Electric Vehicle Calculator
Home Charger ROI Calculator
A Level 2 charger costs money to buy and install — but charging at home is far cheaper than public stations. See how quickly the savings pay back the hardware.
Your Setup
Hardware plus electrician. Subtract any utility rebate first.
What you'd otherwise pay at DC fast chargers.
Payback Period
to recover the $1,400 upfront cost
Annual Savings
$895
Home Charging/yr
$494
All-Public Cost/yr
$1,543
5-Year Net Benefit
$3,075
Verdict
Fast payback — a home charger pays for itself well within typical ownership and saves for years after.
How it works.
Frequently asked questions.
How much does a Level 2 home charger cost to install?
The charger itself is often $400–$700, and installation runs $300–$1,300 depending on your panel capacity and the distance to the parking spot. Many utilities and states offer rebates that can cut hundreds off the total — subtract those before entering your cost.
Do I even need a Level 2 charger?
If you drive modest miles and can plug into a regular 120V outlet overnight, Level 1 may be enough and costs nothing extra. Level 2 shines for higher-mileage drivers or those who need to recharge fully overnight, and it improves resale appeal of your home.
Does a home charger add value to my house?
It can. A pre-installed Level 2 circuit or charger is an increasingly desirable feature for EV-owning buyers, so part of the cost may be recovered at sale on top of the charging savings modeled here.