Market Opportunity
California has 1.5 million EVs with projections of 7 million by 2030. Properties with EV charging command 5-7% higher rents and attract premium tenants. Charging revenue generates $500-2,000 per port monthly.
Installation Costs
Level 2 chargers cost $3,000-7,000 per port installed. DC fast chargers range from $30,000-150,000. Electrical upgrades may add 50-100% to project costs without load management.
Available Incentives
Federal 30% Alternative Fuel Infrastructure Tax Credit covers charging equipment. California utilities offer rebates up to $15,000 per charger. CALeVIP provides up to 80% project funding.
Revenue Models
Charging fees typically $0.20-0.60/kWh generate positive ROI in 3-5 years. Subscription models, parking premiums, and demand response programs provide additional revenue streams.
Written by
Promise Energy Team