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Best 5 Solar Companies in Lakewood, CO

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Written By Max Peterson|Last Updated: February 05, 2024

Lakewood homeowners are privileged to live in abundant sunlight, both to enjoy and use for energy. With all the options to choose from in this urban jungle, you might feel burnt out searching for a good contractor. In this guide, we'll showcase Lakewood's best solar providers and offer suggestions for your company choice, so you can find the right one for your residence.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Lakewood Solar Companies

MH Electrical and Solar Logo

MH Electrical and Solar

4.7/5
Based on 55 customer reviews.

Services Offered

Battery StorageTesla PowerwallConsultationCleaning And MaintenancePanel Installation

Highlights

  • Free quotes
  • Prompt service delivery
  • Reliable customer support
2806 Speer Blvd, Denver, CO 303-915-0914 mhelectricalandsolar.com
Mile City Solar Solutions Logo

Mile City Solar Solutions

4.7/5
Based on 17 customer reviews.

Services Offered

Off-Grid Solar SystemsSkilled RepairsSystem DecommissioningConsultationCleaning And MaintenancePanel InstallationBattery Storage

Highlights

  • Free quotes
  • Clear pricing policy
  • Reliable customer support
1229 S Broadway, Denver, CO 719-738-8973 solar-denver.com
Upslope Solar Logo

Upslope Solar

4.7/5
Based on 17 customer reviews.

Services Offered

Panel InstallationConsultation

Highlights

  • Clear pricing policy
  • Reliable customer support
  • Informative resources
1312 17th St, Denver, CO 303-223-2525 upslopesolar.com
Solar Wave Logo

Solar Wave

4.7/5
Based on 32 customer reviews.

Services Offered

ConsultationGrid-Tied Solar SystemFinancing AssistanceCleaning And MaintenanceOff-Grid Solar SystemsPanel InstallationBattery Storage

Highlights

  • Clear pricing policy
  • Reliable customer support
  • Free quotes
2301 Blake St Suite 100, Denver, CO 720-730-4129 thesolarwave.com

More Local Solar Companies

Vanguard Solar Services

User Reviews: 4.7/5 

6145 Broadway Unit 5
Denver, CO 80216

ARE Solar

User Reviews: 4.6/5 

1155 S Tejon St
Denver, CO 80223

Apollo Energy

User Reviews: 4.6/5 

1400 E 66th Ave Unit B
Denver, CO 80229

Roper Roofing & Solar

User Reviews: 4.5/5 

795 McIntyre St #303
Golden, CO 80401

Golden Solar

User Reviews: 4.5/5 

15601 S Golden Rd
Golden, CO 80401

Sopris Solar

User Reviews: 4.5/5 

6078 W 55th Ave
Arvada, CO 80002

Cascade Solar & Electric

User Reviews: 4.5/5 

2475 W 2nd Ave Unit 30
Denver, CO 80223

Apex Solar Solutions

User Reviews: 4.5/5 

201 Milwaukee St Unit 200
Denver, CO 80206

Smart Wave Solar

User Reviews: 4.5/5 

4201 Madison St
Denver, CO 80216

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

Our team has researched dozens of solar installers near Lakewood, focusing on the following criteria:

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Facts about Lakewood
Average Max Temp:57°F
Solar Payback Period:8.9 years
Average Daily Sunlight:60%
Homes Powered by Solar:5,637
Average Annual Energy Bill:$968
Solar Power per Capita Percentile:48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy offers multiple perks. Here are some highlights.

  • Lowered energy bills: Solar panels let you generate your own energy to power your home, decreasing your monthly electricity costs. You can eliminate your bills completely if you go off-grid.
  • Better energy independence: Solar systems with energy storage operate through blackouts and emergencies, and you won't have to depend on the power grid for your safety and well-being.
  • Reduced carbon footprint: The sun is the universe's most abundant clean energy source, meaning you can lower or beat your home's dependence on non-renewable sources.

What Solar Incentives Are Available to Lakewood Homeowners?

