Electric Vehicle (EV) Savings Calculator

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.