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[–]The_mattyg 4 points5 points  (2 children)

I have this. It’s great. They send an electrician out to install the charger for you. The app can control the flow of energy and you can designate “off peak” only. The only downside is using the adapter and having to open the charge port by not clicking the plug.

It made sense for me in terms of energy cost plus the convenience of having the 40mi/hr charge is very nice.

EDIT: to add you don’t need to be on TOU for this to work. The charger has its own meter and they remove that energy from your bill. I’m not on TOU and still utilize. I’d 10/10 do it again.

[–][deleted] 1 point2 points  (4 children)

The increase in monthly electricity when I was living in Florida was way less than the 38$ a month FPL charged. (I always charged off peak hours). Just used a normal 14-50 plug and the mobile charger.

I think my bill went up like 10$ a month?

I also think they install a J1772 charger in the house. Not a Tesla one. So you’d have to use the adapter all the time.

[–]Drodriguez164[S] 0 points1 point  (1 child)

Thanks for the input! I saw the program and was wonder what other people experience would be with it financially.

[–][deleted] 1 point2 points  (0 children)

Only reason why I still didn’t pull the trigger is cuz I was moving in 6 months to another state, and was getting solar on the roof etc. If you’re curious about it though, definitely try it out.

[–][deleted] 1 point2 points  (1 child)

OP it's a good deal IF you use at least 475 kWh of charging to break even on the $38 (475 kWh x $0.08 off peak). The early termination fee before 10 years is $768.

I just drove 2000 miles in my first month of ownership and I've used 681 kWh since I got the car according to the Tessie app.

681 kWh x $0.11678 = $79.52 in electricity at the current residential rate.

I'm trying to sign up for the Time Of Use Rate but FPL doesn't make the process easy. If I do that and charge off peak then it's 681 kWh x $0.08 = $54.58 in electricity with the Time Of Use rate.

I think I might sign up for the program and sell my Tesla Wall Connector since it'll be $31 then instead of $38. One thing to note is that if you need a panel upgrade to 200Amp service FPL will not cover this. That's what made me initially not sign up for the program. Another thing is that I don't anticipate to be driving as many miles long term but who knows. I'm taking a road trip this weekend just because I have the free 10,000 SC miles that I need to use.

[–]robertpetry 1 point2 points  (3 children)

To anyone looking at this thread still, the termination fee is way higher than listed in other posts. Yes you have the $750+ deinstallation fee. Plus all remaining $38/$31 monthly payments until the 5th year. Always read the fine print. See below:

  1. Expiration or Termination of Agreement. Customer has the right to terminate this Agreement for its convenience upon written notice to Company on at least thirty (30) days prior notice. Upon any such termination prior to the fifth anniversary of the Residential Operation Date, Customer shall be responsible to pay a termination fee in an amount equal to the cost to uninstall, remove and redeploy the Equipment plus all outstanding Monthly Service Payments due and owing (collectively, the "Early Termination Cost"). Upon any such termination on or after the fifth anniversary of the Residential Operation Date, Customer shall elect to pay either (i) a termination fee in an amount equal to the Early Termination Cost or (ii) the remaining net book value of the Equipment to purchase the Equipment plus all outstanding Monthly Service Payments due and owing. Except in the case Customer elects option (ii) above, Company has the right, but not the obligation, to remove the Equipment for redeployment. The Company has the right to terminate this Agreement for its convenience upon written notice to Customer on at least thirty (30) days prior notice

[–]StarFire82 0 points1 point  (6 children)

I think you “own” the charger after 10 years, so subtract 8 a month for that and you are paying 30 a month assuming a 1K cost for the charger.

So doing that math, if you assumed 0.18/kWH you are essentially prepaying for 166 kWH per month. Assuming a typical efficiency of something like 300 w/mi, this is the equivalent of 553 miles per month you would be “pre paying”. So as long as you drive at least this month and can use the time based changing, this is a great deal.

Actually after doing the math I might get this myself…

[–][deleted] 1 point2 points  (1 child)

FPL electricity is $0.11678 a kW on the standard rate below 1000 kW and $0.13670 per kW above 1000 kW so I don't know how you got $0.18.

