How does EV charging affect my electric bill?

The charging cost associated with an EV is about the same or less than the cost required to operate an average central air conditioner or water heater for a few hours. Charging during off-peak hours (overnight) maximizes your cost savings.

The cost depends on several factors such as how depleted your EV battery is when you plug it in, if you’re charging during on-peak or off-peak hours, and what your kWh rate is with either Xcel Energy or United Power. For example, if you charge your vehicle off-peak hours, your battery size is a 24-kilowatt-hour, and your electricity cost is $0.07 per kWh, then the cost to charge your EV at home would be $1.68 per session (assuming the battery is fully depleted/0% battery life).

Show All Answers

1. Why should I consider an electric vehicle?
2. Is the Town electrifying its fleet of vehicles?
3. What is an electric vehicle?
4. What is the first step to researching EVs?
5. How much tax credit is available for EVs?
6. Are there reduced financing options for EVs?
7. How do I charge my car at home?
8. What does a home charger cost?
9. Do you need a building permit to install a charger?
10. How does EV charging affect my electric bill?
11. Where can I charge my EV when traveling?