3 REASONS TO INSTALL EV CHARGERS

ATTRACT AND RETAIN TENANTS

• Installing EV chargers at commercial or multifamily properties sets them apart from competitors, as it demonstrates a commitment to sustainability and addresses the growing demand for electric vehicles, making the property more attractive to environmentally conscious tenants.
• On-site EV chargers provide tenants and customers with a convenient and accessible charging solution, eliminating the need to search for public chargers or rely solely on home charging, enhancing the overall tenant experience and increasing tenant satisfaction and retention.
• With the rising popularity of electric vehicles, properties that offer EV chargers meet the growing market demand, positioning themselves as desirable options for tenants who own or plan to own electric vehicles, which can lead to increased tenant interest and retention.

ADDITIONAL REVENUE STREAM

• User-Pay Model: Implementing a user-pay system for EV charging stations allows property owners to generate revenue by charging tenants or visitors a fee for using the charging infrastructure. This approach ensures a direct source of income based on the usage of the chargers.
• By offering EV charging infrastructure as a value-added service, property owners can charge a premium for properties with on-site chargers. Tenants who prioritize the convenience of EV charging may be willing to pay higher rents or fees, creating an additional revenue stream while attracting tenants who value the accessibility of charging facilities.

GOVERNMENT AND UTILITY INCENTIVES

• Government Grants: Property owners may be eligible for government grants that provide financial assistance for installing EV chargers, helping offset a portion of the installation costs and making it more affordable to implement the infrastructure.
• Utility Company Rebates: Some utility companies offer rebates or incentives for property owners who install EV charging stations, encouraging the adoption of electric vehicles and supporting the development of charging infrastructure.

RESOUND ENERGY

Resound Energy is a leading nationwide Electrical contractor specializing in EV charging station installations. With a wide range of skillsets from utility and government rebate procurement, to an agnostic approach to charging technology, to turnkey installation services, Resound Energy is the clear choice to partner with for your EV charging installation project!