The monthly cost of owning a Tesla varies widely depending on the model and individual circumstances. One owner uncovered she could drive 700 miles monthly for just $35 by charging her vehicle with solar panels at home.
Solar panels slash Tesla charging costs to $35 monthly for 700 miles of driving.
This dramatic cost reduction comes from solar panels that deliver electricity at about $0.06 per kilowatt-hour. That’s notably cheaper than typical home charging rates, which range from $10.98 to $18.00 for a full charge. Without solar panels, Model 3 owners spend an average of $500 annually on charging, or about $41.67 per month.
The story changes completely when looking at total ownership costs. A Model 3 lease starts at $349 monthly for a 24-month term with 10,000 miles annually. Model Y leases range from $399 to $499 monthly, while luxury models like the Model S and X start at $1,199 to $1,499. The Cybertruck falls in between at $779 to $1,078 monthly.
Insurance adds another notable expense. Model 3 owners pay an average of $1,258 annually, or $104.83 monthly. Leased vehicles require full coverage, including collision and extensive insurance. Rates increase for performance models and vary by location.
Maintenance costs remain minimal compared to gas-powered cars. Model 3 maintenance averages just $183 yearly, or about $15.25 monthly. There’s no need for oil changes or transmission work. First-year maintenance costs only $146, though expenses rise to $1,639 by year four. Repairs average $444 annually for the Model 3 Long Range over five years. Cold weather can increase maintenance needs as battery efficiency drops in winter conditions, requiring more frequent charging.
Public charging costs much more than home charging. Supercharger rates often reach $0.40 to $0.50 per kilowatt-hour, with some charges exceeding $70. Session fees at public stations add $10 to $20 per use. Most Tesla owners rely on public charging for less than 5% of their needs. Home charging with Level 2 chargers proves more cost-effective than rapid charging alternatives.
Total monthly ownership typically ranges from $800 to $1,200, including loan payments, insurance, and charging. While the $35 solar charging cost grabs attention, it represents just one piece of Tesla ownership expenses. Buyers can still qualify for the federal tax credit of up to $7,500 on Model 3 and Model Y purchases before September 30, 2025, significantly reducing upfront costs.
Solar panel systems require initial investment but can save owners about $1,800 annually compared to gas vehicles.