You should be fine with 120V as long as you don't overload that circuit. If you plan on running a bunch of lights, pumps, and fans etc. then it might be good to run a 220V for just the lights.
Really depends on what size it is going to be.
It's also very good idea to map you circuitry prior to setting up. See what circuits you are going to be using. Lived in a house that the mapping was just insane. Bedroom circuit ran the hall and bath too, then one outlet in the living room was on the same circuit as another bedroom....just crazy, I think the electrician that did it was on something. lol. So it's good to be familiar with the circuitry and know what loads are on it.
You can map it by yourself, but having someone by the ciruit panel and one checking the outlets and switches is a good idea and easier.
Check out the elec. section lots of useful info
HERE