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The Cost Savings of Using a Solar Electric Car Charging Station

5 Apr 2023 9 mins to read
Yo guys, there's no denying that electric cars are rad, right? They're swift, they're quiet, and most importantly, they're eco-friendly! But you know what's almost as rad as electric cars? Solar charging stations, that's right! Installing a solar electric car charging station in your home or office isn't just the responsible thing to do, it's also a smart financial decision that will save you cash in the long run.
The Cost Savings of Using a Solar Electric Car Charging Station
Summary:

The Benefits of Solar Charging Stations

Before we get into the cost savings, let's quickly go over the benefits of installing a solar charging station:

  • Environmentally Friendly: Solar charging stations harness the sun's energy, meaning no harmful emissions are released into the air.
  • Cost-Efficient: Harnessing the sun's energy is completely free, so charging your electric car with a solar charging station is a lot cheaper than using the grid's electricity.
  • Reliable: As long as the sun is up, your solar charging station will work. That's practically a guarantee, making it more reliable than the grid.
  • Convenient: No more rushing to get the last spot at the charging station! Install a solar charging station on your property, and you'll have your own personal charging station that's always available.

The Cost Savings

Alright, let's get to the meat and bones of this article - the cost savings. We did some research, and here are the numbers:

Upfront Costs

It's true, solar charging stations aren't cheap - but they're not crazy expensive either. Here are the typical upfront costs:

  • Level 1 Solar Charging Station: $200-$400
  • Level 2 Solar Charging Station: $400-$700
  • Level 3 Solar Charging Station: $1,000+

Level 1 charging stations are the slowest, so we wouldn't recommend them if you use your electric car frequently. Level 2 charging stations are the most common, and they can fully charge your car in about 4-8 hours. Level 3 charging stations are the fastest, but they're also the most expensive.

Electricity Costs

When you charge your electric car using the grid's electricity, it typically costs around $0.14-$0.18 per kilowatt-hour (kWh). On the other hand, charging your car with a solar charging station costs... drumroll, please... nothing! Zero dollars, friends. Zilch. Nada.

Return on Investment (ROI)

So, how long does it take for a solar charging station to pay for itself? Well, with the numbers we calculated, it takes 2-5 years for a solar charging station to break even. But keep in mind that if you purchase a Level 3 station, it may take a little longer to break even.

Longevity

A solar charging station has a lifespan of around 25 years. Compare that to the lifespan of a gas pump, and you'll see why solar charging stations are the way of the future.

The Key Takeaways

So, what have we learned today? Installing a solar charging station is:

  • Environmentally friendly
  • Cheap to use
  • More reliable than the grid
  • Convenient
  • An upfront investment that pays off in the long run

Plus, you'll look pretty darn cool with a solar charging station on your property. And isn't looking cool what it's all about?

Well, guys, there you have it. The cost savings of using a solar electric car charging station. We hope this article has been informative and has helped you make a smart financial decision.

electric car charger installation

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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
logo
Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645