Potential Economic Benefits
With the right setup, bidirectional charging can lower your electric bills or even earn you money.
Key Opportunities
- Peak Shaving: Power your home during expensive peak hours and recharge during cheaper off-peak times.
- Energy Arbitrage: Buy low-cost electricity and sell it back to the grid at higher prices (if your utility allows).
- Backup Power Savings: Avoid buying a separate home battery or generator by using your EV for emergency power.
- Utility Incentives: Some utilities pay EV owners for providing stored energy during demand response events.
Important Considerations
- Not all U.S. utilities allow selling energy back to the grid.
- Programs may require special equipment and contracts.
- Frequent cycling for profit can slightly increase battery wear.