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Reply to "Do EVs really save you money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know, but it sure seems to, though it isn't why we got one. We also have solar, so that lowers the cost of home charging. I say it seems to because the only costs are purchase price and electricity, which is pennies whereas filling the gas tank is $50-$100 2-3 times per month, and gas doesn't last as long. We rarely need to fully charge the EV, and rarely drop below 40% -- usually its around 70%, and we keep it at the recommended 80% expect for longer trips. The difference in time (and money) spent on "car stuff" is something we hadn't anticipated making a difference to us, but the EV to hybrid car ownership experience for us is like the difference between a native plant in the right place compared to an exotic, fussy, non-native in a less than ideal spot - so much more work for the hybrid. Once we got used to the EV, the time spent on little things for the hybrid, like getting gas, oil changes, inspections, maintenance issues, became extra annoying simply because we never have to do it for the EV. So now we fuss over who has to deal with the "primitive vehicle," lol. [/quote] You have solar. That wasn’t free and I’m sure you overpaid. So in other words you paid for all your electricity years in advance. Need to factor that into the costs of charging your EV.[/quote] DP but we had solar panels installed in 2019 and have already recouped the full cost without even accounting for how much electricity we are or aren't consuming and how much that costs -- 30 percent came right off the top as a federal tax credit the next year, and then four years of SREC sales made up for other 70 percent. If you live in D.C., the cost savings from solar are great, if you can afford to buy the system rather than lease it. I now have several months a year where my total electric bill is about $12 each month (for transmission and taxes); the most I've spent in a month since installing solar is $100, and that was in the dead of winter with snow all over the panels for a couple of weeks and frequent EV charging. Anyway, it costs me about $5 or $6 to charge my car at home from 20 percent to 80 percent based on the price per kWh I pay for electricity. I'm often not paying for that electricity, but since that's the cost of about 2 gallons of gas, I don't really bother calculating my actual cost.[/quote] Good job with break even on your solar panels. But you still overpaid for both your panels and your EV. [/quote]
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