Session Information

Saved 9/16/2020 1:02:42 AM

Address 551 E Tyler St, Tempe, Arizona 85287
Electric utility SRP

Estimate assumptions
Current annual electric bill $2400
Electric bill escalation 1.5% per year
Gasoline cost $2.4 per gallon

Summary
Save on fuel
First year total savings $749
Increased electric bill $312
Savings on gasoline expenses $1,062
Incentives available
$7,500 Plug-in vehicle federal tax credit
HOV lane access
Premium parking
Licensing tax discounts
Reduce carbon
Carbon reduction 15% Per year
Equivalent to either 30 Trees planted or 0.6 Tons of waste recycled
Steps to take
Drive an electric vehicle
Review financials
Find the best time to charge

1 ©2020 Clean Power Research

Drive an electric vehicle
Gasoline Vehicle
Vehicle 2020 Toyota Corolla
Vehicle price $19,600
Plug-in Vehicle
Vehicle 2019 Honda Clarity EV
Vehicle price after incentives $27,500
Vehicle electric range 89 miles
Daily commute miles 40 miles
Annual driving miles 14,600 miles per year
Charger type Level 1, 120V
Charger details 1.4kW
Charge start time 11:00 PM
Typical daily charge time 10 hours

Financials
Upfront cost $3,500
Incentives $7,500
Average monthly expenses $820
Lifetime savings $335
Breakeven 5 years

Financial Assumptions
Gasoline vehicle financing Loan, 5 yrs @ 5%, 10% down
Plug-in vehicle financing Loan, 5 yrs @ 5%, 10% down

2 ©2020 Clean Power Research

Important Notice
This tool simplifies the complexity of energy related decisions by making intelligent assumptions,
automating the assessment and providing recommendations to get you started. The tool strives
for objectivity and reasonable accuracy.
However, there are factors that may alter results, including, specific equipment attributes,
complex installation scenarios, unaccounted for building characteristics, credit worthiness,
specific tax situations, aesthetic preferences, and potential changes to electric rates and
incentives. The charts, graphs and results provided by this tool are for illustrative purposes only
and do not constitute a representation as to whether or not you should make any given energy
related decision.

3 ©2020 Clean Power Research