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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

Last updated: February 2026

All calculations are estimates. Actual figures may vary based on driving conditions, vehicle specifications, and other factors.