18 Best Solar Companies in Murphy, MO (Feb 2023 Review)

The Cost and Benefits of Solar in Murphy

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. Some key things that influence how much it will cost and how much you could save include:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can give you an average of $16,000 of savings over 20 years.
• The kind of solar panel system you can purchase: This is dependent on how much you're willing to spend upfront.
• The amount of sunlight your house gets: Thanks to Murphy's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Electricity consumption: The average household in Murphy uses a decent amount of, and consequently may save on their energy bills.

So is a solar system worth it? Whether you want to lower your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many Murphy homeowners.

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. Our article on solar incentives has more information on the incentives you can take advantage of in Murphy.

Environmental Impact of Switching to Solar in Murphy

If you're considering adding solar panels to your home, one of the principal reasons why may be to lower your carbon dioxide emissions. You may be curious — how much does going solar do for the environment anyway? The more energy you use, the better off the planet will be if you switch to solar as you won't have to burn as many fossil fuels. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. If you want to do your part for the environment, you'll most likely find that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.