EV Charging Archives | SitelogIQ https://www.sitelogiq.com/blog/category/ev/ Tue, 31 Mar 2026 23:04:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.sitelogiq.com/wp-content/uploads/2022/04/favico.png EV Charging Archives | SitelogIQ https://www.sitelogiq.com/blog/category/ev/ 32 32 16 Active Level 2 EV Charging Incentive Programs Across the U.S. https://www.sitelogiq.com/blog/15-active-level-2-ev-charging-incentive-programs-across-the-us/ Tue, 31 Mar 2026 23:04:49 +0000 https://sitelogiq.wpenginepowered.com/?p=17487 On-site EV charging stations offer business owners many positive benefits:  While it’s hard to argue with the pros of on-site EV charging stations, one of the top barriers business owners encounter when installing electric vehicle service equipment (EVSE) is the cost.   But did you know there are incentive, grant, and rebate programs available that can […]

The post 16 Active Level 2 EV Charging Incentive Programs Across the U.S. appeared first on SitelogIQ.

]]>
Written by

On-site EV charging stations offer business owners many positive benefits: 

  • Boost customer dwell time and spending (up to 5%) 
  • Increase customer foot traffic (up to 4%)  
  • Offer additional revenue streams from charging fees and on-screen advertising 
  • Help meet sustainability and ESG goals 

While it’s hard to argue with the pros of on-site EV charging stations, one of the top barriers business owners encounter when installing electric vehicle service equipment (EVSE) is the cost.  

But did you know there are incentive, grant, and rebate programs available that can offset and, in some cases, completely cover the cost of EV charging equipment and other associated fees (i.e., electrical infrastructure, labor, construction, permits, etc.)? 

There are currently more than 16 active programs across the U.S. that public and private businesses can qualify for. These programs may cover some or all of the cost of Level 2 charging equipment, infrastructure upgrades, or both. 

What Is Level 2 EV Charging Equipment? 

AC Level 2 equipment (Level 2) makes up 80% of all public EV charging ports across the U.S. All available EVs sold in the U.S. can charge on Level 2 equipment, regardless of the make or model.  

Level 2 EVSE offers a faster charging speed than Level 1 chargers, and is often more affordable and readily available compared to Level 3 (DC fast charging). Many times, it’s the preferred charging equipment for residential, workplace, and public charging.  

What Level 2 EV Charging Programs Are Active In My State? 

The list below includes notable active programs that are accepting applications for April 2026. To access the full details about each program, including the incentive amount, click here 

Note: This post will be updated periodically as programs open and close. Please refer to the program website for complete details or contact SitelogIQ for more information. 

STATEPROGRAM NAMEELIGIBLE APPLICANTS
CAAlameda Commercial EV ChargersMultifamily locations using Alameda Municipal Power
CAAnaheim EV Chargers – MultifamilyMulti-family dwellings serving income-qualified customers only
CASCE Charge ReadyOnly accepting commercial and multifamily properties located in DAC zones
CASilicon Valley PowerCommercial properties within Silicon Valley Power’s territory
CAEV Charge SF by San Francisco Water Power and Sewer  Must be a customer of CleanPower SF or Hetch Hetchy Power
CA Power Up PasadenaMust be a Pasadena Water and Power non-residential customer
COCharge Ahead Colorado – Rolling ApplicationBusinesses & Industry, Government & Public Institutions, Non-Profit Organizations, Workplaces, Multifamily Housing in CO
CTCT EV Charging Program (Eversource and UI)All commercial and industrial Eversource and UI electric service customers who purchase and install charging stations to support charging for workplaces, light-duty fleets, the public, and multifamily properties with five or more units
GAGeorgia Power Make Ready Infrastructure ProgramGeorgia Power customers that will install chargers in areas accessible for public use or that will designated for public fleets
MANational Grid EV Chargers – MANational Grid Commercial account holders
MILansing BWL EV ChargersBWL electric customers
MIDTE Charging Forward CommercialMust be a MFH, Workplace, Retail applicant within DTE service territory.
NJDrive Green NJ – It Pay$ to Plug InBusinesses, multi-dwelling units, governments, nonprofits, and educational institutions
NJACE EVsmart programMulti-unit dwelling and commercial customers providing workplace chargers for employees within ACE electric service territory are eligible for make-ready rebates
        NJNJ MUD EV Charger ProgramEligible applicants may be apartments, condominiums or mixed residential locations that have at least five units and have dedicated off-street parking in New Jersey.
NYCharge Ready 2.0Multifamily, workplaces, hotels

How Do I Apply for an EV Charging Incentive Program? 

