Cost to Install EV Charger at Home: A Smart Investment

"Infographic detailing the cost, savings, and benefits of installing a Level 2 home EV charger, with eco-friendly color scheme and icons."

Installing an electric vehicle (EV) charger at home is becoming a must-have for EV owners. Not only does it offer unparalleled convenience, but it also represents a smart investment in the long run. This blog breaks down the cost of installing an EV charger at home and why it’s worth every penny.

Cost to Install EV Charger at Home: A Smart Investment

Understanding the Basics

Before diving into the costs, let’s understand the two main types of home EV chargers:

Level 1 Chargers

These chargers plug into a standard household outlet (120V) and are typically included with your EV purchase. They’re slower, charging your car over 8-12 hours or more.

Level 2 Chargers

These require a 240V outlet (similar to a dryer outlet) and can charge your vehicle much faster, usually within just a few hours. They’re the most popular choice for home installations.

Installation Costs

The cost of installing a Level 2 home EV charger can vary widely, but here’s a general breakdown:

Charger Cost

Expect to pay between $200 to $700 for a Level 2 charger, depending on the brand and features.

Installation Costs

Installation costs can range from $500 to $2,000, influenced by factors such as:

  • The need for an electrical panel upgrade.
  • Distance from the electrical panel to the charger location.
  • Labor rates in your area.

Total Investment

Combining the cost of the charger and installation, the total can range from approximately $700 to $2,700.

Why It’s a Smart Investment

Increased Home Value

Homes with EV chargers are becoming increasingly attractive to buyers, potentially increasing your property value.

Savings Over Time

Charging your EV at home is cheaper than relying on public charging stations, especially if you charge overnight during off-peak electricity rates.

Convenience and Time Savings

The ability to charge your EV at home saves you time and the hassle of finding and waiting at public charging stations.

Environmental Impact

Using an EV charger at home, especially if you opt for a green energy supplier or solar panels, reduces your carbon footprint.

Government Incentives

Many governments offer rebates and tax credits for installing EV chargers at home, which can significantly reduce the net cost.

Conclusion

While the upfront cost of installing an EV charger at home might seem high, the long-term benefits make it a wise investment. From increasing your home’s value to saving on charging costs and reducing your environmental impact, a home EV charger adds convenience and efficiency to your daily life. With potential government incentives, the financial burden can be lessened, making now the perfect time to consider this smart addition to your home.

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  • Rapid

    DC charging

    Every vehicle is plugged in.

    Now any specific car can be charged in minutes rather than hours on slow AC charging. A game-changer for drivers and operations teams. 

  • Every space

    EV ready

    DockChain makes it possible, and affordable, to make every space in a car park ready for EV charging. Give certainty to drivers that there will be a charging bay available and remove the operational cost and hassle moving cars on and off chargers. 

  • Customer experience

    Tethered cables make it convenient for users. CCS cables to match the industry standard for high powered DC charging. Charging session authorisation can be configured to operator requirements (app enabled, RFID, open use, etc.)

  • Ease of

    Installation

    DockChain reduces ground works required for installation. Chain cables run in a shallow trench, wall mount, or lay in a cable tray to reach every parking space. The power supply cabinet connects and can be positioned in a convenient location at your site.

  • Scale & upgrade

    DockChain is flexible allowing you to increase the number of charging Docks as demand increases. E.g. Enable 10 spaces, then easily double this in the future. DockChain can be upgraded too, allowing larger capacity additions in the future without upheaval to any existing installation.

  • Battery

    cost savings

    With DockChain's rapid DC charging, a fleet operator could shift from purchasing larger capacity battery vehicles to more affordable smaller capacity ones as rapid turnaround makes it operationally possible to top-up frequently without impacting operations. Ideal for distribution/ delivery firms.

  • Charge when power is

    cheaper & greener

    Charging several EVs makes you a high electricity user subject to fluctuating grid prices. Slow AC charging requires constantly charging to complete in the  available time. DockChain's DC power enables more flexible timing of charging so you can put more kilowatts in your EVs at lower prices.

  • System integration

    DockChain can be stand-alone or fully integrated to your existing IT infrastructure. Charging can be matched to fleet or booking requirements (E.g. Car Rental / Distribution), integrated to customer systems and payments (e.g. hotel bookings or office parks). Analytics and power management are all configurable. 

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