Most American homeowners will spend around $1,150 to $2,750 to purchase and install a 240-volt charging station. A good home charger costs $350 to $750 or so, while the typical installation runs between $800 and $2,000 according to Qmerit, a nationwide specialist in installing EV charging equipment.
However, some homeowners may be shocked to get a quote above $5,000, or possibly up to and even more than $10,000. This can be because older homes may have an outdated panel or the panel may not have room for a new 240-volt circuit.
We are happy to introduce you to our line of EV Charger Load Management products. When a homeowner wants to add a new EV Charger (or other load), to an existing main or sub-panel that is at max capacity, our load management products offer the customer a reliable and affordable solution, without having to pay thousands of dollars for a full panel upgrade.
Tracy Price, the CEO of Qmerit, estimates that 20 to 30 percent of home EV charger installations today require a panel upgrade or a load-management system.