When it comes to open EV charging grants, rebates, or incentive programs, it’s important to remember that time is of the essence.

Most programs have strict application deadlines, a finite amount of funds dedicated to them, and operate on a first-come, first-served basis.

Some programs accept electronic applications, while others require hard copy submissions to be provided. Most programs also have various qualifications that private or public entities must abide by. This can include location, business type, amount/type of chargers installed, charger usage (i.e., public vs private access), equipment or electrical infrastructure upgrade needs, and more. Incomplete, inaccurate, or late applications could be the difference between offsetting EV charging installation by thousands of dollars or nothing at all.  

Incentive program applications can also be lengthy and unfamiliar to businesses. Since they often create an administrative burden, many businesses end up scrapping the application process altogether. That’s why it’s advantageous to work with a partner, like SitelogIQ, that handles the application and funding management process on your behalf. SitelogIQ has a dedicated team that helps with and processes incentive applications. 

Your Partner for Every Step of the EV Charging Process 

SitelogIQ is your one-stop partner for all project phases of EV charging installation, including incentive application and management. In addition to being your consultant and contractor, we’re also a strategic partner that manages all phases of a project from planning and utility coordination to installation and incentive management. 

We sit on your side of the table and act as your agent in the marketplace across legal, financing, and hardware/software vendor selection. We’ll handle the incentive program homework for you, so you never leave money on the table.

We’re here to help you navigate the entire EV charging installation process. Let’s chat about your needs today.

The post 16 Active Level 2 EV Charging Incentive Programs Across the U.S. appeared first on SitelogIQ.

]]>
Available Now: 12 Direct Current Fast Charging (DCFC) EV Incentive Programs https://www.sitelogiq.com/blog/available-now-13-direct-current-fast-charging-dcfc-ev-incentive-programs/ Wed, 18 Mar 2026 21:12:34 +0000 https://sitelogiq.wpenginepowered.com/?p=17987 Electric vehicle (EV) adoption is rising quickly as prices drop, technology improves, and more models hit the market. But even as EV sales accelerate, the growth in public charging hasn’t kept pace. Many drivers—especially those who live in apartments, urban areas, or who travel long distances—still face challenges finding reliable charging options away from home. […]

The post Available Now: 12 Direct Current Fast Charging (DCFC) EV Incentive Programs appeared first on SitelogIQ.

]]>
Written by

Electric vehicle (EV) adoption is rising quickly as prices drop, technology improves, and more models hit the market.

But even as EV sales accelerate, the growth in public charging hasn’t kept pace.

Many drivers—especially those who live in apartments, urban areas, or who travel long distances—still face challenges finding reliable charging options away from home. This gap not only fuels range anxiety but also slows the broader transition to electrified transportation.

One of the most effective solutions to overcoming this challenge is direct current fast charging (DCFC), which can help address the infrastructure gap and make EV ownership more practical for a wider audience. As EV adoption grows, expanding DCFC availability will be critical to ensuring the charging experience keeps pace with consumer demand.

What Is DCFC EV Equipment?

DCFC, also called Level 3 or DC fast charging, is the fastest and most powerful charging option available for EVs. DCFC stations are often installed near heavy-traffic areas and can charge a vehicle’s battery to 80% in as little as 20 minutes.

DCFC is typically installed at public or commercial sites because it requires very high levels of power and more costly equipment, making it less practical for residential or workplace settings.

While DCFC can be more expensive compared to other equipment alternatives that offer less output, there are a variety of incentive programs available across the U.S. that can cover some or all of the cost of the electric vehicle service equipment (EVSE), and corresponding infrastructure upgrades, construction, and installation.

