As more and more electric vehicles take to America’s roadways, parks, public offices and businesses are increasingly converting their parking spaces into EV charging stations for both consumers and employees. The installation of charging stations represents an opportunity for businesses to capture market share and gain loyal customers through a challenging transition, while also providing an advantage for “work-on-site” companies in an increasingly competitive hiring environment.
But as the transition to EVs continues, workplace and other public charging stations will not be enough to support the growing need for power, and this represents both a challenge and an opportunity for property managers of multi-tenant housing complexes.
EV Charging Will Soon Be a Must-Have for All Multi-Tenant Housing
The need for convenient home charging is as prevalent for condo and apartment dwellers as it is for single-family homeowners, but complexities unique to multi-tenant housing can make the project seem intimidating. Parking space ownership, project financing, billing, and electrical infrastructure upgrade requirements are just a few of the issues that need to be addressed. Fortunately, as the need for more home charging becomes an imperative there are more resources available to help property owners plan and build the best station operation for their residents’ needs and their building/parking footprint.
EV charging station implementation partners, who are experienced in planning, building and commissioning, can help manage the entire upgrade process. Electrical contractors specializing in EV infrastructure upgrades can make sure the installation is done correctly and is designed for expansion as the EV movement gains more ground; and on the technology side, advancements in chargers now allow for smart grid integration and payment options suitable for a variety of applications.
JuiceBox Pro Series for Multi-Tenant Housing
Level 2 chargers, like the JuiceBox Pro are an affordable, reliable daily-charging solution that can charge a vehicle up to nine times faster than level one stations. The chargers are wi-fi enabled with smart charging features including a property administration dashboard that gives managers control over charging optimization and load sharing to reduce energy costs.
On the user side, the JuicePass app is an intuitive and easy way for tenants to manage their charging, and RFID cards allow for charge authentication and initiation with just a tap. JuiceBox Pro chargers are eligible for local and national rebates and incentives, and their consumption and cost tracking functionality deliver lower operating costs over time compared to chargers without smart capabilities.
For Property Owners, Benefits of Installing EV Chargers Are Numerous
With the nationwide move away from carbon-based energy, federal, state and local governments are actively encouraging car buyers to go electric. As the imperative gains traction, offering reliable home EV charging will only become more important for attracting and retaining tenants. EVs can save their owners more than $1,000 per year in gas and oil changes depending on the state they live in, and providing home charging delivers the convenience factor that can help people be more confident about signing long-term leases.
The Time is Now
Financially, when it comes to installing multi-residence charge networks there is, literally, no time like the present, because there will probably never be more free money available than there is right now. The incentives for installing electric vehicle supply equipment (EVSE) are both numerous and generous. With the need for charging stations becoming an urgent imperative, the funding opportunities available now can cover the costs of much, if not all of a project, while the implementation increases property value from day one. Moreover, installing EV chargers can help buildings achieve LEED certification and help meet corporate sustainability objectives.
On the user side, the JuicePass app is an intuitive and easy way for tenants to manage their charging, and RFID cards allow for charge authentication and initiation with just a tap. JuiceBox Pro chargers are eligible for local and national rebates and incentives, and their consumption and cost tracking functionality deliver lower operating costs over time compared to chargers without smart capabilities.
