Electric Vehicles (EVs) save money in fuel and maintenance costs over the life of the car, but it can be challenging to cover the additional cost of a charger when purchasing your first EV. ComEd has recently launched a $5 million EV Charger and Installation Rebate Program, which allows qualifying participants to save between $2,500 and $3,750. Any Level 2 charger purchased by a ComEd customer on or after February 1, 2024 is eligible to apply for the rebate program. Compared to a wall outlet (which is a Level 1 charger), a Level 2 charger is able to fully charge an EV in 6-8 hours. Given that most people plug in overnight, Level 2 chargers work well for home use. If you have more than one electric vehicle, you don’t need a separate charger for each car. You can use the same charger for both, just not at the same time. When purchasing a charger, look for a UL certified model.
More information about ComEd’s new program, including the application for the rebate, can be found here.