Active DCFC / Level 3 Charging Programs Across the U.S.

The list below includes notable and active DCFC programs that are accepting applications as of March 2026. To access the full details about each program, including the incentive amount, click here

Note: This post will be updated periodically as programs open and close. Please refer to the program website for complete details or contact SitelogIQ for more information.

STATEPROGRAM NAMEELIGIBLE APPLICANTS
CANEVI Grant by California Energy CommissionBusiness in CA, but projects must be located in an eligible corridor
GAGA Power Commercial EV ChargersGeorgia Power business customers
GAGeorgia Power Make Ready Infrastructure ProgramGeorgia Power business customers, including commercial and industrial customers, municipalities, universities, schools, hospitals, and multifamily developments
FLFPL EVolution Make-Ready Credit ProgramCommercial customers in all areas served by FPL
MIDTE eFleet Charger RebatesDTE fleet customers
    MOAmeren Missouri EV Charging IncentivesBusinesses, multifamily apartment buildings, and publicly accessible locations
NMEl Paso Electric Commercial EV ChargersWorkplaces and fleets
NYJoint Utilities of New YorkCommercial users of utility providers
NJ ACE EVsmart ProgramACE commercial customers, and site must be publicly accessible 24/7
NJJCPL EV Driven by Jersey Central Power & LightApplicants must install DCFC chargers in JCP&L territory
ORPortland General Electric Fleet Partner ProgramSite must be within PGE service territory and should be a nonresidential customer who owns or operates a fleet of vehicles. Charging sites must add a minimum of 70kW of new load.
WAPuget Sound Energy Up and GoFor fleets: Fleet commercial customers in PSE territory that have 2 EVs already. For public use: Commercial customers in PSE territory.

Note that there are also a variety of active Level 2 programs available to offset costs.

How Do I Apply for an EV DCFC Incentive Program?

EV charging incentive programs offer grants, rebates, or funding to offset installation costs, but they’re limited, deadline-driven, and often on a first-come first-served basis.

Applications must meet detailed requirements around the site, business type, charger specs, and access, and errors or delays can mean losing out. That’s why businesses turn to partners like SitelogIQ to navigate and manage the process.

Your Partner for Every Step of the EV Charging Process

SitelogIQ is your one-stop partner for all project phases of EV charging installation, including incentive application and management. In addition to being your consultant and contractor, we’re also a strategic partner that manages all phases of a project from planning and utility coordination to installation and incentive management.

We sit on your side of the table and act as your agent in the marketplace across legal, financing, and hardware/software vendor selection. We’ll handle the incentive program homework for you, so you never leave money on the table.

We’re here to help you navigate the entire EV charging installation process. Let’s chat about your needs today.

The post Available Now: 12 Direct Current Fast Charging (DCFC) EV Incentive Programs appeared first on SitelogIQ.

]]>
How Multifamily Property Owners Can Benefit from Low Carbon Fuel Standards (LCFS) https://www.sitelogiq.com/blog/how-multifamily-property-owners-can-benefit-from-low-carbon-fuel-standards-lcfs/ Fri, 07 Nov 2025 00:43:55 +0000 https://sitelogiq.wpenginepowered.com/?p=18348 On-site EV chargers have quickly shifted from a nice-to-have amenity to a necessity for multifamily residents. More than one-third of renters surveyed are interested in at-home charging as an amenity and nearly 50% say they are considering an EV as their next vehicle. While 80% of EV charging takes place at home, an estimated 5% […]

The post How Multifamily Property Owners Can Benefit from Low Carbon Fuel Standards (LCFS) appeared first on SitelogIQ.

]]>
Written by

On-site EV chargers have quickly shifted from a nice-to-have amenity to a necessity for multifamily residents. More than one-third of renters surveyed are interested in at-home charging as an amenity and nearly 50% say they are considering an EV as their next vehicle.

While 80% of EV charging takes place at home, an estimated 5% or less of that is at a multifamily property. This is often due to a “charging gap,” which is a top reason some drivers hesitate to make the switch from all-gasoline vehicles.

