Home EV Charger Cost: Understanding Your Investment

Illustration of home EV charger installation costs with an electric vehicle in the driveway, icons for charger cost, installation, and savings

As electric vehicles (EVs) gain popularity, many drivers are considering the convenience of a home EV charger. Understanding the costs involved is crucial to making an informed investment. Here’s a breakdown to help you navigate the expenses of home EV charger installation.

Types of EV Chargers

  • Level 1 Chargers: These use a standard household outlet (120V) and are typically included with your EV. They’re the slowest, offering about 4-5 miles of range per hour of charging.
  • Level 2 Chargers: Require a 240V outlet and offer faster charging, about 20-25 miles of range per hour. These are the most popular choice for home installations.

Cost Factors

  1. Charger Cost: Level 2 chargers range from $300 to $600 on average, depending on features and brand.
  2. Installation Costs: Can vary widely, from $300 to over $2,000. Factors include the complexity of the installation, necessary electrical upgrades, and labor rates in your area.
  3. Permits and Inspections: Some localities require permits for EV charger installations, which can add to the cost.

Potential Savings

  • Tax Credits and Rebates: Federal, state, and local incentives can offset some installation costs. Check local programs for eligibility.
  • Energy Costs: Charging your EV at home is generally cheaper per mile than driving a gasoline car. Over time, these savings can add up.

Making the Right Choice When selecting a home EV charger, consider:

  • Your Vehicle’s Charging Capacity: Ensure the charger matches your vehicle’s needs.
  • Future-Proofing: Consider purchasing a charger with a higher capacity than you currently need to accommodate future vehicles.
  • Smart Features: Some chargers offer app connectivity for scheduling and monitoring, which can optimize charging costs further.

Conclusion Investing in a home EV charger is a step toward convenience and efficiency. While the upfront costs can be significant, the long-term savings and convenience often justify the investment. By understanding the types of chargers, cost factors, and potential savings, you can make an informed decision that enhances your EV ownership experience.

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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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