{"id":10219,"date":"2022-12-08T23:41:23","date_gmt":"2022-12-08T23:41:23","guid":{"rendered":"https:\/\/www.solar.com\/learn\/?p=10219"},"modified":"2023-02-08T20:06:45","modified_gmt":"2023-02-08T20:06:45","slug":"hyundai-ioniq-5-charging-costs-solar-versus-utility","status":"publish","type":"post","link":"https:\/\/www.solar.com\/learn\/hyundai-ioniq-5-charging-costs-solar-versus-utility\/","title":{"rendered":"Hyundai IONIQ 5 Charging Costs: Solar Versus Utility"},"content":{"rendered":"

With awards for safety, design, and performance, the Hyundai IONIQ 5 is perhaps the hottest electric vehicle (EV) on the market and will likely attract a new wave of EV drivers in 2023. But one thing to consider before buying any EV is how and where you\u2019re going to charge it. In this article, we\u2019ll explore the cost of charging a Hyundai IONIQ 5 on grid versus solar electricity.<\/p>\n

Let\u2019s get started with a quick estimate of how many kWh of electricity it takes to charge an IONIQ 5.<\/p>\n

How many kWh to charge a Hyundai IONIQ 5?<\/h2>\n

The 2022 IONIQ 5 has a battery capacity of 77.4 kWh and a range of 300 miles, according to Hyundai\u2019s product guide<\/a>.<\/p>\n

For the health of the battery, it\u2019s recommended to keep a minimum charge of 10% at all times. So, it takes around 70 kWh of electricity to \u201cfully charge\u201d an IONIQ 5.<\/strong><\/p>\n

According to Hyundai, you can expect a 10% to 100% charge to take around 6 hours and 45 minutes with a standard 240V Level II charger<\/a> \u2013 the kind most EV owners install at their home.<\/p>\n

How many kWh per day to charge an IONIQ5?<\/h3>\n

Theoretically, you could commute 270 miles a day and have plenty of time to fully charge at home each night. But the average American drives just 37 miles a day<\/a>, so let\u2019s see how much electricity it takes to charge an IONIQ 5 with an average commute.<\/p>\n

According to the US Department of Energy, the long range 2022 IONIQ 5 has a fuel economy<\/a> rating of 30 kWh\/100 miles \u2013 the equivalent of 114 miles per gallon. This rating is on par with the Tesla Model 3<\/a>.<\/p>\n

Charging an IONIQ 5 requires 11.1 kWh of electricity to travel 37 miles per day, and around 333 kWh per month.<\/strong><\/p>\n

Now that we know about how much electricity you need, the next question is where should you charge your IONIQ 5?<\/p>\n

The cost of charging a Hyundai IONIQ 5<\/h2>\n

To figure out the cost of charging an IONIQ5, first we need to figure out where you are charging it. There are three main options for charging an EV.<\/p>\n

    \n
  1. At home on grid electricity<\/li>\n
  2. At home on solar electricity<\/li>\n
  3. At a public charging station<\/li>\n<\/ol>\n

    Obviously, if you\u2019re cruising cross-country, you\u2019re going to rely on public charging stations. But for day-to-day driving, there are benefits to charging at home \u2013 most notably lower charging costs.<\/p>\n

    Public charging typically costs between 20 and 60 cents per kWh and can vary widely depending on the time, location, and type of charger. The rate for home charging is usually much lower but can also vary depending on your utility rate and the cost per kWh of your solar system.<\/p>\n

