EV Charger Installation: 5 Ways to Save Money

• Research and Utilize Rebates and Incentives

This is a good place to start when you’re looking to save money on EV charger installation. Many local, state, and federal governments, as well as utility companies, offer rebates and tax credits for electric vehicle charger installation. The purpose of these incentives is to encourage people to adopt electric vehicles and promote environmental sustainability.

Do your research prior to installation to find out and apply for all available incentives. These incentives can reduce the cost of installation by almost half. Be sure to check the eligibility requirements and application deadlines. Consult with local electricians, as they often know about these programs and can help you navigate the application process.

• Obtain Multiple Quotes

One of the mistakes most people make is settling for the first electrician they find. We recommend you get quotes from at least three licensed EV installers. Remember, prices can vary based on labor rates, experience, and material costs. The quote provided should include a detailed breakdown of services and materials. Compare the quotes carefully and consider price, the electrician's reputation, and their experience with EV charger installations.

• Choose the Right Charger for Your Needs

There are three types of EV chargers to choose from: level 1 chargers, level 2 chargers, and level 3 chargers (DC fast charging). If you’re looking to save money and have a reasonable charging time, a level 2 charger is a good choice. For commercial settings where quick turnaround is needed, a level 3 charger is preferred despite the higher installation cost. If you need help, consult with a licensed electrician specializing in EV charger installation.

• Optimize Installation Location

Minimize the distance between your electrical panel and the charger installation location to reduce wiring costs. A closer location means less wiring and labor. However, it’s important to consider other factors such as accessibility, safety, and convenience. The chosen location should be easily accessible for charging and protected from weather. Also, consider future needs, as you might want to upgrade your charging capacity later. This is why it’s advisable to leave EV charger installation to licensed electricians. Professional EV installers will assess the capacity of your electrical system, ensure proper wiring and grounding, and obtain necessary permits. They will also make sure the installation meets local electrical codes.

• Consider Off-Peak Charging

Many utility companies offer lower electricity rates during off-peak hours. You may have noticed this if you’re someone who’s committed to lowering energy costs in your home or business. Schedule your EV to charge during these times to reduce your energy costs. This strategy not only saves money but also helps balance grid load. Take advantage of time-of-use rate plans.

Safe and Reliable EV Charger Installation

Mr. Electric of Virginia Beach is the contractor to call when you need an expert to install an EV charger in your home or business. Whether you’re looking to install an EV charging station for the first time in your home or it’s time to expand your public charging station to cater to growing demand, we are the pros you can trust. Give us a call for EV charger installation and find out why we’re trusted electricians serving homeowners and businesses.