For multifamily property owners, this demand creates both a challenge and an opportunity. Installing EV charging stations helps modernize your properties, attract and retain residents, move towards sustainability and ESG goals, and boost investor confidence. Still, installing EV charging infrastructure can be costly—between equipment, labor, potential utility upgrades, and the electricity to power stations, these expenses add up.

While there are plenty of low or no-CapEx funding options to reduce upfront installation costs, some multifamily owners may also qualify for Low Carbon Fuel Standard (LCFS) programs for ongoing financial return.

Understanding Low Carbon Fuel Standard (LCFS) Programs

LCFS is a market-based program designed to reduce transportation emissions by rewarding the use of cleaner fuels, like electricity for EVs. Each time electricity replaces gasoline or diesel, it lowers carbon emissions, and those reductions can be converted into LCFS credits.

These credits are bought and sold on a private, regulated market where fuel producers purchase them to offset their carbon output. For EV charging providers, that means turning clean energy use into real financial value.

While California, Oregon, and Washington have active LCFS programs, California is the only state that currently includes multifamily property owners.

California’s LCFS for Multifamily Properties

Under California’s program as of July 1, 2025, multifamily housing property can generate credits based on their EV charger energy consumption. With just the charging data, you can unlock a new revenue stream to offset charging costs, pay for maintenance, or invest in new chargers across any site in California.

Property owners must:

  • Pay for the electricity used by Level 2 or Level 3 chargers.
  • Use networked (“smart”) chargers that measure electricity accurately.
  • Serve at least four (4) condominium units or three (3) apartment units.
  • Offers communal chargers where any tenant can use the charging port.

For qualifying properties, LCFS credits can help offset both installation and operating costs, making EV charging a more attainable and financially sustainable amenity.

Why California Multifamily Owners Should Participate in the LCFS Program

Installing EV chargers at your properties is an investment, and one that often gives property owners sticker shock. But California’s LCFS program changes the math for your properties across the state, turning a long-term investment into one that offers payback quickly.

When residents or visitors charge their vehicles, your property earns carbon credits that can be sold on California’s private LCFS market. That’s a new revenue stream to offset installation costs and utility bills, and to help you allocate budget to other amenities that modernize your communities.

Beyond the dollars, there are additional advantages:

  • LCFS credits can recoup part of what you spend on charger installation and ongoing electricity use. It’s a revenue stream that grows as EV adoption rises among tenants.
  • The credits you generate have market value. You’re being rewarded for cutting carbon use, with payments that continue for years.
  • Renters pay attention to EV charging. It’s a marker of convenience and progress, and it signals that the property is built for where transportation is headed, not where it’s been.
  • LCFS participation gives you data-backed proof of emission reductions, a metric investors and residents increasingly expect to see.
  • Charging access will soon be a standard expectation. Getting ahead of that curve now protects your property’s relevance and long-term value.
  • Every kilowatt-hour delivered through your chargers helps close the state’s charging gap and moves California closer to its clean transportation goals.

LCFS isn’t just a policy program—it’s a bridge between sustainability and profitability. For multifamily owners, it’s a way to modernize responsibly and make the numbers work.

Your One-Stop Partner for Every Step in the EV Charging Process

The buying and selling process of LCFS credits is often cumbersome and can result in a major administrative burden. Having a partner that facilitates these transactions helps to simplify the process and ensures you’re unlocking the full revenue potential of credits. 

SitelogIQ partners with FuSE for enrollment and ongoing management support.

In addition to being your consultant and contractor, we’re also a strategic partner that manages all phases of a project from planning and utility coordination to installation and incentive management.

We’re here to help you navigate the entire EV charging installation process. Let’s chat about your needs today. 

The post How Multifamily Property Owners Can Benefit from Low Carbon Fuel Standards (LCFS) appeared first on SitelogIQ.

