SUMMIT Energy Solutions

Lakewood city reference

Solar in Lakewood, checked against utility math.

A city-level guide for Jefferson County homeowners comparing quotes, system size, incentive timing, and Xcel Energy billing assumptions.

Reference ZIP
80226
Utility
Xcel Energy
Focus
Net metering + Solar*Rewards

Lakewood is a Jefferson County city of about 156,000 residents on the western side of the Denver metro, served by Xcel Energy. The typical Lakewood home was built around 1976, the median home value is near $494,000, and roughly 58 percent of homes are owner-occupied. Per NREL/NLR PVWatts v8 modeling, a 7 kW system in Lakewood is estimated to produce about 1,514 kWh per installed kW, or roughly 10,600 kWh per year. Homeowners weighing solar should confirm their own roof orientation, shading, and current rates before relying on any single estimate.

Local numbers

The Lakewood baseline

A 7 kW south-facing system in Lakewood produces about 10,600 kWh/year per NREL PVWatts. Pre-incentive install cost runs $18,900 to $21,000, with cash payback around 11 to 12 years before financing markup.

10,600 kWh/year

Annual production

PVWatts v8, 7 kW south-facing.

~$18,900 to $21,000

Net cash cost

After incentives, before financing.

11 to 12 years

Cash payback

No dealer-fee markup.

14 to 17 years

Financed payback

With typical dealer fees.

Utility context

The bill rules are local.

Most of Lakewood is served by Xcel Energy. Net metering, rate trajectory, and program timing differ by utility; the Colorado state hub covers the cross-utility picture.

Xcel Energy Jefferson County Verified 2026-05-29