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. The price charged by an electrician for this work varies largely based on four factors: the cost of labor where you live, the power of the charger, the distance between the electrical panel and the charging station, and the complexity of the job. This installation estimate also includes the price of permits.
Some homeowners may be shocked to get a quote above $5,000, or in extreme cases $10,000. There are a couple common reasons for these big estimates. An older home may have an outdated electrical panel, or the panel simply may not have room for a new 240-volt circuit. Upgrading to a larger breaker panel typically adds a couple thousand dollars to the job. Things get really expensive if the service wires feeding electricity to the house can't deliver enough amperage to accommodate a charger on top of your existing electrical load—especially if the lines are buried underground. Replacing these wires means getting your local utility involved, which also may stretch the project timeline by several months.
