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Making EV Charger Acquisition Affordable

In a previous blog post, we covered the basics of commercial Electric Vehicle (EV) chargers. With multiple options to choose from, there is a deeper discussion to be had around which charger type is the best fit for your facility and business type. Things like average dwell time and local driving demographics will certainly factor in your decision-making process, but the single most important aspect for all prospective buyers is cost. 

In a previous blog post, we covered the basics of commercial Electric Vehicle (EV) chargers. With multiple options to choose from, there is a deeper discussion to be had around which charger type is the best fit for your facility and business type. Things like average dwell time and local driving demographics will certainly factor in your decision-making process, but the single most important aspect for all prospective buyers is cost. 

While there is no question that electric vehicles will eventually replace gasoline and diesel-burning vehicles, the real question is when.  The dilemma is a real chicken-and-egg issue where consumers are hesitant to buy an EV when there aren’t enough chargers to meet the demand and building owners are reluctant to invest capital in EV charger installations until they feel confident there are enough EVs on the road to justify their investment. 

Clearly significant investment will be needed in EV chargers over the next 10 years in order to have enough chargers per vehicle to avoid debacles such as this. The good news is, EV chargers are more affordable than you might imagine and they become even more so thanks to state and local governments offering a variety of grants, rebates, and tax credit programs.

  • Grant programs- Incentive programs where funds are usually provided upfront to eligible parties who complete an application and meet certain criteria. Example:Pacific Power Charging Station Grant Program
  • Rebate programs- Similar to grant programs, there are often application and eligibility requirements. It differs from a grant program in that awarded funds are distributed after the initial investment is made. Example:Austin Energy Workplace Charging Rebate
  • Tax credit programs- Incentives that allow eligible taxpayers to deduct a defined credit amount from taxes owed to the state or federal government. Example:Alternative Fuel Infrastructure Tax Credit

We recently announced a new partnership with ChargePoint. ChargePoint offers a variety of commercial charging stations using cutting-edge hardware technology that is rigorously tested to be safe and reliable. They also understand that finding programs you are eligible for can be a daunting, tedious task. Good news! ChargePoint has already done the legwork for you and built a tool to help you find programs across the entire United States to make your cost of EV charger acquisition as affordable as possible. 

As always, we are here to assist with any questions you might have about EV chargers or any other smart buildings related topic. Contact us today to get started! 

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