    Here\u2019s a breakdown of cost of charging a Hyundai IONIQ 5 on grid, solar, and public chargers:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
    Charging method<\/strong><\/td>\nCost per kWh<\/strong><\/td>\nCost per full charge (70 kWh)<\/strong><\/td>\nCost per month (333 kWh) *<\/strong><\/td>\nCost per year (4,051 kWh) *<\/strong><\/td>\n<\/tr>\n
    Solar panels<\/strong><\/td>\n7 cents**<\/td>\n$4.90<\/td>\n$23.31<\/td>\n$283.57<\/td>\n<\/tr>\n
    Grid electricity (US average)<\/strong><\/td>\n16.7 cents<\/td>\n$11.69<\/td>\n$55.61<\/td>\n$676.52<\/td>\n<\/tr>\n
    Chicago<\/strong><\/td>\n18.8 cents<\/td>\n$13.16<\/td>\n$62.60<\/td>\n$761.59<\/td>\n<\/tr>\n
    Los Angeles<\/strong><\/td>\n24.4 cents<\/td>\n$17.08<\/td>\n$81.25<\/td>\n$988.44<\/td>\n<\/tr>\n
    New York City<\/strong><\/td>\n24.5 cents<\/td>\n$17.15<\/td>\n$81.59<\/td>\n$992.50<\/td>\n<\/tr>\n
    Public charging<\/strong><\/td>\n40 cents<\/a><\/td>\n$28<\/td>\n$133.20<\/td>\n$1,620.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    *Figures based on the average American driver traveling 37 miles per day. **Average cost per kWh of solar panels purchased through solar.com. Grid electricity prices for September 2022 electricity prices per <\/em>BLS<\/em><\/a>.<\/em><\/p>\n

    Home charging an IONIQ 5 on solar electricity is the cheapest option by a long shot at nearly $400 cheaper per year than charging at the national average price for grid electricity. In major metro areas like Los Angeles and New York City, that savings increases to over $700 per year.<\/p>\n

    That\u2019s a good chunk of change for one year and it really<\/em> adds up over time.<\/p>\n

    IONIQ 5 home charging: Grid vs solar<\/h2>\n

    Charging an IONIQ 5 at home is clearly cheaper and more convenient than using public chargers. But it gets even cheaper (not to mention cleaner) when you have a home solar system.<\/p>\n

    As we found above, IONIQ 5 owners can save $400 to $700 in the first year <\/em>of charging on solar instead of grid. And those savings increase each year as the price of grid electricity climbs \u2013 typically by around 3.5% per year<\/a>.<\/p>\n

    Here\u2019s how that looks over the 25-year warranted life of a solar system.<\/p>\n

    \"Hyundai<\/p>\n

    The average American could save over $18,000 by charging on home solar over 25 years. In Los Angeles, where EV adoption is much higher, homeowners stand to save over $30,000 by charging on home solar instead of grid electricity.<\/p>\n

    Now, you may not own your IONIQ 5 for 25 years but designing a solar system to offset EV charging in general is an investment with a clear payoff.<\/p>\n

    How many solar panels to charge a Hyundai IONIQ 5?<\/h2>\n

    For the average driver traveling 37 miles per day, it takes 6-10 solar panels to charge a Hyundai IONIQ 5 entirely on solar electricity<\/strong> \u2013 or at least to offset the grid electricity you use to charge it.<\/p>\n

    The exact number of panels you need depends on how much you drive, how much sun you get, and the type of panel you install. Let\u2019s run through an example scenario based on an average American driver.<\/p>\n

    Depending on where you live, the number of peak sun hours can average between 4 and 6 hours a day. We\u2019ll split the difference and say 5 hours.<\/p>\n

    11.1 kWh per day \/ 5 hours of sun per day = 2.22 kW of production per hour<\/strong><\/span><\/p>\n

    Let\u2019s divide that by 78 percent to account for the slight loss while converting from DC to AC electricity.<\/p>\n

    2.22 kW \/ .78 = 2.846 kW<\/strong><\/span><\/p>\n

    So, you\u2019d need 2.846 kilowatts or 2,846 Watts of solar capacity to charge your IONIQ 5. Today, the most popular solar panels<\/a> are rated for 400W.<\/p>\n

    2,846 W \/ 400W = 7.11 solar panels<\/strong><\/span><\/p>\n

    We\u2019ll round down to say it takes seven 400W solar panels for the average American driver to charge an IONIQ 5.<\/p>\n

