Home EV Charger Payback: When a Level 2 Charger Actually Pays for Itself

Home EV charger payback calculator

Change any figure and the answer updates. Nothing is sent anywhere; the arithmetic runs in your browser.

Installed cost of the chargerHardware plus electrician, before any rebate.

Rebate you will actually receiveThe federal 30C credit ended 30 June 2026. Utility rebates may still apply.

Miles you drive a year

Pick your car (optional)EPA combined figures for 2026 models, from fueleconomy.gov. Trim and wheel size change the number, so check your own window sticker if you have it.

Your car's consumption (kWh per 100 miles)EPA window sticker. 24 is very efficient, 40 is a big truck.

Home electricity rate (cents per kWh)Check a recent bill: total bill divided by kWh used.

Public fast-charging rate (cents per kWh)

Fixed fee per public session ($)EVgo lists $0.99 in-app and $2.99 by credit card.

Typical public session size (kWh)

Share you charge at home TODAY (%)Most drivers without a Level 2 charger still trickle-charge on a 120 V outlet.

Share you would charge at home AFTER (%)

Electricity you need a year

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Charging cost today

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Charging cost with the charger

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Saved per year

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Pays for itself in

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If you already charge this much at home	Cost today	Saved per year	Payback

The fixed per-session fee is converted to cents per kWh using your typical session size, because that is how it actually lands on your bill. Rates, rebates and driving habits change; re-run it with your own numbers rather than trusting a default.