As the electric vehicle (EV) market continues to surge, the value and benefits of at-home charging stations have become increasingly evident. For current and prospective EV owners, at-home charging is creating the most value by always making affordable and convenient charging available.

However, an at-home charging station represents an investment. While the benefits of at-home charging are relatively clear, it’s essential to understand the initial investment required.  

Types of Home EV Charging Stations

There are two types of at-home EV charging available for homeowners: Level 1 EV charging and Level 2 EV charging. Regardless of budget or existing infrastructure, at-home EV charging is accessible to everyone via Level 1 EV charging, but it may not meet range needs. This slow-charging method uses a standard 120V outlet and the charging cable that generally comes included with an EV. 

There is no upfront cost requirement for panel upgrades of installing a new outlet with the correct type of materials due to the low amperage required for this level of EV charging, but the charging speed of around 1 kWh has some limitations and only delivers two to five miles of range per hour of charging. Often taking over 50 hours to fully charge an EV, many EV drivers find this level of charging does not meet their daily driving needs.

A majority of EV owners are opting to upgrade their home charging by installing Level 2 EV charging instead. This approach requires a dedicated 240V circuit that delivers an output of up to 19 kWh, resulting in approximately 20 to 60 miles of range per hour of charging. Installing the station may include hardwiring the station to the panel, installing a dedicated 240V NEMA 14-50 outlet for a plug-in charging station, and potentially upgrading your old electrical panel.

The higher upfront cost is generally considered fully justified by the faster charging speed and convenience of Level 2 EV charging. However, it’s important to remember that the home EV charging station cost can vary based on different factors such as the complexity of your installation, output, indoor or outdoor installation, or advanced features like bidirectional charging or dual stations.

Assessing Your Home’s Electrical Infrastructure

Load calculation is an essential step in planning your EV charging project. A load calculation consists of assessing the total capacity of your home’s electrical infrastructure and comparing it to expected loads and is a crucial step in ensuring the safety of your EV charger installation and long-term electrical use.

In the past, electrical panels typically had a capacity of 30 or 60 amps, which meant the different circuits could draw a total of 30 or 60 amps at any given time. As electrical appliances grew in popularity, 100-amp panels became the norm.

With at-home Level 2 EV charging drawing anywhere from 16 to 80 amps, a 200-amp panel often makes the most sense. Upgrading to a 200-amp panel ensures that other circuits can still draw power when you charge your EV. It’s also a way of future-proofing your home for additional electrification projects that could increase the total load.

At-Home EV Charging Station Installation Cost

Hiring an experienced EV charging station installer might not be the cheapest option, but investing in quality labor is crucial. The right professional will select the safest materials for the job and ensure that your electrification project is correctly permitted and follows the building and electrical codes, in addition to best practices and all safety standards. They will also draw the necessary permits and explore any additional requirements from your utility provider, such as installing a dedicated meter.

Typically, the average home EV charging station cost ranges between $800 and $2,000, but every installation is different depending on your home and charging needs. Your best option is to get a quote from an experienced professional who can review your home’s electrical infrastructure and discuss your options.

Charging Station Equipment Costs

Purchasing a Level 2 charging station represents a significant portion of the total home EV charging station cost. The charging equipment alone starts at $350, but prices can go up to $750 or more for a quality EV charger. The materials used and overall quality can impact the price, making high-quality charging equipment from reputable manufacturers the best investment.

You should also expect to spend more on a station with a higher output. However, your EV won’t charge faster if the station’s capacity exceeds what the battery can draw. Features like remote charging or smart energy management can increase costs and models that support dual-charging or bidirectional charging will also cost more. You should ask yourself which features will create the most value for you, how much output you need to charge your EV efficiently, and whether a plug-in or hardwired installation makes the most sense for your home and charging needs.

Cost-Benefit Analysis

The total home EV charging station cost includes the cost of the equipment, any additional electrical upgrades required, permit fees, and labor. Installing an EV charging station at home requires an upfront investment. However, a cost-benefit analysis reveals that at-home EV charging is more affordable than public infrastructure. Depending on the charging level and billing model, public charging can cost $10 to $30 per charging session, or more.

On the other hand, an EV owner who drives 1,124 miles a month and pays the average utility rate of $0.16 per kWh will spend around $60 a month on charging at home. It’s also worth noting that the initial investment in at-home charging can be lowered thanks to tax credits and rebates and integrating residential solar into EV charging can also result in lower charging costs.

Financing your EV home charger installation may also be a worthwhile consideration to assist with the initial upfront investment as you wait for the EV charger to begin paying itself off with savings from public charging costs and overall savings from making the switch to electric.

Environmental and Convenience Benefits

Going electric unlocks considerable cost savings, with the latest projections showing that U.S. households will spend an average of $2,400 at the pump in 2024. EVs also have much lower maintenance costs than ICE vehicles. Total savings add up to somewhere between $6,000 and $12,000 over the lifespan of the vehicle.

Beyond cost savings, driving an EV is one of the most impactful steps you can take to reduce your carbon footprint and adopt a lifestyle that aligns with your environmental values. At-home charging is an additional investment that creates value through convenience and reduced range anxiety.

Resale Value and Home Investment

At-home charging is a perk that will increase the value of your home and make your home stand out if you ever decide to sell, regardless of whether you opt to hardwire your EV charging station or install a NEMA 14-50 outlet.

Thanks to lower prices, better-performing electric vehicles, and appealing incentives, EVs and hybrid vehicles could represent as much as 24% of new vehicle sales by 2025. At-home EV charging is quickly becoming a hot commodity that attracts buyers. In fact, a study showed that homes located near EV charging stations sold for $17,000 more on average in California.

Get Started with At-Home EV Charging

Planning a successful electrification project requires a careful analysis of the home EV charging station cost and the benefits associated with charging at home. You should research the total cost, find out more about potential electrical upgrades, and figure out how much charging at home will help you save to make an informed decision.

Discussing at-home EV charging with a professional electrician is a key step in planning for this project. The right installer will deliver quality labor that lasts and results in a safe and performing installation to optimize the value of your project. When it comes to installing an EV charging station at home, deciding which EV charging station you’re going to install can be a big decision, but finding a qualified EV charger installer shouldn’t be one.