More drivers are turning to electric vehicles for their environmental benefits and protection from fluctuating gas prices. As a result, EV owners are installing chargers at their homes so they can fuel up for the day’s driving. But how much does it cost to install an EV charger at home?
Overnight charging is necessary for convenience and flexibility if you own an EV. But a good charging station is an investment you should plan out. By anticipating your EV home charging station cost, you can budget better while finding the system that will satisfy your needs.
How Much Does It Cost to Install an EV Charger At Home?
The cost of an EV charging station will vary depending on the type of charger you install and the complexity of your installation. These are the main factors that will change the price on your EV charger:
- The charger level you install
- Any electrical service upgrades you need to install the charger
- Permits and inspections
- Your electrical setup
- Rebates and incentives
The primary charger levels used in residences are levels 1 and 2. Level 3 chargers are high-powered and not ideal for everyday use.
Level 1 Chargers
These are the basic chargers that are the cheapest but slowest. Level 1 chargers are universal, so every EV can use them. However, if you need to use your car on a daily basis and/or travel longer distances, level 1 is probably not for you.
One of the factors that makes level 1 a lower-cost option is that it doesn’t need special equipment or outlets. It uses a standard 120-volt AC outlet. But it’s important not to use other large appliances at the same time to prevent overloading your circuit.
Level 1 chargers are a good option for those who have very minimal daily driving needs and are willing to manage their driving schedule according to the slower charging pace. Installation costs are likely to be lower because these use less power to operate. On average, the cost to install an EV charger at home for level 1 is $1,000-$2,300.
Level 2 Chargers
The next level of EV charging is level 2. Although pricier than level 1, many homeowners find this option worth it because it charges quicker. These use 240-volt power sources, so you may require additional electrical work if you do not have one available in the right spot.
Because level 2 chargers can charge a vehicle completely overnight, they are a popular option for those who frequently use their electric vehicles. You can get much farther with a level 2 charge than a level 1.
A level 2 EV home charging station cost averages from $1,200 to $2,700. You might pay even more, however, if you need to upgrade your service in order to install the charger.
Electrical Service Upgrades for EV Chargers
An EV charger is a major appliance, and it’s going to use a significant amount of power. Before you install an EV charger, you may also need to consider the cost of a potential service upgrade.
If you do not upgrade your electrical service when you need to, you can introduce a lot of danger to your home. The cost of upgrading your electrical service depends on a variety of factors, including the size of your property, the existing electrical setup, and the scope of the project.
Upgrading your electrical service often entails installing a new electrical panel with a larger amperage capability, as well as replacing the existing wiring and breakers. The average cost of upgrading from 100 to 200 amp service is $1,300-$3,000. If more work is required, such as repairing outdated or hazardous wiring, adding new circuits, or updating the grounding system, the cost can go up even further.
It’s important to note that the cost of an electrical service upgrade can also change according to local building rules and permit fees, and the intricacy of the installation.
Permits and Inspections
To guarantee that EV charger installations meet safety and construction code requirements, many regions require permits. The cost of acquiring a permit varies depending on your area. Permit fees may be flat-rate in some circumstances, while others may be depending on the installation value.
You may need to get inspections during the installation process to meet building code standards. Inspection costs vary depending on where you live and the scope of the inspection. Inspection fees may be included in the permit fee in some situations, but they may also be charged separately in others.
Failure to get the required permits and inspections may result in hefty fines or legal penalties. Never skip this step!
Furthermore, some utility companies provide rebates or incentives for EV charger installations, and you may need permits and inspections to qualify.
The Complexity of Your Setup
The location of the EV charger and its distance from the electrical panel affects the cost of installation. If the installation site is far from the electrical panel, you’ll need more wires and conduits, raising the cost of materials and labor.
Rebates that Offset EV Home Charging Station Cost
Many states offer rebates to incentivize the switch to cleaner and greener technology. There are a variety of rebates and incentives that reduce the cost to install an EV charger at home. The best way to find the rebates you might qualify for is to do a search according to your location and charger type.
One such rebate in New Hampshire, for instance, is $300 off of a level 2 EV charger. The NHEC Drive Electric website offers more information on eligibility and application for EV charging station rebates in New Hampshire.
Get Recharged with Energy Shield of New Hampshire
Energy Shield of New Hampshire can help you upgrade or install your home EV charging station. We’ve been making homes and businesses in New Hampshire more energy-efficient for over four decades. You can rest assured knowing you’re getting a great service with us! Get a free quote on your home electrical improvement by contacting us today.