Colorado homeowners who decide on solar could qualify for tax credits, rebates, reimbursements and special financing. Here are just a few of the area's incentive programs.

Incentive Type: Property Tax Incentive

Website: cdola.colorado.gov

Incentive Amount:

100% exemption for renewable energy system property

Incentive Type: Sales Tax Incentive

Website: tax.colorado.gov

Incentive Amount:

100%

Incentive Type: Rebate Program

Website: energysmartcolorado.com

Incentive Amount:

Residential
PV: 50% up to $500
Solar Thermal: 50% of project costs
Commercial
50% of project costs

Incentive Type: Sales Tax Incentive

Website: bouldercolorado.gov

Incentive Amount:

~15% refund on sales and use tax for the solar installation

Incentive Type: Rebate Program

Website: energysmartcolorado.com

Incentive Amount:

PV: 25% of cost
Solar Water Heat: $25% of cost
Solar Thermal Tune-up: 25% of project cost
Micro-hydro and Geothermal: 25% of cost

Incentive Type: Property Tax Incentive

Website: cdola.colorado.gov

Incentive Amount:

100% exemption for the percentage of electricity capacity (AC) of a community solar garden attributed to residential or governmental subscribers or organizations that are already exempt from property taxes

Incentive Type: Performance-Based Incentive

Website: xcelenergy.com

Incentive Amount:

Systems 0.5 kW - 25 kW: $0.005/kWh
Medium-sized Systems 25.1-500 kW: $0.0375/kWh
Large Systems (>500kW): Determined through competitive bid

Incentive Type: Sales Tax Incentive

Incentive Amount:

Varies (local option)

Incentive Type: Property Tax Incentive

Incentive Amount:

Varies (local option)

Incentive Type: Rebate Program

Website: efficiencyworks.org

Incentive Amount:

Air Sealing: $300-$500
Insulation: Up to $1,815
Duct Sealing: $200 (gas-heated homes only)
Window Replacement: Up to $1,000
Air Handler Blower Motor: $150
Whole House Mechanical Ventilation: 20% of cost
Heat Pumps: $500
Replacement Furnace: $300-$500 (gas-heated homes only)
Ductless Mini-Split: $250/head
Replacement Gas Boiler: $300 (gas-heated homes only)
Replacement Water Heater: $100-$500
AC System: $150-$500
Whole House Fan: $275
Evaporative Cooler: $500

Incentive Type: Loan Program

Website: xcelenergy.com

Incentive Amount:

Up to $50,000

Incentive Type: Rebate Program

Website: xcelenergy.com

Incentive Amount:

Refrigerator Recycling: varies, contact utility for details
Natural Gas Furnace: $300
EC Motor in New or Existing Furnace: $100
Air Conditioning/Air Source Heat Pump: $300-$600
Mini-Split Heat Pump: $300
Water Heater: $70-$450
Evaporative Cooling: $200-$1,200
Attic Insulation: $350-$600
Wall Insulation: $350-$600
Air Sealing, bypass sealing, and weather-stripping: $175-$450
Ground Source Heat Pump: $300/ton
Smart Thermostat: $50

Incentive Type: Rebate Program

Website: xcelenergy.com

Incentive Amount:

Attic Insulation: $400-$700
Air Sealing/Bypass Sealing/Weather-Stripping: $250-$550
High Efficiency Lighting: 30% of cost
Wall Insulation: $450-$700
Evaporative Cooling System: $325-$1200
Central Air Conditioner (New): $400 - $700
Central Air Conditioner (Trade In): $550
Ground Source/Geothermal Heat Pump: $300 per ton
Electric Heat Pump Water Heater: $550
Programmable Thermostat: $25
High Efficiency Furnace: $400
Electrically Commuted Motor: $125
Tankless Water Heater: $200
Standard Tank Water Heater: $100
ENERGY STAR Refrigerator: $15
ENERGY STAR Clothes Washer: $30

Incentive Type: Loan Program

Website: colorado.gov

Incentive Amount:

$35,000

Incentive Type: Loan Program

Website: colorado.gov

Incentive Amount:

$250,000

Incentive Type: Performance-Based Incentive

Website: xcelenergy.com

Incentive Amount:

2015 Large RFP Program:
Determined through competitive bid. RFP released on March 3, 2016

Incentive Type: Loan Program

Website: energysmartcolorado.com

Incentive Amount:

$25,000

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Lakewood

Choosing a company is the first step toward a well-oiled and cost-efficient solar array. Here are some important factors to remember while shopping for a solar company.

