Installing a Level 2 EV charger at your house will significantly improve the experience of Tesla ownership.
It is plugged into a 240V outlet that is also used to power your clothes dryer. And you wake up every morning to a fully-charged EV, or return home from work to an EV with more range than you need for the rest of the day. At EZ EV, we help Tesla owners unlock the full potential of their vehicles with professional EV charger installation services that save money in the long run.
Let’s walk through how you can benefit from home charging, the cost analysis of EV home charging, and how we can help you save money.
EV Home Charging Cost: How Much Does It Save You?
Now, let’s walk through the ins and outs of why a home charger is a smart financial move. Charging at home is nearly always cheaper than charging publicly.
Let’s do a quick comparison to illustrate the point:
- Average U.S. Residential Electricity Rate: ~$0.17 per kWh
- Average U.S. Supercharger Rate: ~$0.40 per kWh
Imagine a Tesla Model 3 with a 60 kWh battery.
- Cost to charge at home: 60 kWh x $0.17/kWh = $10.20
- Cost to charge at a Supercharger: 60 kWh x $0.40/kWh = $24.00
This translates to nearly 60% savings on each complete charge. For a driver who charges their car once or twice a week, these savings can add up to hundreds, if not thousands, of dollars per year.
Taking Advantage of Off-Peak Hours
Most utility companies provide “Time-of-Use” (TOU) plans, which give you cheaper electricity prices at off-peak times, usually during the night, or very late at night.
When you have a home charger, you can program your Tesla to only charge during these hours, which helps even further reduce your EV Savings and lets you save even more on your electric bill. With a smart Level 2 charger (such as the Tesla Wall Connector) or any other third-party smart charger, you can even schedule your charging from your phone. That is a benefit that you will rarely achieve with public charging.
How EZ EV Increases Your Savings Further on EV Charger Installation
You can increase your savings by choosing EZ EV Electric for your EV charger installation.
- First of all, we ensure efficient installation. Our licensed electricians will install the charger safely and in accordance with all local codes. We take care of everything from pulling the permits to doing the wiring, so you can rest easy knowing it is done the right way.tt
- We help you choose the right charger and charging speed to balance efficiency and cost.
- We also guide you on off-peak electricity rates to lower your charging costs even further.
When these factors are combined, they lead to increased residential EV charging savings every month.
Understanding Our Residential EV Charging Savings Calculator
If you want to figure out the estimated cost of EV charger installation, we have created a simple tool to show you how much you can save. Find our residential EV charging savings calculator HERE.
Here’s how it works:
Input Your Info: All you have to do is fill in an average daily mileage, your current residential electricity rate, and gasoline prices in your area.
Receive Immediate Outcomes: The calculator will execute a home EV charging costing analysis. It will compare the estimated home charging cost of your Tesla against the cost of public charging and the cost of fueling a regular gas car.
Estimate your savings: The calculator will provide a breakdown of how much you expect to save every month and year.
The Long-Term Value: A Home Charger Will Cost You
The charger and the installation bear an upfront cost, but this is a long-term investment. That upfront investment pays for itself in energy savings alone.
And a Level 2 charger (installed by a professional) adds a lot of value to your house. It is sure to add to your convenience and enhance your experience of owning a Tesla.
Tax Credits and Incentives
Numerous tax credits and rebates are available for home EV charger installations via local utilities and state governments. These incentives are meant to promote electric vehicle adoption and will save you a lot of cash out of your pocket. EZ EV Electric will assist you in understanding these programs and make sure you do not miss out on anything eligible to you.
For example, in Colorado, the following entities help you save on Level 2 charges.
Consumer Energy: Enroll in their charger installation program to receive $500 back. If you are low-income, it jumps to $1,300. Great if you are in metro Denver, perfect for a Denver EV charger rebate
Holy Cross Energy: If you enroll in their charging program, they will offer a discount ranging from $549.
Black Hills Energy: Up to $500 for installation costs—or $1,300 if income-eligible and on their time-of-use (TOU) rates.
United Power: Up to $500 for electrical upgrades, or $1,000 if you join their EV program.
San Isabel Electric Association: $1,000 or 50% off for Energy Star Level 2 chargers, including Tesla models
Conclusion: Drive Smarter, Not Harder
Owning Tesla means that you are serious about the future.
With a professionally-installed home charger from EZ EV Electric, you can make that commitment even more significant—and beneficial to your savings. You can save time and money and experience the unique luxury of waking up to a fully charged car every single day.