]]>
How Businesses Can Install EV Charging Infrastructure with No Capital Expenditure   https://www.sitelogiq.com/blog/how-businesses-can-install-ev-charging-infrastructure-with-no-capital-expenditure/ Tue, 08 Apr 2025 17:45:42 +0000 https://sitelogiq.wpenginepowered.com/?p=16200 Electric vehicle (EV) sales continue to grow, with no signs of a slowdown. In 2024, EV sales hit an all-time annual high of 1.3 million vehicles sold, a 7.3% year-over-year growth.  Increased sales continue to gain momentum thanks to:  Even as new administration policies have made some question the future of electric, Cox Automotive predicts […]

The post How Businesses Can Install EV Charging Infrastructure with No Capital Expenditure   appeared first on SitelogIQ.

]]>
Written by

Electric vehicle (EV) sales continue to grow, with no signs of a slowdown. In 2024, EV sales hit an all-time annual high of 1.3 million vehicles sold, a 7.3% year-over-year growth. 

Increased sales continue to gain momentum thanks to: 

  • A drop in the average cost of EVs, making them more affordable. 
  • More manufacturers have released EV models, compared to luxury-only brands in the past. 
  • The pool of used EVs continues to grow. 
  • Attractive incentives help offset the cost of EVs and/or charging infrastructure. 

Even as new administration policies have made some question the future of electric, Cox Automotive predicts a strong 2025, with EVs making up a total of 10% of all vehicle sales.  

But while EV sales continue to grow, one major gap still remains: Public charging infrastructure

The U.S. Department of Energy estimates that a staggering 80% of all EV charging happens at home. But for millions across the U.S. that don’t reside in a single-family home, EV ownership can only become a reality with access to convenient and reliable public charging stations. 

Business owners have an opportunity to help close the infrastructure gap with on-site charging stations, but many face financial hurdles in covering upfront costs.  

The good news: There are solutions to implement on-site EV chargers with zero capital expenditure (CapEx), with some options even offering a new stream of revenue.  

Why Should Business Owners Consider No CapEx Models for EV Infrastructure? 

Investing in EV charging infrastructure is a strategic decision that can attract more customers, visitors, or tenants to your properties, and help you meet regulations or sustainability goals. But it does come with a price tag. 

A no-CapEx approach removes that burden, making it possible to implement charging stations without taking on financial risk. Instead of purchasing and maintaining chargers themselves, businesses can leverage third-party funding models that cover the upfront, ongoing, or in some cases, all costs.  

Here’s why businesses should consider a no-CapEx approach: 

  • Preserve cash flow: No CapEx models eliminate the need for a large upfront cash purchase, allowing businesses to allocate funds to other priorities. 
  • Avoid budget hurdles: Many businesses face long approval processes for capital expenditures. A no-CapEx model allows you to bypass these delays and avoid taking on financial liability on a balance sheet.  
  • Minimize risk: No CapEx models shift the burden of maintenance, upgrades, and technology updates away from your business, ensuring you always have well-maintained, updated chargers without the need for additional investment.  
  • Fast-track implementation: Without the need for internal budget approvals, your business can move faster to install charging infrastructure, keeping up with market demand and customer expectations. 
  • Future-proof your business: As consumer preferences continue to shift towards sustainability, having EV charging infrastructure in place now ensures you’re ahead of the curve instead of playing catch-up later. 

What No-CapEx Solutions Exist for EV Charging Infrastructure?  

There are financing models available that allow businesses to deploy EV infrastructure without the need for upfront or ongoing investment.  

A CaaS approach allows businesses to install EV charging infrastructure through an ongoing subscription-based model. A third-party provider covers all upfront costs—including hardware, software, installation, and maintenance—while the business pays a fixed monthly or per-use fee.  

CaaS offers predictable ongoing expenses with no upfront investment and removes the risk of ownership. This model gives the business owner decision-making authority, including charger brand, installation location, number of chargers, and more. 

A CaaS model is also an excellent option for business owners that view EV charging as a revenue-generating opportunity. You retain most of the revenue collected each time the charger is used.  

Under a third-party ownership model, an outside party owns and operates the charging stations at your property. They handle all installation, maintenance, and upgrades, while your business provides the space for the charging stations with no upfront or ongoing costs. This option also eliminates all owner responsibilities, as the burden of upkeep is on the third-party operator.  

