Home Charger Calculator
Calculate the payback period for installing a home EV charger.
How We Calculate This
This calculator compares the cost of home charging versus public charging to determine when a home charger pays for itself.
The Formulas
- Annual kWh = Annual miles / Efficiency (mi/kWh)
- Annual home cost = Annual kWh x Home electricity rate
- Annual public cost = Annual kWh x Public charging rate
- Payback period = Installation cost / Annual saving x 12 months
Frequently Asked Questions
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Last updated: February 2026
All calculations are estimates. Actual figures may vary based on driving conditions, vehicle specifications, and other factors.