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ev_charging_stuff_for_karrie [2023/07/21 04:46] – [Level 1 and Level 2] mithatev_charging_stuff_for_karrie [2023/07/21 05:11] (current) mithat
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 ===== Level 1 and Level 2 ===== ===== Level 1 and Level 2 =====
-Level 1 chargers run off a standard 120V outlet. They are slow. Level 2 chargers need a 240V high current outlet. It's what most home chargers are Level 2. There's also Level 3, which is what super chargers+Level 1 chargers run off a standard 120V outlet. They are slow. Level 2 chargers need a 240V high current outlet. It's what most home chargers are Level 2. There's also Level 3, which is what a lot of fast public chargers use.
  
-From https://www.forbes.com/wheels/advice/ev-charging-levels/: +From https://www.energy.gov/energysaver/articles/ev-charging-home:
-Most homes in the US can add a circuit for a Level 2 charger without the need to upgrade the service. A Level 2 charger needs a dedicated 240-volt circuit like that of an electric clothes dryer or electric kitchen range. In some instances, you can even share the existing circuit that powers the electric clothes dryer with your Level 2 EV charger if it’s located in your garage, or nearby. +
-===== Level 2 installation cost =====+
  
-From https://www.consumerreports.org/cars/hybrids-evs/how-to-choose-the-best-home-wall-charger-for-your-electric-vehicle-a6908889697/:+> All mass-produced electric vehicles today include a 110-volt-compatible (Level 1) charging unit which is able to be plugged into any standard 110v household outlet. ... For an eight-hour overnight charge, this will enable traveling around 36 to 40 miles which is great for people who drive less than 50 miles (80 km) a day. 
 +
 +> Compared with Level 1 charging, a Level 2 charge takes about half the time providing about 180 miles of range over an eight-hour overnight charging period.
  
-The national average installation cost is between USD518 and USD1,273, according to HomeAdvisor, but could rise to thousands of dollars if you need your wiring upgraded or if you have a charger installed far from your main electrical panel. There are state and federal tax credits that can help you pay for this cost, and some utility companies will also give you a rebate. CR members can use [[https://www.consumerreports.org/cars/ev-incentive-finder/|CR’s EV Incentive Finder]] to see how much money they can save based on where they live.+From https://www.forbes.com/wheels/advice/ev-charging-levels/:
  
-===== Rebates and credits =====+> A Level 2 charger needs a dedicated 240-volt circuit like that of an electric clothes dryer or electric kitchen range. In some instances, you can even share the existing circuit that powers the electric clothes dryer with your Level 2 EV charger if it’s located in your garage, or nearby.
  
-==== Federal rebates for charger installations ==== +===== Level 2 installation cost =====
-From https://www.forbes.com/advisor/personal-finance/ev-charger-tax-credit/:+
  
-During the 2023 tax season, taxpayers are eligible for a credit of 30% of the hardware and installation costs for EV chargers installed at their homes in 2022It’s a one-time, nonrefundable tax credit for a maximum of $1,000.+From https://www.forbes.com/wheels/advice/ev-charging-levels/ (emphasis added):
  
-Residential EV chargers can cost anywhere from $200 to well over $1,000, depending on the type of charger and the brandHiring an electrician to install the charger can cost between $300 to $1,000, depending on the charger, voltage and what work needs to be done.+> Installation typically ranges from \$200 to \$1,000, and into the thousands if you require a service upgrade to add the additional circuit needed**It’s wise to consult the advice of a licensed electrician before purchasing an EV, so you know exactly how much it will cost to install the home charging equipment in advance.**
  
-Some people may need to update their electricity panel to accommodate the new charger, which could drive up the installation costs (covered by the credit). You may also need to get a permit to install your charger—another fee that can boost the price of installation.+From https://www.consumerreports.org/cars/hybrids-evs/how-to-choose-the-best-home-wall-charger-for-your-electric-vehicle-a6908889697/:
  
-IRS Form 8911 may give you an idea of how much you qualify to receive as tax creditJust make sure you save your receipts for when you file your taxes.+> The national average installation cost is between \$518 and \$1,273, according to HomeAdvisor, but could rise to thousands of dollars if you need your wiring upgraded or if you have charger installed far from your main electrical panelThere are state and federal tax credits that can help you pay for this cost, and some utility companies will also give you a rebate. CR members can use [[https://www.consumerreports.org/cars/ev-incentive-finder/|CR’s EV Incentive Finder]] to see how much money they can save based on where they live.
  
