Have you recently purchased a Tesla and are wondering how much your electric bill will increase by? Or are you debating getting a Tesla but are worried about increased electric bills? Or perhaps you are just curious about electric cars and how much they cost to run?
Whatever the reason is that brought you here today, you aren’t alone!
The cost of charging an electric car is a daunting thought for many, often leaving you feeling anxious about the upcoming purchase, desperately searching online for some answers, only to come up empty-handed and more stressed than before!
Often the lack of answers and uncertainty about the increase in your electric bill is enough to put you off taking the plunge and purchasing your Tesla or any other electric car.
Well, no more! Today we are here with all the answers that you need! Find out how much your electric bill goes up with a Tesla to help you decide if it’s the right car for you or not!
How Much Does Your Electric Bill Go Up With A Tesla?
Let’s get straight into it and find out how much your electric bill goes up with you, and you are charging a Tesla at home. The short answer is: it depends!
A few factors will determine how much you will spend charging your Tesla, such as the model you have, the amount of miles you drive, the battery option, the charger used, and the cost of electricity.
Because all of these factors can vary, it can be difficult to give one answer that suits all to this question, but that doesn’t mean we won’t try!
First, let’s take a look at the average cost of electricity. This varies from one state to another, with the average cost across the country being roughly 13 cents per kWh of electricity. When working out how much your electricity bill will go up with a Tesla, check how much you pay per kWh of electricity.
It might be worth shopping around (make use of comparison sites) to find a cheaper tariff that could save you money!
Using the average cost of electricity and the 100kWh battery in the Tesla X, it would cost roughly $15.92 to charge your Tesla.
To work out how much this adds to your electricity bill, you can multiply by how many times you charge your Tesla X from empty to full. That will allow you to see how much more your electricity bill will cost every month.
While it might seem like a dramatic price increase and as though you are paying a lot more for electricity, it’s worth remembering that you won’t be paying the extortionate price for gas, so the cost balances out.
Some people have seen savings of thousands of dollars per year, paying more on their electricity bill, yes, but the savings you make by not paying for gas are fantastic!
You will pay more for larger batteries and more powerful chargers, so be sure to factor that in when working out the cost of running your Tesla. To work out how much this will cost, multiply what you pay per kWh of gas by the size of your engine.
This will give you a clear idea of how much charging your car from empty to full will cost, which you can then use to see how much more your bill will cost. Consider how many times you charge your car from empty to full, and multiply that number by the cost of charging it once.
So if you charge your car from empty to full 20 times a month, you are looking at $318.40 being added to your electricity bill. Before you recoil in horror, why not sit down and calculate how much you would have usually spent on gasoline in a month. We bet the numbers will surprise you!
What about the cost of charging stations?
Now that we have covered the cost of charging your Tesla at home let’s quickly look at how much it can cost to charge your Tesla on the go.
Tesla has countless charging stations across the country, and we will likely see more and more appear as the demand for electric cars continues to rise.
Tesla’s Supercharging stations allow you to charge your car even quicker than you would at home. The cost of these varies depending on where you are and if you are charged per kWh consumed or the time spent charging.
It varies from station to station, so be sure to do your research beforehand to find the right price. On average, the cost per kWh is 28 cents, but it’s a little more complicated for the per-minute billing, with the method split into two sub-billing processes.
While the price per kWh is higher than the average kWh at home, you might find it’s cheaper to use a Supercharging station. Currently, the Tesla Model S and Model X come with free unlimited supercharging.
For a full breakdown of the charging costs associated with each Tesla model check out this article.
You can earn free supercharging miles through Tesla’s referral scheme. You can find out more about this by contacting Tesla directly, but it’s a fantastic way to get some free miles and convert your friends and family to the electric car life.
Both the free miles and the referral schemes are excellent ways to keep the cost of running your Tesla down when you are out and about.
For those paying higher than average energy prices at home, it could even save you money to drive to your nearest Supercharging station and charge your car. Be sure to look online to find the nearest station to you!
And just like that, we have come to the end of our Tesla journey today. As you can see, the cost of charging your Tesla at home varies depending on the size of your battery and how much you pay for electricity.
You might see your bill rise by a few hundred dollars every month, but as you won’t be paying for gas, it works out cheaper for most drivers! Why not save yourself some money and join the electric car revolution today?