18 Best Solar Companies in Murphy, MO (Oct 2022 Review)

The Cost and Benefits of Solar in Murphy

For most homeowners, whether or not to invest in a solar energy system boils down to the cost. Some significant things that determine how much it will cost and how much you could save include:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years without incentives.
• The model of solar panel system you can purchase: This depends on how much you're willing to invest upfront.
• The amount of sunlight your area gets: Due to Murphy's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• How much power your home consumes: Homes that need lots of electricity each month may call for more solar panels and, as a result, be more expensive, but will also benefit more over time.

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

Solar Incentives in Murphy

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there are often some local incentives that you can use to further save. The table below tells you about the incentives you can take advantage of in Murphy.

Environmental Impact of Switching to Solar in Murphy

There are a few primary reasons why homeowners are interested in solar energy: to help their wallet and the environment. Something many people might be asking themselves is how much can they really help preserve the environment by going solar anyway? If your home uses a lot of energy, you can help the environment even more by switching to solar power. In Murphy, the average resident can reduce their carbon footprint by 100 pounds a year after going solar. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the major ones is that you can help save the planet too.