 kW system. After the 30% federal tax credit, your net cost is about $11,836.
What is the solar payback period in Lakewood?
The estimated payback period for solar in Lakewood is 8.1 years, based on a $150/month electric bill and local sun hours of 5.4 hrs/day.
Does Xcel Energy offer net metering?
Xcel Energy offers Full Retail net metering. Full retail rate.