Do Solar Panels and Electric Cars Work Together?

So do solar panels and electric cars go together? First of all, are you shopping for a new car? If you’re looking for one that makes the most financial sense go EV. I mean you really should definitely consider an electric car. With high and volatile gas prices, many car shoppers are exploring alternative fuel vehicles such as hybrid or electric cars.

Source: Energy Sage

On first blush, these cars may seem more expensive, but if you conduct a full “cost of ownership” analysis, the gap narrows considerably and electric cars may even come out ahead. What’s really amazing, though, is what happens to the cost of owning and operating an electric car when the electricity you use to fuel it is produced by a solar panel system installed at your home or business. When you add solar panels to the mix, the electric car becomes incredibly economical. Here’s how it works:

PV Solar Compared to Electric Cars: Leaf, Prius vs. Civic

Source: Energy Sage

To illustrate, we looked at three compact car options, comparing the costs of buying, maintaining and operating a traditional gasoline fueled car (e.g., Honda Civic), an electric car (e.g., Nissan Leaf or BMW i3) and a hybrid car (e.g., Toyota Prius). If you look only at purchase price, the gas-powered cars are the cheapest, while the electric cars are quite a bit more expensive. Once you factor in the $7,500 federal tax credit for electric cars, however, the difference narrows substantially.But purchase price can’t be your only financial consideration.

Over the course of your ownership, you will incur other costs. That’s such as fuel, maintenance, insurance, and other expenses. All related to running and maintaining your vehicle. We totaled up the costs for a 10 year period on an EV. SO this is what we found. This electric car is the cheapest to own and operate at about $48,500. All while the gasoline powered car is the most expensive to own and operate at about $63,500.

In conclusion, that’s a $15,000 difference in favor of the electric car.
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Published by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

One thought on “Do Solar Panels and Electric Cars Work Together?

  1. Cool article – it definitely shows the benefit of solar power. When properly installed in a home, it can significantly reduce energy costs in the home, and as you’ve shown here, the savings can go even further! Thanks for this great information!

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