A home EV charger is an excellent investment for any EV driver who owns their own home.
By installing a Level 2 charger in your house, you’ll likely increase the value of your property. You’ll also save both time and money compared to using public charging stations. Even when you factor in the initial cost of purchasing and installing a home EV charger ($900-$3,000+), the overall savings can be substantial.
What’s more, EV owners in Washington state can access special incentives that make the math even more favorable. When combined with federal tax credits for Level 2 at-home installations, it can turn into a no-brainer for many.
Utility companies such as Tacoma Public Utilities, SnoPud, and Clark Public Utilities each offer rebates ranging from $250 to $500 for customers who install a Level 2 charger at their homes in the Greater Seattle Area.
In addition to Washington state utility company rebates, the recent passing of the Inflation Reduction Act brought on the extension of a federal tax credit that’s commonly referred to as "30C". Under Tax Credit 30C (also known as the Alternative Fuel Infrastructure Tax Credit), homeowners who install a Level 2 EV charger are eligible for up to 30% off their total installation costs, with a $1,000 savings max.
We recommend checking with your local utility company and tax advisor to see what discounts or rebates are available.