Major Pluses of Installing a Home EV Charging Station in Your Phoenix Home
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You enjoy driving your electric vehicle in Phoenix but probably do not appreciate looking for or waiting at a public charging station. You may have considered installing an electric vehicle charging station in your house, but you were unsure of the many advantages. The convenience of charging an electric vehicle (EV) at home, whether for a single-family or a multifamily dwelling, is becoming more and more valuable by the day.
Here are the main pluses to install a Level 2 charging station at your house or rental property:
Easily more practical
About 80% of EV owners charge their car at home, typically while they sleep. Those who have installed a home charging station for an electric vehicle (EV) are more likely to habitually charge their vehicle overnight, just as they would their cell phone. You can be confident that the car (and phone) will be idle while you sleep, allowing you to make the most of the downtime and ensuring that you are well-rested and prepared for the day ahead. Installing an EV charging station in your garage also eliminates the need to find and wait at a public charging location for many hours while your EV’s battery is fully charged.
Price reduction
When petrol prices averaged $3.50 per gallon, it was already cheaper per mile to drive an EV than to run on gas. However, to keep expenses down, most individuals install an EV charging station at home and use it in the evening, when power rates are lower. Conversely, individuals utilizing public charging stations are often using more expensive power during the day.
Public charging station owners, like any other business owners, must cover costs beyond just the price of the power they use. Rent or mortgage payments, charging station purchase price, maintenance fees, and earnings are all included. Free public charging stations in places like shopping centers, restaurants, and other businesses nevertheless have an opportunity cost because you will likely spend money while you are there.
Level 3 DC fast-charging stations typically have an additional fee attached to their use at these locations. The higher price tag of these chargers compared to Level 2 chargers is a contributing factor. Level 3 EV charging stations use 400 volts to 900 volts of direct current; hence, property improvements are necessary for their installation in most cases. A fast-charging service that takes only 30 minutes to charge your automobile comes at a premium price. The cost of charging at Level 3 is around 25% to 40% more than at Level 2.
Added predictability.
If you have an electric vehicle charger installed in your home, you may charge your vehicle whenever you want without worrying about traffic or long wait times at public charging stations. You may charge your EV overnight at a convenient time, and you can wake up to a fully charged battery. Your EV undoubtedly arrived with a Level 1 charger connected to any 120-volt, standard wall socket. Level 1 chargers add roughly five mph to your speed, which may be sufficient for your commute but will not fully charge most batteries even after being plugged in all night. The situation would be more favorable if one had access to a Level 2 charging station in the comfort of one’s own home; after plugging in the vehicle overnight, one might expect a range of roughly 250 miles.
Home charging also provides the added dependability of a regular price. In contrast to gas prices, electricity costs, which might shift drastically during the year, rarely do. Determine the price per gallon based on the rate your utility charges during that time of day. It is too soon to tell if public charging stations would maintain a flat rate throughout the year or raise prices during busier periods.
Enhanced battery life
Electric vehicle manufacturers advise limiting the number of times a Level 3 rapid charger is used. Supercharging an electric vehicle’s battery more often than using a standard charger has been shown to shorten the battery’s life. However, utilizing a Level 3 fast charger has been found to reduce battery life, so keep that in mind if you’re planning on taking advantage of a free, fast charger on the road. If a Tesla vehicle is supercharged too often, the company has designed it to slow down the charging process.
In addition, filling the battery to only 80% capacity with a DC fast charger is helpful. Your battery’s state of charge (SOC) must be below 80% for a fast charger to begin charging it quickly. These devices reduce their speed to prevent overcharging for the remaining 20%. At that moment, you’d be charged for Level 3 but receive only Level 2. It may take as much time to add the final 20% as it did to achieve 80%.
It is crucial to understand your battery type and the best way to maintain it. Unfortunately, Level 3 charging is not compatible with all EV batteries.
Brings in paying customers and raises the building’s worth.
Having electric vehicle charging stations on the premises may set a building apart and appeal to a diverse demographic of renters. Residents in multifamily buildings may soon require the installation of electric vehicle (EV) charging stations, or they will be asked to find other housing. Most EV charging occurs at home, and many automakers plan to phase out gas-powered vehicles. The demand for electric vehicles will skyrocket in the next year or two.
The commercial real estate firm CBRE has predicted that EV charging stations would become as commonplace as free Wi-Fi in the office. Apartment buildings will have the same issues. More affluent renters who are more inclined to purchase brand-new vehicles will eventually anticipate, if not already demand, the availability of electric vehicle charging stations at their building. If a renter is set on having an electric vehicle charging station installed in their flat, the landlord should utilise this as a chance to demonstrate that they are keeping the property up to date. Besides being more appealing to potential renters, a building with charging infrastructure is likely to be more valued.
The availability of tax incentives in many states and towns is another incentive for property owners to move swiftly. Financial incentives for acquiring and installing electric vehicles (EVs) and charging the federal government provide the infrastructure through the states. Depending on the area and the power company, tax breaks or other financial incentives may exist. Starting in July 2022, Illinois will begin offering incentives that would allow electric vehicle charging station installers to repay 80% of their initial investment. Installing electric vehicle (EV) charging stations is supported financially through a state program in Connecticut, which supports both Level 2 and Level 3 charging stations.
We must act now.
The age of electric vehicles has arrived. More and more electric vehicles (EVs) are likely on the roads nowadays. Those of you who don’t already own one have probably given serious consideration to doing so. Considering the influx of recent releases, settling on a single electric vehicle may be challenging.
No matter whatever EV you drive, having an EV charger installed in your house or place of business will allow you to fully enjoy the freedom of never stopping for petrol or a battery boost. With Add On Electric Phoenix’s assistance, multiple area property and house owners have had the pleasure of installing a Level 2 Charging Station on their premises. You, too, are within our sphere of assistance.
Add On Electric Phoenix streamlines the installation process for EV charging stations across Phoenix. Our team of installers has expertise in EV charging infrastructure installation. Just fill out the form on this page with basic information about your property and attach some images. Alternatively, speak with a representative now.