Multifamily properties know by now that electric vehicle drivers want to charge their cars where they live. This means that more than ever, on-site charging options are a priority for apartment residents. They want to know that they’ll be able to charge their electric vehicle at their apartment community whenever they need to. In a residential survey, almost all participants noted they would prefer to charge their vehicles at home with a private charger.
In order to maximize charger usage and availability at their properties, developers should consider station placement. Some properties will place the chargers in clusters, or some may install in front of individual units. Utility Dive’s write-up recommends at least one two-car charger per garage level or garden-style apartment building.
Costs may add up quickly for property retrofits, noting that it can be “very expensive to retrofit EV stations due to the need for tearing up pavement to install conduit and hardware, and potentially add dedicated transformers”.
Ensuring that your property can meet future EV charger demand may mean installing additional electrical conduits and optimizing your power design. Multifamily firms can claim a tax credit of up to 30% for installing new EV chargers and charging equipment, thanks to the Inflation Reduction Act.
The bottom line is that installing electric vehicle charging stations will enhance your property’s value and attract more EV drivers. Sona Energy recommends ensuring you have a comprehensive strategy to tackle installation requirements and costs, consideration of charger placement and usage at your property, and ability to prepare for future demand. Contact us today and we’ll help you get started with the right solution.