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FPL EV Charging Cost Calculator (Residential Time of Use (RTR-1))

What charging an EV costs on FPL's residential time-of-use rate in Florida, and the 7-year cost of an electric car against a gas one.

Updated · By Niraj Kumar · 6 sources

The cars

$

Standard RWD starting price. Replace it with your quote.

$

Hybrid LE FWD, 44 mpg combined.

Where and how you charge

%
0%100%

The rest is public fast charging. Most owners with a driveway charge 80-90% at home.

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0%100%

FPL Residential Time of Use (RTR-1): 9.0¢ a kWh, outside the weekday afternoon and evening peak. The rest is priced at the state average.

¢/kWh

Blend of Residential Time of Use (RTR-1)'s off-peak and the state average. Enter the all-in rate from your bill to override.

¢/kWh

Driving

years
1 yr10 yrs
$per gallon

Florida average for regular (AAA).

Fine-tune

%
0%10%
%
0%10%
%
0%8%

About 2% is typical; the loss slows after that. Hot climates and frequent fast charging push it up.

$

The federal credit ended for cars bought after 30 September 2025.

$

Set to 0 if you already have one or will use a standard outlet.

$
$

Assumed full coverage; replace both with quotes.

How you payHow you pay
Over 7 yearsGas saves $5,975The EV does not catch up within 7 years

The Tesla Model Y costs 4.7¢ a mile to charge, against 9.6¢ a mile in gas for the Toyota RAV4. Your charging plan saves about $141 a year against the Florida average rate.

Tesla Model Y, total cost
$55,996
66.7¢ a mile, all in
Toyota RAV4, total cost
$50,021
59.5¢ a mile, all in
EV price premium repaid
Not in 7 yrs
from running savings, before resale
Battery at the end
92%
about 296 of 321 miles of range
CO₂ avoided
8.5 tonnes
at the US grid average
Cost of ownership if sold at the end of each yearTesla Model YToyota RAV4
$0$20 K$40 K$60 K$56 K$50.02 K1234567
Cash saved by choosing the EV, before resaleStill to recoverAhead
$-12.5 K$-10 K$-7.5 K$-5 K$-2.5 K$001234567
Where the money goes over 7 years
CostTesla Model YToyota RAV4
Purchase less resale$29,885$18,815
Charging or gas$4,271$8,597
Maintenance$5,040$7,560
Insurance$16,800$15,050
Total$55,996$50,021
Year-by-year costs and battery healthShow
YearChargingGasBatteryRangeEV cost to dateGas car cost to date
1$560$1,15698%313 mi$16,769$11,398
2$577$1,17996%310 mi$25,265$18,678
3$594$1,20395%306 mi$32,578$25,345
4$610$1,22795%304 mi$39,107$31,716
5$626$1,25294%301 mi$44,853$37,792
6$643$1,27793%298 mi$50,616$43,894
7$661$1,30292%296 mi$55,996$50,021

How the FPL EV Charging Cost Calculator (Residential Time of Use (RTR-1)) works

TCO = Price × (1 + tax) − rebates + charger + Σ₍y₎ [energy₍y₎ + maintenance + insurance + fees] + interest − resale₍N₎

This page uses the same method as the EV vs Gas Total Cost of Ownership Calculator, which explains each term and assumption in full.

Worked example

A Tesla Model Y Standard RWD ($39,990) against a Toyota RAV4 Hybrid LE FWD ($31,900) in Florida on FPL Residential Time of Use (RTR-1), driven 12,000 miles a year for 7 years, paid in cash, charging 80% at home.

  1. 1Home electricity costs about 9.6¢ a kWh, mostly in FPL's outside the weekday afternoon and evening peak window; with 20% fast charging at 48.0¢ the blend is 17.3¢
  2. 2At 27 kWh/100 mi the Tesla Model Y costs 4.7¢ a mile; at 44 mpg and $4.24 a gallon the Toyota RAV4 costs 9.6¢ a mile
  3. 3Buying costs $44,281 for the EV with tax and a home charger, against $34,127
  4. 4After 7 years the battery keeps about 92% of its capacity, and the cars would sell for about $14,396 and $15,312

Over 7 years the Tesla Model Y costs $55,996 to own and the Toyota RAV4 $50,021, so the gas car comes out $5,975 cheaper at these assumptions.

Frequently asked questions

How much does it cost to charge an EV on FPL Residential Time of Use (RTR-1)?

About 9.0¢ a kWh in the outside the weekday afternoon and evening peak window. Charging 90% of the time off-peak works out to about 9.6¢ a kWh, or 2.6¢ a mile for an EV using 27 kWh per 100 miles, against 4.1¢ at the state's average rate. Check the current tariff on your bill, as rates change during the year.

What is FPL EVolution Home?

An FPL program that installs a Level 2 charger at home for a flat monthly fee, about $27 to $36 a month, and schedules it to charge at off-peak times. If you use it, set the calculator's charger cost to zero and add the fee to your own running-cost comparison.

What does a year of EV charging cost on FPL Residential Time of Use (RTR-1)?

A Tesla Model Y driven 12,000 miles a year, charged 80% at home with most of it in the outside the weekday afternoon and evening peak window, costs about $560 a year in electricity, blending 9.6¢ a kWh at home with fast charging. At Florida's average residential rate of 15.0¢ it would be about $701. The same miles in a Toyota RAV4 cost about $1,156 in gas.

Sources

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