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How to Save Money With Smart EV Charging

Embrace the future of EV charging! Explore how smart EV charging can save you money and optimize energy use for multi-unit residential buildings or businesses.

Shai Sinai

AUTHOR
Shai Sinai

PUBLISHED AT
Sep 05, 2024

How to Save Money With Smart EV Charging

Traditional EV chargers simply deliver a constant flow of electricity, but what if you could get more efficient about powering your EV? Smart EV charging solutions can save you money and transform your EV charger experience. This article dives into the world of smart charging for electric vehicles, exploring its features, benefits, and how it can put you back in control of your energy consumption.

What is Smart EV Charging?

Unlike traditional EV chargers that deliver a constant flow of electricity, smart EV charging solutions incorporate intelligence into the process. These innovative systems bridge the gap between EVs and your energy management system or the utility grid, unlocking a world of benefits.

Smart EV Charging Features

Smart charging for electric vehicles allows you to use features like dynamic load management, which automatically adjusts charging rates based on your real-time energy usage, preventing overload on your building or home's electrical system. Another benefit is the ability to schedule charging for off-peak hours when electricity rates are lower, potentially leading to significant cost savings.

In some areas, off-peak charging rates can be up to 50% lower, translating to real savings on your electricity bill. Furthermore, smart EV charging often allows for remote monitoring, enabling you to keep an eye on your charging status, receive notifications when charging is complete, and even troubleshoot any potential issues – all from the convenience of your smartphone.

Understanding Different EV Charger Types

How Smart EV Charging Saves Money

Here’s how you can save money and maximize savings on your electricity bill with smart EV charging:

  • Take advantage of off-peak rates: Electricity prices often fluctuate throughout the day, with lower rates during off-peak hours when demand is low. Smart charging for electric vehicles will allow you to schedule charging to occur at night or during these off-peak periods, maximizing your savings.
  • Smart beyond scheduling: Smart chargers with dynamic load management capabilities can adjust charging rates based on your real-time energy usage. This prevents overloading and potentially avoids expensive service upgrades for your electrical system. This can be an especially useful feature for buildings with multiple cars charging at the same time.
  • Optimize for solar integration (if applicable): If you have solar panels, smart EV charging solutions can become even more advantageous. These systems can seamlessly integrate with your solar energy generation, allowing you to power your EV with clean, sustainable energy produced at a home or building. (Vehicle-to-Grid, V2G – a technology that enables EVs to send excess solar energy back to the power grid). This not only reduces your reliance on the traditional grid but also potentially eliminates electricity bills associated with charging your EV.

How to Pick the Right Smart EV Charger

To select the ideal smart EV charger, consider several key factors. First, assess your location, whether it's a multi-unit residential building or a commercial space and consult a qualified EV specialist to determine the maximum amperage your electrical system can handle. This is crucial because it will influence the charging speed your chosen charger can deliver.

Next, consider your EV's charging capabilities. Different EVs have varying maximum charging rates. Ensure the charger's output matches or exceeds your vehicle's capabilities for optimal performance. Think about your charging habits. Are the chargers being used overnight during off-peak hours? If so, a charger with scheduling functionality might be ideal. Finally, explore the various smart features offered by different models. Do you prioritize remote monitoring capabilities or integration with your energy system?

By considering these factors, you can make an informed choice that aligns with your vehicle and charging needs.

What is The Best EV Charging Solution for Your Condo Building

How to Charge Your EV Faster

How EV Charging Stations Actually Work

The future of EV charging is undoubtedly smart. By incorporating intelligence into the process, you can optimize energy usage, save money on electricity bills, and contribute to a greener future. Smart EV charging solutions are no longer a futuristic concept – they're readily available and can be seamlessly integrated into your EV installation plans.

Get a Quote Today!

metroEV is your one-stop shop for all things smart charging. Our team can help you choose the perfect charger for your needs, handle installation, and ensure you're maximizing the benefits of EV smart charging. 

Contact MetroEV to get an EV charging quote.

Shai Sinai

AUTHOR
Shai Sinai

Shai is the VP of sales at metroEV specializing in EVCS installations. He has been involved in all aspects of the EVCS process from assessing a buildings infrastructure requirements through all facets of the installation. He has a wealth of knowledge and experience in the EV field.

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