Commercial EV Charging Stations
Charge up your business
Charge up your business
Frequently Asked Questions about Commercial EV Charging Stations
Why should I install electric car charging stations?
The installation of commercial EV charging stations can only help your business and the benefits depend on the type of business you run. For workplaces and office buildings, it means increased worker satisfaction or interest from top talent and professionals. For restaurants and retail stores, it can mean encouraging diners or shoppers to stay longer, and obviously spend more, so that they can receive more electricity.
What kind of commercial charging station do I need?
Just like residential ones, commercial charging stations have different classifications based on charging speeds and data communications. Level I EV charging stations are a slower option, adding 3 to 5 miles per charging hour. Level II stations are faster, offering 12 to 40 miles of travel per hour of charging. They use 240V and 30amp electricity. These are pretty standard at commercial properties.
Level III stations are also known as DC Fast Chargers, and they can add 35 to over 100 miles of travel per hour of charging. Of course, these require more energy and are more expensive to install. Also, not all electric cars are compatible with DC Fast Chargers.
In addition to charging speeds, smart charging has also become a standard of comparison when it comes to EV charging stations. Through data communications, you are now able to restrict access to approved members, such as the residents of your residential complex, set custom pricing, monitor the stations’ health and more.
How much does it cost to install EV charging stations?
Obviously the cost is made up of two parts: the purchase price of the station and the installation, which is a significant part. But even the installation cost is affected by several factors, such as the electrical service that’s available and whether or not that needs upgrading as well. Another factor is the location, both in terms of physical site and in terms of the permits needed. Taxes, materials, labor, and even data connectivity, they all impact the final cost. Additionally, older buildings may require some renovations in order to accommodate this.
However, this shouldn’t be a deterrent, as there are many ways to mitigate the installation cost. Businesses usually take advantage of available grants and rebates, they make use of existing electrical infrastructure, or even share costs with adjacent businesses.
Are there incentives for commercial EV charging stations?
Yes, there are several grants and rebates that can help reduce the capital expenditure of installing commercial EV charging stations. Property owners can take advantage of utility incentives, which differ from one utility company to another but can go up to $75,000 for a DC fast charger. Oftentimes, businesses can also combine incentives, furthermore reducing the cost of the investment.