Electric vehicles, also known as EVs, have exploded in popularity around the world. People love their sustainability, and many drivers also love not relying on ever-changing fuel costs. However, driving an EV still requires the use of charging stations, and you can actually have one installed in your home. You might wonder what the EV charging station installation cost is, which can actually vary based on a number of factors.
The Installation Costs of Residential EV Charging Stations
If your home already has an available 240-volt circuit, then you can expect to pay around $250 to $400 for a basic installation. On the other hand, if you opt for station mounting that requires specific 50-amp wiring, then your price range is more likely to jump up to the $400 to $1,700 range. If you want a new station that includes a new 240-volt outlet along with wiring and a service panel, then the price range you need to budget for can range from $1,500 to $4,500.
The costs can be high because of how much of the work is electrical. Many electricians charge hourly for their services, which can range from $40 an hour on the low end to $100 per hour on the higher end. Installing a 50-amp and 240-volt outlet might cost $300 to $800 while upgrading to a 200-amp panel could cost you upward of $2,000. Wiring averages $8 per foot, and trenching can range from $4 to $12 per foot.
Three Levels of Charging
One of the biggest factors in determining your EV charging station installation cost will be what level of EV charger you decide on. EV chargers are categorized as Levels 1, 2, and 3. Level 1 chargers are the cheapest and can often be used with standard electricity outlets in your home. The typical Level 1 charger can give your EV about 5 miles of range for each hour you leave it charging.
Level 2 units require 240 volts instead of household 120-volt outlets. These can give you up to 60 miles of driving range per charging hour, so they charge your vehicle much faster than Level 1 stations. Dedicated charging equipment is required. If you want a Level 2 charging station that can charge your vehicle in four to eight hours, then expect to pay $700 up to $2,000. A Level 2 station that can charge your vehicle in just two to five hours might set you back $1,800 up to $4,000.
Level 3 charging stations require the use of 480-volt hardware. Many can charge an EV up to 80% capacity in just half an hour, and that’s equal to almost 250 miles of driving range. There are a few drawbacks of a Level 3 charging station, though. For starters, they’re not compatible with every EV on the market. Secondly, the cost can range from $30,000 to $75,000. Level 3 stations are often considered commercial chargers for these reasons. You can possibly have one installed in your home, but most residential chargers are Level 1 or 2.
There might be other costs you need to take into consideration for EV charging station installation. Depending on your specific community and neighborhood, there might be permitting fees and building codes you need to adhere to. Also, you might need garage modifications based on the layout of your house. You’ll also need to factor in the increased energy bill you might expect now that you’ve started charging your EV at home. Repairs for EV charging stations should also be considered in evaluating your overall installation cost.
Give Yourself the Gift of Charging at Home
Buying an EV is a great way to feel better about your environmental footprint and avoid gas price fluctuations. What’s even better is giving yourself the option of charging at home. If you live in Canton or a surrounding area, then consult us at Beck Electric, Generators & Plumbing about this. We’re a trusted name in the area for electric and plumbing services alike, and we can also handle residential and commercial generators. Contact us at Beck Electric, Generators & Plumbing right away to find out how much your EV charging station options and costs will be.