Maximise Savings – Combining Solar Panels and EV Charging

The cost of electric vehicles (EVs) continues to decrease while their range continues to increase. With this, more and more homeowners are making the switch to driving on electricity. However, fueling with an EV charging  station can still be a significant expense for many, especially when not all have access to the workplace, residential or public EV charging in Singapore.

One solution to this problem is to install solar panels on your property and use the electricity they generate to charge your EV. Not only does this reduce the cost of fueling your EV, but it also allows you to take advantage of net metering, in which you can sell any excess electricity your solar panels generate back to the grid. So how do you effectively maximise both? Here are some tips for maximising your savings when combining solar panels and EV charging:

Size Up Your Solar Panel

Sizing your solar panel system appropriately is crucial to maximising your savings when combining solar panels and EV charging. When you choose a solar panel in Singapore for HDB, ensure your solar panel system is large enough to generate enough electricity to power your home and your EV. To determine the appropriate size of your solar panel system, you’ll need to calculate your energy usage.

Have A Battery Backup System

A battery backup system, also known as an energy storage system, can be an excellent option for property owners who want to maximise their savings when combining solar panels and EV charging. It can store excess electricity generated by your solar panels during the day and use it to charge your EV at night when electricity rates are typically higher. When you have a battery backup system, you don’t necessarily have to go your way through a nearby EV charging station.

Track Energy Usage

It might sound obvious. However, many tend to overlook the importance of monitoring your electricity usage. Keep track of your energy usage and monitor how much electricity you consume to power your home and charge your EV. It will help you understand how your solar panel system is performing and make any necessary adjustments. Failing to track your energy usage can cause an imbalance in usage that will likely lead to higher energy consumption.

Do Regular Maintenance

Regularly maintain and clean your solar panel for HDB and EV charger to ensure lasting use and operating at their best. It is a basic yet effective approach to extend the life of your equipment and ensure that you’re getting the most out of your investment.

If you want to learn more about EV charging stations and reducing aircon power consumption, visit the myTengah website for more info.