Why Multifamily Properties Should Invest in EV Charging Stations
Electric vehicle (EV) ownership has grown steadily over the past few years. In 2019, there was a record-smashing 2.1 million EVs purchased, and this was only the beginning of the next surge of growth. The EV market experienced massive growth in 2021, which is expected to continue into 2022 at 40% a year. An ever-expanding EV charging infrastructure network and increased support from the government in the form of rebates and incentives for EV charging station installation encourage the rising popularity of EVs.
If you own or manage a multifamily property, you may be considering installing EV charging stations for your residents.
Benefits of Installing EV Charging Stations
Installing EV charging stations at your multifamily property has many benefits.
1. Attract new residents.
Tap into the rising number of people who own EVs by installing EV charging stations right where they live. The availability of EV chargers on-property is a deciding factor for many potential new residents.
2. Retain current residents.
Give current residents a reason to renew their leases by installing EV charging stations. Many existing residents are making the switch to an EV and are looking for a way to charge at home.
3. Get ahead of your competition.
Many multifamily properties are installing EV charging stations to meet rising resident demand. Stay ahead of your competition by installing EV charging stations sooner than later. Acting now will also help you maximize any available rebates and incentives provided by your local utility.
4. Create a revenue stream.
Research shows that 75% of EV owners charge at home. EV charging stations at your property allow you to generate revenue 24/7 from these residents.
5. Offer a valuable amenity.
Instead of charging for their use, offer additional value to your residents by providing EV charging stations on your property as an amenity.
How Do You Install EV Charging Stations at Your Multifamily Property?
Developing an effective EV charging strategy that works for your residents today and scales easily for the needs of tomorrow can be done in partnership with experts like Chargie. As a turnkey provider, we manage every step of the process.
1. Survey and evaluate.
Every property is different, so there isn’t a one-size-fits-all EV charging station solution for multifamily properties. Chargie works with properties to consider many important factors like space limitations, power requirements, aesthetics, available rebates and future needs. We also evaluate your current electrical system to determine what, if any, upgrades are needed. This ensures there won’t be any surprises or obstacles after the final design.
2. Plan and design.
Next, we plan and design your EV charging stations. Our team of expert engineers will work closely with you to design a charging station layout that meets your property’s needs.
3. Permit and approve.
Chargie handles the details of getting any required permits and approvals from local government agencies so you don’t have to. This includes maximizing any rebate and incentive programs available for your property.
4. Install and validate.
Chargie manages all parts of the EV charger installation including building the physical infrastructure, deploying a wireless network to connect it and conducting extensive testing. This installation process takes as little as two weeks and minimizes any disruption to your residents.
5. Manage and operate.
Our work doesn’t stop once your stations are installed. We’ll help you manage and operate your EV chargers with 24/7 monitoring and support.
Get Started with Chargie EV Charging Stations
With over 15,000 EV charging stations installed, we’re experts at installing and operating EV chargers in multifamily communities. Multifamily properties have specific needs for charging station installations, and Chargie helps you navigate those needs. We handle the entire process, from a site survey to designing your charging stations and completing the physical installation. We’ll even take care of finding and applying for available local rebates and incentives. We’ll maximize every program your property qualifies for to help offset hardware and installation costs. Most of our clients have 100% of their installation costs covered. If you’re ready to get started, reach out to us today.