Owning an electric vehicle (EV) and a solar system is a smart move in Utah. Rocky Mountain Power offers a special Time-of-Use (ToU) rate for EV owners that can help you save on utility bills. Qualifying customers can also receive an incentive of up to $200 for installing a stage 2 (220 Volt) charger in their home. The great thing about EVs is that they are very cheap to operate. Between your rooftop solar and your EV, the savings can really add up!
Two Time-of-Use rate plans for EVs offered by Rocky Mountain Power
You must own an EV or a plug-in hybrid to be eligible for these ToU rates. If you sign up for either of these plans and remain enrolled for one year, you’ll be eligible to earn a $200 incentive from Rocky Mountain Power. That’s in addition to the up to $200 incentive you can earn by installing stage 2 charger.
With a ToU plan, when you use electricity determines how much per kilowatt-hour you’ll pay for that electricity. To save money on a ToU plan, you’ll want to shift as much of your electrical usage as possible to off-peak hours. Another thing to remember about these plans is that the amount you pay per kilowatt-hour for electricity will also vary by season. As of the time of writing, we are in the season of Spring so users will want to charge their car after 8 PM on weekdays under either rate plan.
Rate Option #1
This plan has a higher off-peak rate but a much lower on-peak rate than Rate Option #2. Thus, this plan is better for people who can’t move much of their on-peak electrical usage to off-peak hours.
Summer
Off-peak – 8 PM to 3 PM – 7 cents per kilowatt-hour
On-peak – 3 PM to 8 PM – 22 cents per kilowatt-hour
Weekends and holidays – 7 cents per kilowatt-hour at all times
Winter
Off-peak – 8 PM to 8 AM – 7 cents per kilowatt-hour
On-peak – 3 PM to 8 PM – 22 cents per kilowatt-hour
8 AM to 10 AM – 22 cents per kilowatt-hour
Weekends and holidays – 7 cents per kilowatt-hour at all times
Rate Option #2
This option has a much higher peak rate than option #1. But it has lower off-peak rates. Thus, if you can move much of your electrical usage to off-peak hours, then you may be able to save under this plan.
Summer
Off-peak – 8 PM to 3 PM – 3 cents per kilowatt-hour
On-peak – 3 PM to 8 PM – 34 cents per kilowatt-hour
Weekends and holidays – 3 cents per kilowatt-hour at all times
Winter
Off-peak – 8 PM to 8 AM – 3 cents per kilowatt-hour
On-peak – 3 PM to 8 PM – 34 cents per kilowatt-hour
8 AM to 10 AM – 34 cents per kilowatt-hour
Weekends and holidays – 3 cents per kilowatt-hour at all times
Freedom Forever is ready to help you go solar in Utah
As you can see, it makes sense to go solar and drive an EV or plug-in hybrid in Utah. Going solar with an EV or plug-in hybrid can enable you to save on both utility bills and at the gas pump. Freedom Forever can help you go solar with confidence thanks to our 25-year production guarantee.
Freedom Forever guarantees that the solar system will produce the electricity promised with our 25-Year Production Guarantee. We will even pay you for any shortfall from our fault. However, your actual savings will depend on your usage and electricity rates in your area. You should carefully consider if the usage and rates shown in your proposal are appropriate.
What we do if there is a problem. We monitor your system for 25 years. If we detect that its performance is falling short, we’ll contact you and send someone out to fix it. If the shortfall is caused by something that is our fault, we will compensate you for the shortfall. The amount of compensation you receive will be listed in your contract with us.