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3 Best Solar Companies in Spencer, IA

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Written By David Cusick

Last Updated April 2024

A rooftop solar array could give you a renewable power source that will pay for itself in time. Switching to solar energy can lower your monthly energy expenses and decrease your carbon output. Before you get started, you want to make sure you find a reputable installer. That’s why, after reviewing and analyzing providers, we compiled a guide to the most dependable solar companies in Spencer. These companies offer excellent service.

Our Recommended Providers

Top Pick
4.7/5
  • High-quality Maxeon solar panels
  • Nearly 30 years in business
  • Great customer service

Top 3 Best Solar Companies in Spencer

Martian Solar Power

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101 1st St NW Suite C, Le Mars, IA 51031 (712) 540-9824 martiansolarpower.com

Informative resources

Free quotes

Reliable customer support

Clear pricing policy

Services Offered

Consultation
Permit assistance
Cleaning and maintenance
Panel installation

Northwood Electric Inc.

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97 8th St N, Northwood, IA 50459 (641) 324-2041 northwood-electric.com

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Reliable customer support

Informative resources

Clear pricing policy

Services Offered

Skilled repairs
Solar panel upgrades
Panel installation

The Solar Store Mankato

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1420 N Riverfront Dr Suite 101, Mankato, MN 56001 (785) 554-9249 mankatosolarstore.com

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Clear pricing policy

Reliable customer support

Services Offered

Battery storage
Panel installation
Today's Homeowner Ranking Methodology

Today's Homeowner looks at dozens of datapoints on solar companies to come up with our data-driven rankings. It's not possible for a company to pay for preferential treatment in our rankings. We look at the following key factors in determining who should top our list:

  • Company Experience
  • Real User Reviews
  • Company Reputation
  • Accreditations and Licenses
  • Service Area
  • Customer Service
Have questions about our methodology or company ratings? Reach out to FindAPro@TodaysHomeowner.com.

How To Choose a Solar Company

Installing solar panels can cut your electricity costs and help the environment by reducing your carbon footprint. When determining whether a solar provider is a good fit for you, consider these key factors.

Check Licensing

It's imperative that your solar installer has the proper licensing. This ensures that the work is done correctly using current best installation practices. In Iowa, anyone making at least $2,000 annually from non-DIY electrical or solar energy work is a contractor and must pursue licensure from the Division of Labor. To install solar PV systems, a company will need an electrical contractor or journeyman license.

Read Customer Reviews

Check Google Reviews, the Better Business Bureau (BBB), TrustPilot, and other review sites to see what past customers are saying about local solar installers. Detailed reviews can help you assess a provider's reliability and customer service. Avoid companies with few or mainly poor reviews.

Compare Multiple Quotes

Contact three to five solar companies to get free, detailed quotes. Quotes should clearly outline all costs and specify the exact solar components included. By comparing multiple quotes, you can identify the most cost-effective option for you.

Ask About the Warranty

Top-notch solar installations should come with strong workmanship and performance guarantees. A workmanship warranty covers installation issues, such as poor wiring, cracks in the panels, or poor alignment. A performance guarantee ensures a minimum energy output. Comprehensive warranties indicate that a solar company believes in its work.

Evaluate Financing and Incentives

Solar energy is great for helping you lower electricity bills over time. Make sure you consider these aspects when considering the final cost and value of solar panels.

  • Compare system purchase options: Solar panels may be paid for upfront or financed over time through a loan or lease. Confirm all terms when financing, such as payment schedule, fees, annual percentage rate (APR), and ownership implications.
  • Look into utility rebates: Some utility companies may provide additional rebates to encourage homeowners to adopt solar power. Check the eligibility criteria and rebate amounts offered by your local electric provider to estimate the possible savings.
  • Research federal and state tax credits: A 26% federal tax credit for the full solar system cost is available through 2032. Many states provide incentives, too. The credits can lead to substantial savings for solar buyers.

