Are you considering buying a Level 2 charging station for your electric car but worry about the cost? Well, worry no more! In this blog, we’re going to take a look at how you can make the most out of your Level 2 charging station cost and help you save money in the long run.
First things first, what is a Level 2 charging station? It’s a charging station that delivers up to 25 miles of range per hour of charge and requires a 240-volt outlet, which is commonly found in most households and public charging stations. Now that we’ve laid out the basics, let’s dive into how you can maximize the cost of your Level 2 charging station.
1. Look for Rebates and Tax Credits
Before purchasing your Level 2 charging station, make sure to research rebate and tax credit programs. Some states offer incentives for purchasing and installing a charging station. For example, in California, you can get up to $1,200 in rebates for purchasing and installing a Level 2 charging station. Additionally, the federal government offers a 30% tax credit for the cost of purchasing and installing eligible charging stations for both residential and commercial customers.
2. Choose the Right Charging Station
Not all Level 2 charging stations are the same. Before making a purchase, make sure to choose a charging station that suits your needs. The cost of the charging station can vary depending on its features, such as:
- Power output
- Charging speed
- Compatibility with your electric car make and model
Make sure to read reviews and compare prices before choosing the charging station that suits you best.
3. Time of Use Metering
If your utility company offers time-of-use metering, take advantage of this program to save money on your electric bill. Time-of-use metering means that electricity has a different cost depending on the time of day. During peak hours, electricity is more expensive, while off-peak hours have lower costs. By charging your electric car during off-peak hours, you can save money on your electric bill.
4. Plan for the Future
Before purchasing your Level 2 charging station, plan for the future. Do you have plans to purchase a second electric car or change your current model in the future? Make sure to choose a charging station that can handle the charging needs of your future electric car.
Investing in a Level 2 charging station may seem expensive at first glance, but by following these tips, you can make the most out of your investment:
- Research rebate and tax credit programs before making a purchase
- Choose the right charging station for your needs
- Take advantage of time-of-use metering programs
- Plan for your future charging needs
According to a report published by Allied Market Research, the global electric vehicle charging infrastructure market is projected to grow at a CAGR of 36.8% from 2019 to 2026. With the increasing popularity of electric cars, investing in a Level 2 charging station is a smart move.
In conclusion, making the most out of your Level 2 charging station cost is all about choosing the right charging station, taking advantage of rebate and tax credit programs, time-of-use metering programs, and planning for your future charging needs. By following these tips, you can save money in the long run while enjoying the benefits of environmentally-friendly electric cars."