How to Save Money With Smart EV Charging

Traditional EV chargers deliver a constant stream of electricity, with no regard for cost, usage patterns, or load limits. Smart EV charging gives you more control over when and how your EV charges—helping you save money, reduce load on your electrical system, and optimize energy use. Here’s what you need to know.

What is Smart EV Charging?

Smart EV charging solutions connect to the internet, your energy system, and your EV. They adjust charging based on real-time data—like your building’s power usage, electricity prices, or solar output.

Smart EV charging refers to chargers that are connected, automated, and responsive. These chargers communicate with your EV, your building’s electrical system, and sometimes even the utility grid.

They adjust charging based on:

• Real-time power consumption
• Time-of-use electricity rates
• Renewable energy availability (ex. Solar energy)
• User schedules and charging priorities

Smart EV Charging Features

1. Dynamic Load Management: Smart EV chargers automatically manage the power draw based on current load. This helps avoid tripped breakers and costly electrical upgrades, especially in condos and commercial buildings.
2. Off-Peak Charging: Schedule your EV to charge when electricity rates are lowest—often overnight. Smart EV charging systems make this easy and automated, helping reduce your monthly utility bill.
3. Remote Monitoring and Control: Control and monitor charging through a mobile app. See live charging status, track usage, and receive alerts.
4. Solar Integration: If you have solar panels, smart EV charging can prioritize solar energy. In some setups, it can even send excess energy back to the grid (Vehicle-to-Grid or V2G).

Learn more about EV chargers:

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 solutions:

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 EV charging allows you to schedule charging to occur at night or during these off-peak periods, maximizing your savings.

Smart beyond scheduling: Smart EV charging 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. Typically, load management is integrated with your EV charging management software.

Optimize for solar integration (if applicable): 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

1. Check your electrical capacity: Your panel's available amperage limits which charger you can install.
2. Match your EV’s charging rate: Get a charger that supports your EV’s max charging speed.
3. Prioritize smart EV charging features: Look for time-of-use scheduling, energy monitoring, remote access, and load management.
4. Plan for scale: If you're in a condo or commercial building, choose smart EV charging solutions that can support multiple vehicles and users efficiently.

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.

Smart EV Charging for Condos and Businesses

Smart EV charging is essential in shared environments such as condo buildings and commercial properties. Load balancing allows multiple chargers to run without overloading your system. It also makes it easier to add chargers in the future as more residents or tenants switch to electric vehicles.

Learn more:

Condo EV Charging Solutions

Commercial EV Charging Station Installations

Related articles:

Complete Guide to EV Charging Stations and How They Actually Work

How an EV Power Management Device Can Save Energy and Money

Get a Quote Today!

metroEV is a turnkey provider of smart EV charging solutions. We handle everything from site assessment and hardware selection to installation and maintenance.

We specialize in:

• Condos and multi-unit residential buildings
• Commercial and workplace charging
• Home EV charger installations

Our team handles it all, contact metroEV to book your free consultation and get started on your EV charging project.

Related articles:

What is The Best EV Charging Solution for Your Condo Building

Understanding The Different EV Chargers Types

How EV Charging Stations Actually Work