Everyone wants to know the cost upfront, bit to get the RIGHT answer you’ll need to do a property evaluation. Even in the worst case scenarios, property owners are still in the positive and those profits will eventually grow as the consumer market changes.
Here’s a standard scenario to give you some idea of what costs are involved.
Charging stations- The average charging station will cost you around $1,300 to $1,500 with higher rates for fleet or heavy industrial stations. Currently, there are rebates ranging from $1,500 to $2,500 per port installed. Every county, state, and municipality offers its own incentives. Programs for multi-family dwellings are different from pure commercial or industrial, but in most cases these cover the cost of the charging stations.
Installation- This will be where an electrical contractor will survey your property and develop program and install. In many cases these costs are manageable out of pocket but is dependent on what is found in the survey. Larger projects have access to federal and state incentive loans. The state of California has an aggressively catered loan with cash pay outs when combined with the installation can greatly reduce the cost of the investment.
The bottom line- To get the right answer you will need to have us come out, survey the site, ascertain the needs of your property, and determine what rebates, tax credits, and incentive programs you qualify for.
To coordinate many of the cost we can coordinate you with financing specialists listed in the Deeper Dive links below.