What's in my Powerbill?

When I was in the market for an EV, when Elon was still saving the world, it was quite difficult to figure out the real costs of home-charging. Most web tools don’t have accurate energy costs for my crazy expensive zipcode and I didn’t even know my true electricity costs. Here’s an analysis of what I’m paying to charge my Tesla Model Y. BTW, despite Elon going off the deep-end, it’s still a good vehicl

The easiest way to see how much electricity I use to charge my EV is from my Smart Charge New York account. Smart Charge is a program administered by a UK B Company, which evidently is important, ev.energy, About (ev.energy).

SmartCharge New York pays me incentives to charge my EV during off-peak hours. In order to take advantage of this benefit, I need to connect my Tesla account to SmartCharge and then I get paid. SmartCharge has a few different incentives, but it’s the only way an EV pays. If you have an EV in New York, or any state with SmartCharge, join up!

I have accurate data on EV charging, ‘real’ electricity rates, and my SmartCharge rebates. Enough to show the real costs of charging my Tesla Y.

Let’s take a look at October 2023. During this month, I used 378 KwH to charge my car at home. My electricity rate, post taxes and fees, considering both supply and delivery, is $.37/KwH. Therefore, I spent $140.45 to charge my car this month. I received a SmartCharge New York rebate of $70.04, bringing my total charge costs to $70.01. I drove 1,178 miles in October 23.

Considering a car that gets 25MpG, and premium gas costs, which my previous car required, of about about $4.20 in my area, I would have used 47.1 gallons of gas and spent $197.92 on gas.

In October 2023, I saved about $128 as compared to a gas car. My total EV home charging bill was $70.01, after rebates, to drive 1,178 miles.

Hopefully, this help. I’ll continue on this theme for many posts.