Level 2 EV Charger (240V) in Carmel — $1,423/yr to Run (11.0¢/kWh)
Your level 2 ev charger (240v) in Carmel costs about $119/month at 11.0¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Carmel, IN Electricity Rate
11.0¢/kWh
Utility: Indiana Michigan Power
-16% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$4.74
43.2 kWh/day
Monthly Cost
$118.58
1080 kWh/mo
Annual Cost
$1,423
12,960 kWh/yr
Lifetime (15yr)
$21,345
energy only
Monthly Cost Breakdown in Carmel
| Period | kWh | Carmel Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 43.2 | $4.74 | $5.62 | $-0.87 |
| Weekly | 302.4 | $33.20 | $39.31 | $-6.11 |
| Monthly | 1080.0 | $118.58 | $140.40 | $-21.82 |
| Quarterly | 3240.0 | $355.75 | $421.20 | $-65.45 |
| Annual | 12960.0 | $1423.01 | $1684.80 | $-261.79 |
Customize Your Level 2 EV Charger (240V) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Carmel.
Daily
$4.74
Monthly
$118.58
Annual
$1,423
15-Year
$21,345
Energy Saving Tips for Level 2 EV Charger (240V) in Carmel
- ✓Carmel has below-average electricity rates, but saving energy still reduces your carbon footprint.
- ✓A smart Level 2 EV Charger (240V) with scheduling optimization can save ~$285/year at Carmel rates.
- ✓Charge during off-peak hours
- ✓Set charging schedules
- ✓Use solar for daytime charging
Highest-Cost Appliances in Carmel, IN
See which appliances cost the most to run at Carmel's 11.0¢/kWh electricity rate.
Electric Furnace
HVAC · 10,000W
$988/yr
$82.35/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$721/yr
$60.12/mo
EV Charger (Level 2)
Garage · 7,200W
$712/yr
$59.29/mo
Boiler (Electric)
HVAC · 6,000W
$593/yr
$49.41/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$541/yr
$45.09/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$541/yr
$45.09/mo
Heat Pump
HVAC · 2,400W
$422/yr
$35.14/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$395/yr
$32.94/mo
Level 2 EV Charger (240V) Cost in Other Indiana Cities
| City | Rate | Annual Cost | vs Carmel |
|---|---|---|---|
| Carmel (current) | 11.0¢ | $1,423 | — |
| Indianapolis | 12.9¢ | $1,669 | +$246 |
| Fort Wayne | 13.3¢ | $1,728 | +$305 |
| Evansville | 14.4¢ | $1,865 | +$442 |
| South Bend | 15.0¢ | $1,939 | +$516 |
| Fishers | 12.4¢ | $1,606 | +$183 |
| Bloomington | 12.3¢ | $1,590 | +$167 |
| Hammond | 10.3¢ | $1,337 | $-86 |
| Lafayette | 12.7¢ | $1,650 | +$227 |
Level 2 EV Charger (240V) Energy Cost FAQ — Carmel, IN
Understanding Level 2 EV Charger (240V) Energy Costs in Carmel, IN
In the Carmel area, Indiana Michigan Power serves a smaller residential base, and rates can be more sensitive to seasonal demand swings than in larger metros. Running a high-draw appliance like the Level 2 EV Charger (240V) (7,200W) at Carmel's rate of 11.0¢/kWh costs approximately $1,423 per year — $262 less than the national average of $1,685.
Rates in Carmel are close to the national average, so the Level 2 EV Charger (240V)'s annual cost of $1,423 is broadly representative of what most US households pay. Over the 15-year expected lifespan, total energy cost reaches $21,345.
With a cost of living index of 105.2, Carmel is near the national median. The Level 2 EV Charger (240V)'s monthly cost of $118.58 represents a typical share of the average Carmel electric bill of $99/month. While no ENERGY STAR version is available, a smart Level 2 EV Charger (240V) with automated scheduling can reduce consumption by 20%, saving $285/year.
Carmel's moderate climate (avg 55°F) helps keep seasonal energy cost swings manageable for most appliances. A Level 2 EV Charger (240V) produces approximately 9.2 tons of CO2 annually at typical usage. Carmel residents can reduce this footprint by optimizing usage patterns, or investing in solar — see our solar savings calculator for Carmel.
Compare All Energy Costs in Carmel
See energy costs for 168+ household appliances at Carmel's local electricity rate.