Cost of Solar Installation in Spencer

Solar panel costs vary based on system capacity and the solar technology being used. The average solar system in Spencer has a capacity of 9.7 kilowatts. Homeowners in the area can expect to pay around $4,010 per kilowatt; the average Spencer homeowners spends about $27,181 on a new solar array after accounting for federal tax breaks. (Some homeowners prefer to lease solar panels to lower upfront costs.) A personalized quote from a local solar installer will account for things like the capacity, panel type, and size of the planned system, and should include fees for permit fees, preliminary work, and labor.

Spencer Solar Incentives Guide

Incentive Type: Property Tax Incentive

Incentive Amount:

100% of value added by renewable system

Incentive Type: Sales Tax Incentive

Website: tax.iowa.gov

Incentive Amount:

100% of sales tax

Incentive Type: Personal Tax Credit

Website: tax.iowa.gov

Incentive Amount:

50% of Federal ITC (15% for 2019 and earlier, 13% for 2020, 11% for 2021, 5% for 2022, 0% for 2023 and later).

Incentive Type: Property Tax Incentive

Website: state.ia.us

Incentive Amount:

Property valued at 0% of the net acquisition cost in the first assessment year, increasing annually by 5 percentage points to a maximum of 30% of the net acquisition cost in the 7th and succeeding years

Incentive Type: Property Tax Incentive

Website: iowa.gov

Incentive Amount:

100% exemption for 10 years

Incentive Type: Personal Tax Credit

Website: tax.iowa.gov

Incentive Amount:

20% of the Federal Tax Credit, equivalent to 6% of the system cost

Incentive Type: Corporate Tax Exemption

Website: tax.iowa.gov

Incentive Amount:

100% exemption for self-generators, landfill gas and wind
Reduced rate for large hydro

Incentive Type: Rebate Program

Website: alliantenergy.com

Incentive Amount:

Advanced Power Strips: up to $20
Air Source Heat Pump: $300-$800 for existing homes, $180-$480 for new homes
Appliance Recycling: up to $50
Central A/C: $150-$600 for existing homes, $90-$360 for new homes
Ductless Mini-Split Heat Pump: Varies
Electric Heat Pump Water Heater: $300-$350 for existing homes, $180-$210 for new homes
Electric HVAC System Tune-Up: up to $50
Gas Furnace: $180 for existing homes, $80 for new homes
Geothermal Heat Pump: $1,320-$1,750 for existing homes, $790-$1,050 for new homes
Learning Thermostat: $100 for existing homes, $60 for new homes
LED Light Bulbs: In-Store Rebates
Online Home Energy Assessment: FREE
Room Air Purifier: up to $30
Variable Speed Pool Pumps: up to $220

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.

Frequently Asked Questions About Solar in Spencer, IA

Generally speaking, a solar photovoltaic (PV) system can be used to power any household appliance or system that uses electricity. In the simplest case, you can use a solar water heating system.

There are many advantages of home solar energy. You can raise your property values, reduce emissions, and save money. With the right storage equipment, solar panels can also provide you with further energy independence and offer some protection from power outages.

It depends on your location and the kind of panels you plan to use. Since there's a moderate amount of snowfall in Spencer, your best time to get solar is in the spring and fall.

Yes, it's possible to use home solar energy alongside conventional power sources. In many areas, solar panels are designed to supplement your existing energy sources, so you can reap the savings and environmental benefits of solar energy without having to completely switch over.

You might be pleasantly surprised at how quickly you can get a return on investment from your solar panels. The sun shines frequently in Spencer, meaning your payback period could last 15.2 years per 5 kW of capacity on the high end.

Net metering is a type of "power purchase agreement." If your state or utility offers net metering, you can send the solar energy you don't use to your provider. In return, they'll give you a credit on your power bill.

Solar panels are becoming more popular for their low upkeep costs and high efficiency under a variety of conditions. Depending on how much sunlight your property receives, you may find they're the best performing source of renewable energy compared to others.

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