The cost-saving benefits of charging your electric vehicle at home

Charging your electric vehicle (EV) at home could save you some serious cash

Picture this: You've just pulled onto your drive after a long day, plugged in your EV, and by morning it's fully charged and ready to go. All while you were warm and snug, tucked up in bed.

No detours to public chargers, no waiting around, and best of all? Your wallet's barely noticed.

If you lease an electric car, charging at home isn't just convenient; it's one of the smartest money-saving moves you can make.

Home charging is widely regarded as the most cost-effective way to run an EV, and once you've experienced the simplicity of waking up to a full battery, you'll wonder how you ever managed without it.

But it also comes with other benefits too. 

So, let’s dive into why charging your EV at home is a win-win situation.

Affordable EV charging

Charging at home is cheaper than using public charging stations. Energy providers offer off-peak rates (typically overnight) that are significantly lower than daytime rates.

With a home charger, you can plug in before bed and wake up to a fully charged car that's cost you a fraction of what you'd pay elsewhere. Even if you charge during the day, home charging remains substantially cheaper than public options.

Better yet, some providers offer dedicated EV tariffs that could save you even more compared to your current energy deal.

Comfort and convenience

Having a home charger means you're not competing for spots at public charging points or arriving to find them out of order. You're in complete control.

Many chargers let you monitor and manage charging through their smartphone app, while apps like Optiwatt can help you automatically charge when rates are lowest. If you're new to EVs, this control helps alleviate any range anxiety.

Best of all? Plug in overnight and start every morning with a full charge, ready to go. 

It’s really as simple as charging your phone!

Affordable and straightforward installation

Installing an EV home charger is more accessible than many drivers think.

The average cost for a standard 7kW home charger installation in the UK is around £1,110, though this can be reduced to approximately £760 if you qualify for available government grants.

Most installations take just two to three hours and are handled by qualified electricians who will assess your property, mount the charger, and ensure everything's properly certified.

While there's an upfront cost, home charging typically pays for itself within one to two years through significantly lower charging costs compared to public networks – and helps you avoid the "pavement tax" markup that comes with relying on public charging points.

Increase your property value

Installing an EV home charger could increase the value of your property.

Research from the National Association of Property Buyers suggests a charger could add as much as £5,000 to a home's value, though this depends on various factors including location, charger age, and market conditions.

With the 2030 ban on the sale of new petrol and diesel vehicles approaching, the ability to charge an EV at home will become a key consideration in house-buying decisions. At minimum, having a charger already installed broadens your pool of potential buyers and could make your property easier to sell.

The bottom line

Charging your electric vehicle at home is one of the smartest decisions you can make as an EV driver. It saves you money, saves you time, and gives you complete control over when and how you charge.

Whether you're cutting costs with off-peak energy rates, avoiding the pavement tax, or adding value to your property, home charging delivers benefits that go far beyond convenience.

Ready to make the switch? 

Installing a home charger is straightforward, affordable, and could be one of the best investments you make for your EV journey.