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Electric Vehicle (EV) Savings Calculator

Gas

miles driven
PER YEAR

÷

Enter your car's MPG here.

miles
PER GALLON

gallons used
PER YEAR

x

$

Gas price reflects New Jersey's current average. You may enter your own value here.

avg. cost
PER GALLON

Yearly gas cost $0.12/mile

Electric

miles driven
PER YEAR

÷

This is the current number of miles Ev's get per kWhr, on average. If you know your desired vehicle's rate, enter it here.

miles
PER kWhr

kWhr used
PER YEAR

x

$

This is an average for New Jersey residential electricity rates. To find your own price per kilowatt-hour, divide total costs by kWhr, and take an average over both winter and summer months.

avg. cost
PER kWhr

Yearly electric cost $0.04/mile

To drive your car for FREE, simply install 2.5 kW of solar.

After housing, transportation costs account for the largest expense for American homeowners. Trading in your old gasoline-powered car for a new Electric Vehicle (EV) will save you not just in fuel costs, but in maintenance as well. EVs have 1/3 of the moving parts compared to traditional gasoline vehicles, and less moving parts means less maintenance costs. However, most Homeowners are worried about increased electricity costs from EV charging.

Good news is that you can drive your car for free if you pair your EV with a residential solar system. In fact, investing in solar panels for electric car charging can pay off more quickly than using solar for home electricity alone. This is because the solar power replaces more expensive gasoline in addition to grid electricity. Both gasoline and electricity prices continue to go up with rising inflation so it’s a great peace of mind to forever lock this expense at a low price with solar panels.