If you’re like most business or property owners, you’re always looking for ways to attract and retain tenants or customers. One great way to do this is by installing EV charging stations for multifamily housing units. Not only does this show your commitment to sustainability, but it also provides many benefits for residents and property owners alike. In this blog post, we’ll discuss the benefits of EV charging stations for multifamily housing and how MAC Electric & Lighting can help you get set up with one!
Benefits of Installing EV Chargers
Sustainability
One of the main benefits of EV charging stations is that they provide a unique amenity for residents. In today’s world, more and more people are looking for ways to live a sustainable lifestyle. By installing EV charging stations, you can show your tenants or customers that you’re committed to sustainability and providing them with the desired amenities.
Save Money on Electric Bills
Another great benefit of EV charging stations is that they can help you save money on your energy bill. EV chargers are powered by electricity, often cheaper than gas or other fuel sources. You can save money on your energy bill using EV chargers instead of traditional gas pumps.
Attract New Tenants
EV charging stations can also help you attract new tenants or customers. Many people are looking for sustainable and environmentally friendly businesses or properties to live in or patronize. EV charging stations can help you show that your business or property is eco-friendly and committed to sustainability.
30% of Tesla drivers choose where they live based on EV charging availability.
Tax Breaks and Incentives
To help offset the cost of electricity, businesses can take advantage of EV charging station rebates and incentives offered by state and local governments.
The Charge Ahead Colorado Program provides financial support for charging stations to fund 80% of the cost of a charging station – up to $9,000 for a Level 2 Dual Port Station. There may also be additional incentives available from your local utility. Since its inception in 2013, the Charge Ahead Colorado program has made awards for more than 1000 EV charging stations across the state.
Eligible applicants include local businesses, governments, school districts, state agencies, apartment/condo complexes, and nonprofits.
You may also be eligible for a nationwide tax credit for purchasing new EV charging stations. The credit covers a portion (30%) of the hardware and installation cost, up to $30,000, for commercial projects.
A Guide on EV Charging Stations in Colorado
As of July 2019, there were a total of 3,764 public electric vehicle (EV) charging stations in Colorado. With the EV market expanding several consumers are making the switch to electric but one major consideration is installing EV charging stations. Learn more about all the information consumers will need to know before investing in an EV charging station for their home or business in our Guide on EV Charging Stations in Colorado.
How to Get Started With Mac Electric
If you’re interested in installing EV charging stations at your multifamily housing property, MAC Electric & Lighting can help! We offer EV charger installation services, strategic EV charger placement plans, and expert advice on how to get the most out of local and federal government incentive programs. Request a custom quote for your EV Installation.