Methodology
Every WattSpend calculator uses public data and a formula printed on the page. This is the full reference for where the numbers come from and how each tool computes its answer.
Data sources
- Electricity rates, residential ¢/kWh in the style of U.S. Energy Information Administration (EIA) state averages. Refreshed from EIA monthly data and stamped with a “last updated” date.
- EV efficiency and battery size. EPA ratings (miles per kWh, measured from the wall, so ~10% charging losses are already included) and manufacturer usable-capacity specs.
- Gas baseline, 28 mpg at $3.20/gallon as a national example; editable in every comparison.
- Public / DC fast charging, about 42¢/kWh, a typical US networked rate.
- Heating fuels. DOE reference BTU values and 2026 example prices: natural gas ($1.55/therm, 92% furnace), heating oil ($3.80/gal, 85%), propane ($2.90/gal, 90%), electric resistance (100%).
The formulas
EV monthly cost = (miles ÷ mi-per-kWh) × rate
full charge = battery kWh × rate
gas monthly = miles ÷ mpg × gas price
heat pump kWh = heat delivered ÷ (HSPF2 × 1,000)
payback years = (install − rebates) ÷ yearly savings
backup hours = usable kWh ÷ average load (kW)
What these estimates don’t capture
Estimates are estimates. Weather, time-of-use plans, terrain, ductwork, and your specific utility tariff all move the real number. Where a factor is large, winter range loss, deregulated markets, install scope, we say so on the relevant page. Always check your own utility bill and get real quotes for real projects.
Last reviewed: January 2026