16 Best Solar Companies in Spencer, IA (Jan 2023 Review)

The Cost and Benefits of Solar in Spencer

Although solar panels can help save you a good amount of money on electricity bills over time, it's necessary to take into consideration the upfront costs. There are several factors you should take into consideration when determining how much it will cost and how much you can save, such as:

• The kind of solar panels you can afford: This is dependent on how much you're willing to invest upfront.
• The amount of sunlight your house gets: Due to Spencer's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Electricity consumption: The average home in Spencer uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Incentives: Those who install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your utility bills over 20 years not including incentives.

Solar is a profitable investment for most homeowners. You can generate your own power instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping protect the environment.

Solar Incentives in Spencer

There are a lot of reasons why you should switch to solar. One of them involves some government incentives that can help save you some money. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Spencer

If you're planning on adding solar panels to your home, one of the primary reasons why may be to reduce your carbon footprint. But you may be curious — how much exactly can you help by making the switch to solar? Everyone can help save the environment by switching to solar energy, but homes that consume more energy will have an even bigger impact. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Spencer, you can reduce your carbon footprint by 90 pounds a year with solar panels. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.