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How can I save more on my home EV charging?Updated 8 months ago

Electric vehicles (EVs) are rapidly gaining popularity, offering a more sustainable and environmentally friendly alternative to traditional gasoline-powered cars. Besides their environmental benefits, one of the compelling reasons to switch to an EV is the potential for significant cost savings. In this article, we'll explore how you can save money with EV charging, including information on rebates, the cost advantages of home charging, and the benefits of charging during off-peak hours.

Take Advantage of Rebates and Incentives:

Before diving into the savings from charging, it's essential to be aware of the available rebates and incentives. Many governments and local utility companies offer financial incentives and tax credits to encourage the adoption of electric vehicles. These incentives can significantly reduce the upfront cost of purchasing an EV, making them more affordable from the start. There are rebates available on the purchase of the actual car, as well as for Level 2 Chargers and installation costs. Be sure to research the incentives available in your area and take full advantage of them.

Click here for the full list of rebates. 

Charge at Home for Cost Efficiency:

Charging your EV at home is typically the most cost-effective way to power your vehicle. Home charging stations, or electric vehicle supply equipment (EVSE), allow you to charge at your convenience and avoid the higher costs associated with public charging stations. You can plug in your EV overnight, taking advantage of lower electricity rates during off-peak hours, and wake up to a fully charged vehicle.

Embrace Off-Peak Charging Hours:

Electricity rates often vary throughout the day, with off-peak hours offering significantly lower costs. Charging your EV during these times can result in substantial savings. Many utility companies offer Time-of-Use (TOU) plans that provide lower electricity rates during off-peak hours, making it even more cost-effective to charge your EV at home. Be sure to check with your utility provider to explore available TOU plans.

For those who would like a gas comparison to TOU charging: Imagine if gas prices suddenly dropped 40-60% every night starting at 12am... and the gas station was also conveniently located in your own garage. It's a no-brainer!

Plan Your Trips and Opt for Free or Low-Cost Public Charging:

While home charging is the most cost-effective option, there may be times when you need to use public charging stations. To save money, plan your trips strategically and consider free or low-cost public charging options. Some EV charging stations may offer free charging, while others may have lower rates during specific hours or at certain locations. Smartphone apps and websites can help you locate affordable or free charging options in your area.

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