Home EV Charger Cost: Insights for Smart Shoppers

Modern electric vehicle connected to a Level 2 charger in a residential driveway, symbolizing smart investment in home EV charging

As electric vehicles (EVs) become more popular, many drivers are considering the convenience of a home EV charger. Understanding the costs involved is crucial for making an informed decision. Here’s a guide to help you navigate the expenses and make smart shopping choices.

Initial Purchase Price

The cost of a home EV charger varies depending on the type:

  • Level 1 Chargers: These come with your EV and can plug into any standard outlet. No extra cost here unless you need a replacement.
  • Level 2 Chargers: Prices range from $300 to $600 for the unit itself. These chargers offer faster charging times and are a popular upgrade.

Installation Costs

Installation can significantly vary based on your home’s current electrical setup:

  • Simple Installation: If your electrical system is ready and you have an easy installation spot, costs could be as low as $200 to $500.
  • Complex Installation: For homes needing electrical upgrades or with challenging installation sites, costs can jump to $1,000 or more.

Operating Costs

Charging your EV at home will increase your electricity bill, but the cost is generally lower than fueling a traditional car:

  • Off-Peak Charging: Many utilities offer lower rates during off-peak hours, which can help save on costs.
  • Average Cost: On average, expect to pay around $30 to $60 extra per month for electricity if you regularly charge your EV at home.

Potential Savings

  • Incentives: Check for local incentives and rebates for installing an EV charger, which can offset some upfront costs.
  • Increased Home Value: Installing an EV charger can also increase your home’s value and appeal.

Choosing the Right Charger

  • Consider Your EV’s Needs: Make sure the charger is compatible with your vehicle and meets your charging speed requirements.
  • Future-Proofing: Consider investing in a charger with higher power capacity if you plan on upgrading your EV in the future or expect to have multiple EVs.

Conclusion

Investing in a home EV charger is a smart move for convenience and long-term savings. While the initial setup can be costly, the ease of charging and potential incentives make it a worthwhile investment. By understanding the costs involved and shopping smart, you can find the best charging solution for your home and lifestyle.

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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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