Commercial electric vehicle charging stations can require extensive work in regard to installation. While many new buildings are now required to include “make ready” junction boxes, older buildings may require electrical upgrades or other site work. In fact, the cheapest part of your installation budget is often the charging equipment itself! That’s why some utilities and governments now provide rebates for equipment, infrastructure, or both. Here’s a breakdown of the different types of incentives for EV charging at commercial properties.
Make Ready Programs for EV Charging
While installing a station itself is simple, the electrical work can be complicated. Whether you manage a garage or a surface lot, you need to get electricity and cell signal to your stations. Some properties may need to upgrade their panels or transformers. Some may need trenching. Make Ready programs will pay for this expensive work so you’re ready to add stations when you need them. You may be able to install two stations, run conduit for 20 future stations, and then add more chargers as needed. Once the infrastructure is installed, you have more flexibility in adding stations as needed. Make Ready programs are usually offered by your utility, who will manage the electrical work after approving your application for funding.
Charging Equipment Rebates
Many of the state Volkswagen mitigation programs open to businesses are equipment rebates for networked EV charging stations. Some programs may offer $2,000 rebates per station, while others might pay for the station and the infrastructure. When considering any charging station program, it’s important to note whether the rebate is paid “per port” or “per station.” In one “per station” utility rebate last year, SemaConnect customers could save more money with their Series 6 charging stations than on other companies’ dual chargers, simply because the SemaConnect dual pedestal charging station qualified as two chargers instead of one! EV charging station rebate programs might be offered by your utility or local government and may require application either before or after you start construction.
The last type of funding is received in the form of a tax credit after installation. The big American tax credit is the Federal Alternative Fuel Infrastructure Tax Credit. This tax credit, worth 30% of costs up to $30,000, is valid for businesses that install charging stations by December 31, 2020. Even if a business does not want to join their utility’s EV charging program, claiming credit on business taxes is a great way to reduce the cost of an EV charging project.
The good news is that there is funding available for commercial EV charging stations! Need help with an application? Click here to contact your SemaConnect sales manager today!