Powering Your Home + Vehicle

In the thriving Orlando solar market, Castaways Energy stands out by facilitating electric vehicle (EV) ownership with the swift installation of Electric Vehicle chargers. Enjoy the convenience of faster home or business charging, enhancing your EV experience. When paired with our solar electric systems, your EV harnesses sustainable energy from the sun, making your transportation choice even more environmentally friendly.

What are the EV Tax Incentives?2024-03-15T00:13:29-05:00
Federal Investment Tax Credit

Electric Vehicle Chargers do will qualify for ITC credits when combined with a home residential solar system or storage installation. Make sure to include all your energy efficiency upgrades as part of your Mirasol Solar contract to receive the greatest value.

Local Utility Incentives

Florida does not have a statewide program to provide incentives for installing a home charging station, but some of the state’s utility companies offer incentives. The Kissimmee Utility Authority offers rebates of $100 for the purchase and installation of a home EV charging station. The Jacksonville Electric Authority offers customers with residential Level 2 EV charging stations an incentive of up to $7 per month to encourage charging during off-peak hours. Florida residents should also check with their local electric utility companies for any additional credits or incentives.

Manufacturers Discounts

For vehicles placed in service on or after April 18, 2023, the credit amount will depend on the vehicle meeting the critical minerals requirement ($3,750) and/or the battery components requirement ($3,750). A vehicle meeting neither requirement will not be eligible for a credit, a vehicle meeting only one requirement may be eligible for a $3,750 credit, and a vehicle meeting both requirements may be eligible forthe full $7,500 credit.

For vehicles placed in service before or on April 17, 2023, the credit is calculated as a $2,500 base amount plus, for a vehicle which draws propulsion energy from a battery with at least 7 kilowatt hours of capacity, $417, plus an additional $417 for each kilowatt hour of battery capacity in excess of 5 kilowatt hours, up to an additional $5,000 beyond the base amount. In general, the minimum credit amount will be $3,751 ($2,500 + 3 * $417), representing the credit amount for a vehicle with the required minimum of 7 kilowatt hours of battery capacity. Learn more. 

The credit is nonrefundable, so you can’t get back more on the credit than you owe in taxes. You can’t apply any excess credit to future tax years. Learn more.

For vehicles purchased in 2022 or before, credit eligibility was determined under different criteria.

 

*Ask your representative about which incentive you’re eligible to receive. Please consult a tax advisor on your ability to claim these nonrefundable tax credits.

 

How fast is Level 3 charging?2024-03-15T00:11:15-05:00

Level 3 Chargers

The cream of the crop! These are the leading-edge of the charging technology.

Pros

  • The fastest charge times available. Approximately 80% of the range was achieved in 40 minutes.
  • In the future: Bi-directional energy flow – allows direct DC connection between EV battery and the home in case of power outage. Your EV helps keep your home powered!
  • Plug-in models can share an outlet with a range or dryer.

 Cons 

  • Typically only available commercially.
  • Extremely expensive.
  • Very new technology — early adopter status for buyers.
  • Currently, AJH (City regulation) is unfamiliar – it delays installers’ plan approvals. (This will improve as technology matures.)
How fast is Level 2 charging?2024-03-15T00:10:22-05:00

Level 2 Chargers

The charging time is reduced by more than 60% and allows owners to charge at the speed of a public charger conveniently at their own homes.

Pros

  • Quality chargers will fully charge an EV in 3 – 4 hours.
  • Plug-in models can share an outlet with a range or dryer
  • Most have mobile apps to monitor or configuration charging
  • Ownership yields a lower cost of charging versus public charging station
  • Peace of mind allowing EV owners to maintain full capacity for the most range

 Cons 

  • Increased energy demand on your home
  • Require a 240v electrical outlet or hardwired, plus a dedicated. dual-pole breaker
  • Expense for installation – Licensed electrician needed to install new outlet or hardwiring
  • If demand charges are in place, the higher current draw may increase energy costs
How fast is a Level 1 charger?2024-03-15T00:09:16-05:00

Level 1 (trickle) charging typically takes 15 hours to fully charge an EV. That means that owners may need to charge during peak usage times or feel compelled to ‘top off’ using public charging stations to avoid range anxiety — expensive alternatives! But what if you could get a Level 2 charger installed at no charge when we install solar for your home?

Level 1 Chargers

These typically come with your car and are able to be used with your home electric outlets.

Pros

  • Easily adaptable, use with a standard 110 outlet
  • Easy to transport to allow remote charging

Cons

  • Typical charging time for a full charge is 15 hours
  • Most basic charge system with no interface
  • No ability to select charge cycle to avoid top peak usage
Qmerit Certified Partner and Installer Badges | Castaways Energy EV Charging Installation

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