-From https://www.kiplinger.com/taxes/605201/federal-tax-credit-for-electric-vehicle-chargers:+===== Charger installation rebates and credits =====
  
-Essentially, if you install a home EV charging station, the tax credit is 30% of the cost of hardware and installation, up to $1,000.+==== Federal ==== 
 +From https://www.forbes.com/advisor/personal-finance/ev-charger-tax-credit/:
  
-==== Minnesota Electric Vehicle Rebate program ====+> During the 2023 tax season, taxpayers are eligible for a credit of 30% of the hardware and installation costs for EV chargers installed at their homes in 2022. It’s a one-time, nonrefundable tax credit for a maximum of \$1,000. 
 +
 +> Residential EV chargers can cost anywhere from \$200 to well over \$1,000, depending on the type of charger and the brand. Hiring an electrician to install the charger can cost between \$300 to \$1,000, depending on the charger, voltage and what work needs to be done. 
 +
 +> Some people may need to update their electricity panel to accommodate the new charger, which could drive up the installation costs (covered by the credit). You may also need to get a permit to install your charger—another fee that can boost the price of installation. 
 +
 +> [[https://www.irs.gov/pub/irs-pdf/f8911.pdf|IRS Form 8911]] may give you an idea of how much you qualify to receive as a tax credit. Just make sure you save your receipts for when you file your taxes.
  
-From [[https://mn.gov/commerce/energy/consumer/energy-programs/ev-rebates.jsp]]+From https://www.kiplinger.com/taxes/605201/federal-tax-credit-for-electric-vehicle-chargers:
  
-USED electric vehicle with a cost of USD25,000 or less (not including taxes and fees) could qualify for up to USD600 state rebate +> Essentially, if you install home EV charging station, the tax credit is 30% of the cost of hardware and installation, up to \$1,000.
  
-The State of Minnesota has limited funds to provide rebates for electric vehicles (EVs). When the program launches, completed applications will be reviewed on a first-come, first-served basis+==== Minnesota ==== 
 + 
 +I can't find any information on Minnesota state-level rebates or credits. It doesn't mean they don't exist though.
  
 ==== XCell Energy ==== ==== XCell Energy ====
  
-[[https://ev.xcelenergy.com/ev-accelerate-at-home-co]]their program for home EV charging. Mentions rebate for Home Wiring Rebate, but the link says nothing about it.+[[https://ev.xcelenergy.com/ev-accelerate-at-home-co|Accelerate at Home]] is their program for home EV charging. This page mentions  Home Wiring Rebate, but the link says nothing about it.
  
 [[https://ev.xcelenergy.com/incentives]]: links to federal and state incentives. [[https://ev.xcelenergy.com/incentives]]: links to federal and state incentives.
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 [[https://ev.xcelenergy.com/used-vehicles]]: helpful (?) summary of cars and typical incentives. [[https://ev.xcelenergy.com/used-vehicles]]: helpful (?) summary of cars and typical incentives.
  
-==== Energy.gov Drivers ====+===== Car rebates/credits =====
  
-[[https://www.energy.gov/save/drivers]]+Apparently, there are state-level EV incentives as well as federal.
  
-For used cars: +==== Minnesota Electric Vehicle Rebate program ====
-Incentive Type: Tax Credit +
  
-Incentive AmountUp to $4,000 for eligible buyers of qualified, previously-owned clean vehicles +From [[https://mn.gov/commerce/energy/consumer/energy-programs/ev-rebates.jsp]]
  
-How to Access: Submit IRS Form 8936 +> USED electric vehicle with a cost of \$25,000 or less (not including taxes and fees) could qualify for up to \$600 state rebate  
-when filing your taxes if you meet the requirements detailed on IRS.gov. Visit FuelEconomy.gov+>  
 +> The State of Minnesota has limited funds to provide rebates for electric vehicles (EVs). When the program launches, completed applications will be reviewed on a first-come, first-served basis 
 + 
 +==== Energy.gov Drivers ====
  
-for a list of eligible used vehicles. +From [[https://www.energy.gov/save/drivers]] for used cars:
  
-⚠️ There are eligibility requirements for both the consumer and the vehicle.+> Incentive Type: Tax Credit  
 +
 +> Incentive Amount: Up to \$4,000 for eligible buyers of qualified, previously-owned clean vehicles  
 +
 +> How to Access: Submit IRS Form 8936 when filing your taxes if you meet the requirements detailed on IRS.gov. Visit FuelEconomy.gov for a list of eligible used vehicles.  
 +
 +⚠️ There are eligibility requirements for both the consumer and the vehicle.
ev_charging_stuff_for_karrie.1689914787.txt.gz · Last modified: 2023/07/21 04:46 by mithat

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