    Of course, the exact amount will vary depending on how much sun your house gets and the power rating of your solar panels. The table below shows how many panels you need to charge a Hyundai IONIQ 5 for some common sun and panel combinations.<\/p>\n\n\n\n\n\n\n\n\n\n
    Peak sun hours<\/strong><\/td>\nSolar panel power rating<\/strong><\/td>\nNumber of panels to charge a Hyundai IONIQ 5*<\/strong><\/td>\n<\/tr>\n
    4<\/td>\n350W<\/td>\n10<\/td>\n<\/tr>\n
    4<\/td>\n400W<\/td>\n9<\/td>\n<\/tr>\n
    5<\/td>\n350W<\/td>\n8<\/td>\n<\/tr>\n
    5<\/td>\n400W<\/td>\n7<\/td>\n<\/tr>\n
    6<\/td>\n350W<\/td>\n7<\/td>\n<\/tr>\n
    6<\/td>\n400W<\/td>\n6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    *2022 Hyundai IONIQ 5 with 77.4 kWh battery with a 300-mile range driving 37 miles per day. Number of panels rounded to nearest whole number.<\/em><\/p>\n

    Now that we know how many solar panels it takes to charge an IONIQ 5, let\u2019s see how much each panel costs.<\/p>\n

    How much does it cost to add panels to charge an EV?<\/h3>\n

    There\u2019s two ways to measure the cost of solar panels<\/a>: Price Per Watt (PPW) and cost per kilowatt hour.<\/p>\n

    Today, a home solar system typically costs between $3-5 per Watt and around 6-8 cents per kilowatt hour.<\/p>\n

    At just over $4 per Watt, it would cost $11,500 to add seven 400W solar panels before <\/em>applying the 30% federal solar tax credit<\/a>. After claiming the tax credit, the net cost comes down to $8,050 and gives us a rate around 7 cents per kilowatt hour over the system’s 25-year life.<\/p>\n

    Pay yourself back by charging your IONIQ 5 on solar<\/h2>\n

    Home solar is the cheapest, cleanest, and most convenient way to charge a Hyundai IONIQ 5<\/a>, or even EV, for that matter.<\/p>\n

    By going solar, you freeze your electricity rate at a super low price \u2013 usually in the ballpark of 7 cents per kilowatt hour \u2013 and shield yourself from ever-rising grid electricity costs.<\/p>\n

    Over time, charging with solar adds up to huge energy savings and ensures that your EV is running on clean, renewable energy.<\/p>\n

    Connect with an Energy Advisor to see how much you could save by charging with solar.<\/a><\/p>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    With awards for safety, design, and performance, the Hyundai IONIQ 5 is perhaps the hottest electric vehicle (EV) on the market and will likely attract a new wave of EV…<\/p>\n","protected":false},"author":51,"featured_media":10221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[3,74],"tags":[],"yoast_head":"\nHyundai IONIQ 5 Charging Costs: Solar Versus Utility | Solar.com<\/title>\n<meta name=\"description\" content=\"Breaking down the cost of charging a Hyundai IONIQ 5 on solar vs grid electricity and how to calculate how many solar panels it takes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solar.com\/learn\/hyundai-ioniq-5-charging-costs-solar-versus-utility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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Wigness","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.solar.com\/learn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a95944d778e3e439d9f107c3c2188f9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a95944d778e3e439d9f107c3c2188f9?s=96&d=mm&r=g","caption":"Sam Wigness"},"description":"Sam started working in solar as a commercial installer in 2011 and has been creating content in the renewable energy, home improvement, and mortgage spaces for over a decade. He's been published by the Associated Press, Yahoo! Finance, MarketWatch, Home.com, Emeraldology.com and many other digital and print outlets. He's also been cited as a solar expert in The Mortage Reports Sam has a BA in Communication with an Emphasis in Journalism from the University of North Dakota and was named 425 Magazine's \"Top 30 Under 30 Professionals\" in 2020 while running an sustainable e-commerce startup. Based just outside of Seattle, WA, his 4.5 kW solar system provides enough power for his wife, daughter, and dog -- for now.","sameAs":["https:\/\/www.linkedin.com\/in\/samuel-wigness\/","https:\/\/twitter.com\/SamuelWigness"],"url":"https:\/\/www.solar.com\/learn\/author\/swigness\/"}]}},"_links":{"self":[{"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/posts\/10219"}],"collection":[{"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/comments?post=10219"}],"version-history":[{"count":9,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/posts\/10219\/revisions"}],"predecessor-version":[{"id":10520,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/posts\/10219\/revisions\/10520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/media\/10221"}],"wp:attachment":[{"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/media?parent=10219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/categories?post=10219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solar.com\/learn\/wp-json\/wp\/v2\/tags?post=10219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}