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Table of Contents
EV Charging Stuff for Karrie
Level 1 and Level 2
Level 1 chargers run off a standard 120V outlet. They are slow. Level 2 chargers need a 240V/50A outlet. It's what most home chargers use. There's also Level 3, which is what super chargers
Level 2 installation cost
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 CR’s EV Incentive Finder to see how much money they can save based on where they live.
Rebates and credits
Federal rebates for charger installations
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 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.
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://www.kiplinger.com/taxes/605201/federal-tax-credit-for-electric-vehicle-chargers:
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.
Minnesota Electric Vehicle Rebate program
From https://mn.gov/commerce/energy/consumer/energy-programs/ev-rebates.jsp
USED electric vehicle with a cost of USD25,000 or less (not including taxes and fees) could qualify for up to USD600 state rebate
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.
XCell Energy
https://ev.xcelenergy.com/ev-accelerate-at-home-co: their program for home EV charging. Mentions a rebate for 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/used-vehicles: helpful (?) summary of cars and typical incentives.
Energy.gov Drivers
https://www.energy.gov/save/drivers
For used cars: 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.