The cost to charge a plug-in electric vehicle is less expensive than filling up at the pump. Customers on Tampa Electric's standard residential rate can save about $1,300 per year.
Residential customers taking service under the company's standard residential rate will pay 9.706 cents per kilowatt-hour (kWh) to charge an electric vehicle. With the standard rate, you will pay the same price per kWh regardless of what time of day you charge.
If you're looking for additional savings, you might consider Tampa Electric's Energy Planner program. Energy Planner offers lower pricing throughout the day that can save you money. That's not all. With Energy Planner, you can take advantage of lower rates to run all the appliances and lights in your home. The program is free and available to customers living in a single-family home.
| How does Energy Planner work? | [+] |
This table and the bar chart below show the annual costs to fuel a traditional gasoline-fueled vehicle versus a plug-in electric vehicle.
| Gasoline Vehicle |
Electric Vehicle1 Standard Rate |
Electric Vehicle1 Energy Planner Low Pricing Level |
| $3.75 per gallon 27.5 miles per gallon 13.636¢ per mile |
9.706¢ per kWh2 3.333 miles per kWh 2.912¢ per mile |
8.683¢ per kWh3 3.333 miles per kWh 2.605¢ per mile |
| Cost per year2 $1,636 |
Cost per year2 $349 |
Cost per year2 $313 |
| $1,700 |
|
||||||||||||||||||||||||||||||||||||||||
| $1,500 | |||||||||||||||||||||||||||||||||||||||||
| $1,300 | |||||||||||||||||||||||||||||||||||||||||
| $1,100 | |||||||||||||||||||||||||||||||||||||||||
| $900 | |||||||||||||||||||||||||||||||||||||||||
| $700 | |||||||||||||||||||||||||||||||||||||||||
| $500 | |||||||||||||||||||||||||||||||||||||||||
| $300 | |||||||||||||||||||||||||||||||||||||||||
| $100 | |||||||||||||||||||||||||||||||||||||||||
| 0 | |||||||||||||||||||||||||||||||||||||||||
Federal tax incentives tend to change from year to year. The U.S. Department of Energy website provides a list of incentives for electric vehicles and incentives for charging equipment. There are no monetary incentives available through the state of Florida.
