Home charging station: costs & subsidies

As the proud owner of an electric car, you naturally want the option to easily charge your vehicle. A home charging station can be a great solution for this, but what exactly are the costs of such a home charging station and are there any possibilities for subsidies? In this article, we dive into the details.

What does a charging station at home cost?

Prices of home charging stations typically range between €500 and €2,500, depending on various factors such as the type of charging station, installation costs and distance from the meter box. If you are considering purchasing a charging station for your business, there are often favourable subsidies available, which can reduce costs. It is important to remember that in addition to the purchase and installation costs, you will also face variable costs for electricity. On average, electric car charging at home costs about 3.5 cents per kilometre, which is considerably cheaper than the 12 cents per kilometre for petrol cars.

Grant opportunities

Unfortunately, there are no national subsidies available at the national level for individuals who want to install a charging station at home. If a charging station is purchased in your name and intended for home use, subsidies are not usually available. However, some municipalities do offer the option to apply for a public charging station to be installed near your home, saving you the hassle of walking far. Consult your municipality for more information on these local initiatives.

Subsidy for a charging station at work

Subsidy for a charging station at companies does belong to possibilities. If you are considering installing one or more charging stations at your business premises, you can have a charging station installed as a business owner. You can justify this as an investment for your business, so you may be eligible for subsidies. Here are some of the options available:

• Environmental Investment Allowance (MIA): This applies to companies liable to corporate or income tax and can deduct a percentage of the total investment from taxable profit. However, the conditions are strict and since 2022 it only applies to smart charging points that are permanently connected to the internet. The maximum deductible amount is €2,500. Consult the RFO website for details.
• Small-scale investment deduction (KIA): Although the purchase of an electric car does not qualify, the KIA scheme does apply to solar panels and charging stations. This can result in an investment deduction of 28% of the purchase value in the first year, provided the investment exceeds €2401. More information is available on the tax authorities’ website.

While there are no direct subsidies available for home charging stations for individuals, there are several options for businesses to reduce costs. It is always wise to consult local regulations and seek advice from a specialist to understand the options available for your specific situation.