Sanity check on paid Grizzle EV charger.
In QC you can get $ 600 rebate for EV charger (from an approved list). Grizzle chargers are in that list.
I know that you can get free charger from Grizzle, but I wanted to buy it and get back 3/4 of its cost back via rebate.
My though process:
1). If Club cease to exists within next 3 years, I still own the charger. No need to send it back or buy out.
2). I can skip first two tiers and start from 5 cents/kWh. Having PHEV it will take me a while to reach that level if I have to start with free charger and 3 cents/kWh tier.
3). I want to hardwire the charger. Doing so to a “rental” charger feels counter-intuitive for me.
Math behind:
EV Charger: $ 649.99 + tx – $ 600 (rebate) = $ 147.33 (my initial cost, let’s round it to $ 150)
PHEV battery capacity ~20kW. So, one full charge will earn me 20 * 0.05 = $ 1
Potentially I can break even after 150 days. And if we bake-in “income tax” on those earning, let it be 200 days.
So after 7 months I will own the charger and start regular earnings.
Does it make sense?