How much does it cost to install an EV charger?

Electric vehicles (EVs) are making their way onto the roads at a greater number than ever. Even worldwide, these cars are becoming increasingly commonplace. As the global shift toward EVs rises, car owners may benefit from installing their own EV charger. Here are the associated costs.

In 2019, about 7.3 million EV chargers were installed worldwide. In the same year, 6.5 million were installed by both homeowners and businesses. These statistics refer to private owners, making the number of public charging stations around the world far less.

Most major auto manufacturers remain focused on electrifying their product lineups and steadily rolling out EV models with a cost-effective price tag. Rather than hunt for a public charging station, it is more practical for EV owners to install an EV charger in their home or place of business.

What are the EV charger basics?

EVs are powered by rechargeable batteries with varying capacities. The least expensive way to power these batteries is to do so at home. The cost of electrical consumption is comparable to that of any other household equipment, such as a heater or an AC unit.

What are the three EV charger levels?

The charging type, as well as the output design, affect the cost of installing an EV charger at home or place of business. Costs are also determinant on the location of the charging point, the contractor chosen, labor costs, and any other variables required to install the charger.

Charging stations fall into any of three levels of classification (Levels 1, 2 and 3), each of which comes with a unique set of characteristics. The most important factor to take into consideration is that the higher the EV charger level, the faster the battery will charge.

How much does installation cost for a Level 1 charger?

The most basic Level 1 charger comes with the vehicle when it is first purchased. It is plugged into a standard 120 V outlet. The charger’s capacity is 1.9 kW and delivers a charge rate of five miles per hour of charging. The battery is fully charged in 32 hours.

Despite its relatively slow charge, the Level 1 charger is the most convenient. Installing a Level 1 charger is easy because the 120 V outlet is already accessible in most homes. A Level 1 charger costs $300 to $600 for the equipment and labor ranges from $300 to $1,000.

How must does installation cost for a Level 2 charger?

The Level 2 charger does not come with the vehicle but is readily available. This charger demands twice the voltage of a Level 1 charger, as it connects to a 240 V unit. It has a capacity of up to 19.2 kW and should be hardwired to the home circuit.

A Level 2 charger charges the vehicle 5 to 7 times faster and delivers a charge rate of about 60 miles per hour of charging. The cost of the equipment ranges from $500 to $800. Installation, labor, and miscellaneous fees start at $1,200, depending on different factors.

How much does installation cost for a Level 3 charger?

The voltage required for a Level 3 charger is twice that of a Level 2 charger. A Level 3 DC charger uses 480 V and can fully charge the car within 30 minutes. However, the Level 3 charger is not compatible with all of today’s vehicles.

Installing a Level 3 charger for your business requires special permits and a total upgrade of the electrical circuit. It is the most expensive of all EV chargers. The Level 3 charger equipment alone ranges from $20,000 to $50,000. Labor fees could soar as high as $50,000.

What are additional cost considerations for installing an EV charger?

Level 2 chargers are universal or vehicle-specific. In homes that already have a 240 V circuit, the basic installation cost ranges from $200 to $400. But mounting the system, from the wiring to the installation of a new service panel and a 240 V outlet, costs $1,000 to $1,500 more.

The high cost of installation primarily revolves around the electrical work. Qualified electricians are necessary to handle the labor, which costs $40 to $100 per hour. The good news is that the federal government offers tax credits of up to $1,000 to buy and install the EV charger at home.

Obtaining the necessary permits is also costly. The installation of an EV charger must meet certain federal, state, and local building codes. Permit costs range from $150 to $250 (with contractor registration) on up.

Installing an EV charger at home could cost anywhere from $500 to $8,000. The vast range depends on the type of vehicle driven, the home’s geographical location, how fast the owner wants the car recharged, and any modifications to the home’s electrical circuit.

For  commercial EV Charging Station installation, the cost could be anywhere from $50000 to $80000 depending on different factors.

Homeowners who wish to install a Level 2  have plenty of options. But one installer stands out from the rest—Nu-Trend. We are a licensed, bonded, and insured EV charger installation service with the skill to perform a quality installation at your home or business.

Nu-Trend’s trained technicians understand the nuances of EV charging infrastructures. We ensure the charger operates at peak performance every time. Our company offers excellence in workmanship, customer service, and modern technology. We respect your space and time and install the charger quickly.

Our dedicated team handles the project from start to finish. We obtain the necessary permits, schedule the work, purchase parts, perform a quality installation, and follow up with an inspection. In addition, Nu-Trend’s expert technicians offer convenient maintenance and repairs of EV charging stations.

EV owners who opt to install a home EV charger are encouraged to choose Nu-Trend, like countless satisfied vehicle owners have. We serve home and business owners in Schaumburg, Illinois, and the surrounding areas. Call us today for impeccable service and premium-quality workmanship.