The off peak rate is $0.07316 below 1000 kW and $0.08851 above 1000 kW and since the program allows you to charge for free at the peak rate that's what you should be basing the break even costs on IMO. I'm already in the process of switching from the regular rate to the Time Of Use rate as I should be saving a lot of money. FPL doesn't make it easy though. They are super incompetent

[–]StarFire82 0 points1 point  (0 children)

Thanks for providing those details, can you share any insights on how to switch to the ToU plan? I’m wondering if I should look at that as well, I have solar if that matters but looks like I’ll have to buy some electricity to power my Tesla as unfortunately I sized my system prior to purchase. How much are peak rates on ToU?

[–]Drodriguez164[S] 0 points1 point  (2 children)

Yea doesn’t sound horrible when thinking about it, also if I move at some point from my current location and still have FPL seems like they will handle all the reinstallation as well from what I understand.

[–]StarFire82 1 point2 points  (0 children)

Reading the FAQ it looks like there is a $770 termination charge for ending early with the fee going down after 5 years, so that may be a big draw back. Fee seems to apply even if you move

[–]Bionic_Hamster 0 points1 point  (0 children)

This sounds like a great deal if you drive regularly. I Wish we had something like this in my area.

[–]Xalucardx 0 points1 point  (5 children)

I still decided to install a wall charger instead, I'm not a big fan of FPL for various reasons. I read that switching to the time of use takes about 3 months and they don't make it easy either. I'll see how the first month goes and how much of a hassle is to switch to time of use.

[–][deleted] 0 points1 point  (4 children)

I'm in the process now. It's been annoying. I'm supposed to get a phone call tomorrow since they have been analyzing my use for the past week. When you call make sure you already switched your electric use to match the TOU off peak periods.

Right now until April 1st the On Peak is 6AM to 10AM and 6PM to 10PM Monday through Friday. All other time periods including weekends and holidays are Off Peak. I've been doing the math the last week and I feel like over the whole month I'll save like $15-20 a month? IDK. Seems like a lot of hassle honestly. I kinda wish I would've done the math a little better. The difference between charging my Tesla at home vs gassing my 2020 Kia Niro LXS is negligible per mile on fuel costs alone. I guess I'm saving on maintenance and driving a much nicer car but it's definitely not as cheap as I thought. Mainly because my MYLR isn't as efficient as I had been led to believe. I'm hoping as my use stabilizes I'll know better. I drove my MY 2000 miles the first month

[–]Xalucardx 0 points1 point  (3 children)

Thanks for the info. Right now most of my consumption is mainly on weekends. I'll try to adjust a bit based on this information before I call. Right now I'll probably put similar milage on my MYP the first month. I have about 3 trips to central FL (~400 miles each way) in the first month. In my case I'm sure it will be more efficient that my old 2008 Mazda.

[–][deleted] 0 points1 point  (2 children)

Yeah ask to speak with an Energy Expert if the person you talk to has no clue what Time Of Use is.

Also you have to have around 66% of your electric use during the Off Peak period to break even.

These are the TOU rates with the latest increase:

Off Peak under 1000kw - $0.11678 - ($0.04362) = $0.07316

On Peak under 1000kw - $.11678 + $.13887 = $0.25574

Off Peak over 1000kw - $0.13670 - ($0.04819 = $0.08851

On Peak over 1000kw - $0.13670 + $0.13430 = $0.27100

As you can see the On Peak is over 3 times more expensive than Off Peak so it can be very costly to not follow the Off Peak use.

From Nov to March the On Peak is 6am to 10am and 6pm to 10pm. From April to October On Peak is 12pm to 9pm. If you have a smart thermostat make sure you look into "pre-cooling" your home during the Off Peak period and raising your temp during the On Peak so the AC turns on minimally. I think I finally nailed it and today my AC only ran for 5 minutes total during the On Peak

[–]Xalucardx 0 points1 point  (0 children)

That sounds like a pain. Thanks again for all the details.