Licensing and Training

While electricians and plumbers in Colorado have state-issued licenses from the Colorado Electrical Board or Colorado State Plumbing Board, it's up to counties and cities to issue solar contracting licenses if they choose. Solar installers can also pursue accreditations from trade groups and standards organizations. The most recognized ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Lakewood

Your photovoltaic panels' model will impact how much energy you can produce. Monocrystalline panels cost the most but perform the best. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.

Additional accessories, such as battery storage and electric vehicle (EV) chargers, will raise your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies provide these add-ons, so look for a provider that sells them if it's essential for you.

If you're a resident of Lakewood and want a five-kilowatt solar energy system, you could expect to pay about $19,900 for parts and installation. Find more information on specific component and panel costs in the table.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,227
Solar Polycrystalline$957
Thin-Film$559
Solar Battery$785
Solar Home EV Charger$2,944

Financing Solar Energy in Lakewood

Solar installers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are cash payments, power purchase agreements (PPAs), solar loans and solar leases. We advise making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, as with an electric bill. We generally don’t recommend these two choices because you won't own the panels and cannot use solar incentives. Look for contractors that offer several payment plans to find the right fit for your budget.

The table below lists the average payback periods for different capacities of solar systems in Lakewood.

You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.

Solar System CapacityEstimated Payback period
1 kW1.8 years
2 kW3.6 years
5 kW8.9 years
10 kW17.8 years

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Frequently Asked Questions About Solar in Lakewood

How much money could I save by going solar in Lakewood?

Most Lakewood homeowners spend about $968 on energy each year. Your costs could drop by $995.58 for each kilowatt you generate after you pay off a solar array.

How common is solar energy in Lakewood?

Yes, solar energy is readily available in Lakewood. A growing number of local homes already use solar power on-site or through utility grids, and Colorado has about 7174 jobs comprising its solar economy.

Will solar energy systems improve my Lakewood home price?

Yes, solar panels will increase your property value. According to the National Renewable Energy Laboratory, for every dollar you save on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

How can I determine my home's solar potential?

One common way to find your home's solar viability is by using PVWatts. This free, powerful tool considers local weather and topography, system size, tree cover, and panel efficiency to determine how much power your array could generate. However, it's not a substitute for consulting with a local solar installation company, who can build a full estimate with the most updated data.

How long will a common solar system last?

Modern solar systems are built for longevity. The average unit provides 25 years of reliable power. Budget panels tend to have shorter lifespans than higher-quality models.

What's the average solar system size in Lakewood?

The average Lakewood solar system size is 5.2 kilowatts (kW). However, your final system size depends on your home's energy needs. Your surrounding shading, panel model, and roof size could also impact your final result. A professional solar provider will consider these factors and determine the right system size for your home.

How are a solar lease and PPA different?

After you sign a PPA, your solar company will not charge to set up and take care of your new panel array. Instead, you'll pay them only for the electricity you generate. Typically, PPAs last for 10–25 years or until you "buy out" of the contract.

If you choose a lease, you'll make fixed payments each month.

With both leases and PPAs, you do not own your panels and lose eligibility for some incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.

How many estimates should I get before making a final solar company decision?

It's smart to obtain at least three different estimates before committing to a single solar company. This allows you to evaluate customer feedback, product quality, pricing, and warranty options. It also helps you gauge a provider's responsiveness, reliability and knowledge, all of which are "green flags".

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.