Home EV Charger ROI Calculator

Calculate whether installing a home EV charger makes financial sense compared to relying on public charging stations. ROI depends on your driving habits, electricity rates, and installation costs.

Charger Types:

• Level 1 (120V): Uses standard outlet, 3-5 mi/hr charge rate, free (included with car)
• Level 2 (240V): Requires installation, 15-40 mi/hr charge rate, $400-$800 + install
• Level 3 (DC Fast): Public only, 180+ mi/hr, not for home use

Installation Cost Factors:

• Distance from electrical panel to garage ($50-$100 per foot of wiring)
• Panel upgrade if needed ($1,000-$3,000)
• Permits and inspection ($100-$500)
• Labor costs (varies by region and electrician)

Tip: If you drive less than 10,000 miles/year or have free workplace charging, a Level 1 charger (standard outlet) may be sufficient and costs nothing to install.