11 Best Solar Companies in Murphy, TX (Sep 2022 Review)

The Cost and Benefits of Solar in Murphy

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to install your panels. Some important things that influence the cost and possible savings include:

• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Typical energy usage: The more power your household consumes on average and the larger your current power bills are, the more money you could save by switching to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $19,000 over 20 years with your system, too.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the amount of daily direct sunlight available and incentives.

Solar Incentives in Murphy

Adopting solar power has a lot of considerable benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. There are a lot of federal, state and local rebates and tax credits that let you earn some money back after paying for a qualifying system. Take a look at the table below to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Murphy

There are a few important reasons why people are considering solar energy: to put more money in their bank account and to help the planet. You may be curious — how much does making the switch do for the environment anyway? Something that can dramatically influence your carbon footprint is your commute time and how much you drive overall. If you go solar and drive an electric car, you can greatly decrease your carbon dioxide emissions by charging your car at home. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Murphy, you can reduce your carbon footprint by 80 pounds a year with solar panels. Since energy from the sun is abundant and produces electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the environment.