Property Manager's Guide to EV Charging Stations
Electric cars are here to stay. Unlike a quick stop at the gas station, charging stations are not as plentiful as they could be. Can this situation provide a unique opportunity for shrewd property owners and managers?
The Connection
At Black Light Electric, a leading installer for electric vehicle charging stations in the Northwest, we would like to provide you with information on the top EV charging stations for commercial properties, known revenue generating properties, and enhanced safety of having charging on their property. I will also state other positive reasons why a commercial property manager would want EV chargers professionally installed by a very experienced electrical contractor like Black Light Electric. I will mention specific benefits to tenants if a charger is on-site.
Top EV Charging Stations for Commercial Properties: Here are some of the top EV charging stations for commercial properties:
- ChargePoint: ChargePoint is one of the most popular EV charging station providers for commercial properties. They offer a range of commercial products, industry-leading software, and easy-to-use options for generating revenue from public users
- EVBox: EVBox is another popular EV charging station provider for commercial properties. They offer a range of charging stations, including fast chargers, and have a user-friendly app that allows users to find and reserve charging stations
- Tesla Supercharger: Tesla Superchargers are designed specifically for Tesla vehicles and are some of the fastest charging stations available. They are ideal for commercial properties that cater to Tesla owners
Financial Opportunity
Installing EV charging stations at commercial properties can generate significant revenue. According to a recent NAIOP webinar, EV charging station implementation can attract and retain tenants, improve the property’s environmental score, and generate new revenue streams. Customers spend more time and money at retail locations that offer EV charging. EV charging stations also attract new customers to any given location simply by offering charging, a benefit that can give you a competitive edge today, more than it can 10 years down the line when more properties offer charging.
Tenant Benefits to on-site charging stations for commercial properties:
- Increased Resident Retention and Reduced Vacancy Times: A resident benefits package can enhance tenant satisfaction and loyalty, increasing tenant retention rates. When tenants feel valued and receive additional perks and services, they are more likely to renew their leases and remain in the property for an extended period 8.
- Attract New Tenants: EV charging stations are an amenity that attracts business and retains customers. Installing charging infrastructure can involve complex payment structures, data collection, ownership models, parking, and signage requirements, in addition to typical infrastructure considerations like cost, regulations, safety, efficiency, siting, and type of equipment
Example of a Tenant Choosing a Property with an EV Charging Station: According to a recent report by the National Renewable Energy Laboratory, properties with EV charging stations can command higher rents and attract more tenants. For example, a tenant may choose a property with an EV charging station over one that does not because it provides a convenient and reliable way to charge their electric vehicle.
Important EV Charger Information for Washington State!
Black Light Electric can help you with permitting issues and complete professional installation of a bank of EV chargers for your properties. We can install your new equipment and support systems, from gas piping to wiring to duct transitioning and fabrication, venting, and plumbing. We can also thoroughly test the system to make sure it’s reaching its full efficiency and comfort potential. We will explain the new system to you, answer your questions, and give you operating and maintenance instructions.
What do you do now?
As you can clearly see, installing EV charging stations at commercial properties can generate significant revenue, enhance safety, and provide specific benefits to tenants. Black Light Electric can help you with the installation and maintenance of your EV charging stations. It is a specialty service for us. Contact us today to learn more about how we can help you.
