As everyone knows, electric cars tend to be a lot more expensive than their gas-powered counterparts. Parts and services also tend to be pricey, but there is one area in which Tesla owners can save a lot of money. We’re talking, of course, about fuel expense. The cost of charging a Tesla is very cheap when compared to the price of gasoline. Thus, all those Tesla owners can make up some of the extra money they spent! Let’s take a closer look at this subject and see if we can give you a more in-depth answer to your question.
Electricity Costs Vary By The Time Of Day
Most of the time, you will be charging your Tesla at home. As such, you will be paying for your fuel in the form of an increased electric bill. Thankfully, this increase is unlikely to be all that high. In fact, you may even be able to charge your car for free if you time it right.
An electric bill isn’t just determined by the amount of power that you use. It is also determined by the time of day in which you use the most power. Basically, your electricity costs will be higher at “peak times.” These are the times in which overall electricity usage reaches its highest point.
Utility companies implement these policies in order to reduce overall power usage at these times. Otherwise, they end up having to build more power plants to deal with the increased need. In most places, the peak times will be from 10 AM to 8 PM during the summer. In the winter, peak times will most often occur between 7 and 11 AM, and from 5 to 9 PM.
By charging your Tesla at times other than these, you can avoid paying peak electricity costs. Be sure to ask your utility company about peak times, as the above hours do not hold true in all situations. Now, let’s try and figure out how much of a difference your timing will make.
As an example, here is the website of a utility company in Kentucky. This company was selected at random, but it just so happens that they offer two different time-of-day billing plans. One of them is based on peak time usage while the other is based on peak time usage combined with total energy use.
When using the first plan, electricity costs about 27 cents per kilowatt-hour during peak times. During off times, the cost goes down to about 5 cents per KWH. When using the demand-based plan, we see that there is a similarly large difference. Thus, we see that the cost of electricity can be as much as five times higher during peak times.
KwH/100 Miles: What Does This Figure Mean?
Every electric car has a KwH/100 figure, and this might be confusing to those who aren’t familiar with the way these vehicles work. Simply put, it tells you how many kilowatts of power you need to travel 100 miles. There is no need to understand the intricacies of how electricity works, but you can use this figure to calculate your total energy costs for charging your Tesla. If you divide your KwH/100 number by 100, you will find out how much you are paying per mile.
How Much Does It Cost To Charge My Tesla At A Power Station?
At first, we thought that a power station would be more expensive than charging at home. However, it seems as if the opposite may be true. According to this information (and other sources as well), you can probably get a full charge for a little more than $2.50. If your battery isn’t particularly low, it will be even less.
By contrast, the average home charge will normally cost about $6.50. While this is still a lot cheaper than the cost of a full tank of gas, the power station still turns out to be a cheaper option.
So, why don’t people use power stations more often? The answer is simple: There just aren’t that many of them yet! In most areas, electric cars are not yet popular enough to warrant the construction of many power stations. Still, they should be very cheap when you find them.
Solar Energy: The Cheapest Option
Although Tesla vehicles are not very expensive to charge, there is a way that you can make them even cheaper. By using a solar panel to charge your vehicle, you can eliminate all fuel costs except for the purchase and maintenance of the solar system itself. Once you have saved enough money to cover those costs, your charging is basically free. If you choose to go this route, you should be aware that a solar charging setup is not cheap. You could end up spending $7000 or more, so make sure you’re serious before you spend that kind of money.
Does The Power Adapter Make A Difference?
Tesla offers two different power adapters for home charging: The NEMA 5-15 and the NEMA 14-50. The 14-50 is a more high-powered setup that allows you to charge a battery completely in about 10 hours. The 5-15 offers about 3 miles per hour of charge time, which is still fast. As far as we can tell, your choice of an adapter will not make a huge difference in the cost of each charging session. One of them simply works a little faster than the other.
Unfortunately, there is no universal answer to the question posed by the title of this article. However, if you follow the instructions provided, you can easily find the answers that you seek. Because every utility company has a slightly different pricing scheme, we can only give you a rough idea of how to proceed. If we have done a good job of that, we hope that you will fill out the contact form below to receive more of our work.