With this model, third-party providers may be selective about which locations or properties qualify for installation. The provider is also responsible for most decision making, which could limit your choices for charging equipment brand, placement at your business, technology upgrades, and more.  

Which Types of Businesses Should Explore No-CapEx Strategies? 

While most businesses could benefit from installing EV charging stations, some are a better fit for no-CapEx models. 

CaaS is the best fit for businesses with high customer or employee demand for charging but that lack budget to invest in infrastructure. Third-party ownership is a solid option for businesses with high-traffic locations where EV charging demand is strong. 

*Auto dealerships that would prefer to charge (vs offering as a free amenity) customers or visitors for charging usage could consider CaaS.  

**Keep in mind that locations that are in high-traffic and/or high EV adoption areas are better suited for a third-party ownership model due to owner qualifications.  

Your Partner for Every Step of the EV Charging Process 

SitelogIQ is your one-stop partner for all project phases of EV charging installation. In addition to being your consultant and contractor, we’re also a strategic partner that manages all phases of a project from planning and utility coordination, to installation and incentive management. 

We sit on your side of the table and act as your agent in the marketplace across legal, financing, and hardware / software vendor selection. We’ll handle the financing homework for you with a vetted list of both CaaS and third-party operator partners. With no vendor biases, you get a transparent strategy that is best fit for your needs and goals. 

We’re here to help you navigate the entire EV charging installation process. Let’s chat about your needs today.  

The post How Businesses Can Install EV Charging Infrastructure with No Capital Expenditure   appeared first on SitelogIQ.

]]>
How Low Carbon Fuel Credits Can Offset the Cost of EV Infrastructure  https://www.sitelogiq.com/blog/how-low-carbon-fuel-credits-can-offset-the-cost-of-ev-infrastructure/ Tue, 07 Jan 2025 18:32:25 +0000 https://sitelogiq.wpenginepowered.com/?p=15832 When electrifying their fleet, many operators run cost calculations for EV trucks and vans, only to be left with sticker shock on charging infrastructure.  But there are plenty of funding options that are available for fleet operators to offset the costs of both electrified vehicles and the corresponding charging infrastructure. One example includes low carbon […]

The post How Low Carbon Fuel Credits Can Offset the Cost of EV Infrastructure  appeared first on SitelogIQ.

]]>
Written by

When electrifying their fleet, many operators run cost calculations for EV trucks and vans, only to be left with sticker shock on charging infrastructure. 

But there are plenty of funding options that are available for fleet operators to offset the costs of both electrified vehicles and the corresponding charging infrastructure. One example includes low carbon fuel standard (LCFS) credits. 

LCFS credits help offset upfront infrastructure costs, while promoting clean transportation.  

What Are Low Carbon Fuel Credits? 

Low carbon fuel credits are part of state-run programs designed to reduce the carbon intensity (CI) of transportation fuels. These programs encourage the use of cleaner alternatives like biofuels, hydrogen, and electricity by assigning a carbon score to different fuel types. 

LCFS programs require companies that produce high-carbon fuels (think: large oil companies) to offset their emissions by purchasing low-carbon credits. These credits are generated by entities using clean technologies like EVs or renewable fuels. The credits are then bought and sold on a private market, with transactions occurring directly between the credit generators (i.e. EV fleet operators) and the buyers (i.e. oil companies). 

Electricity has one of the lowest CIs, making EV charging infrastructure an advantageous option for generating credits. The revenue collected from the credits can be used at the company’s discretion, but many fleet operators reinvest it into the purchase of more electrified vehicles or to offset the costs of charging infrastructure. 

Which States Have Low Carbon Fuel Credits? 

Three states currently have fully implemented LCFS programs: 

  • California 
  • Oregon 
  • Washington 

Other states, including Minnesota, Michigan, and New York, are exploring similar programs but are not yet operational. 

Within each state, the cost of the LCFS credit will fluctuate, sometimes as frequently as daily. You can view historic and future credit price predictions from our partners at FuSE here.  

How LCFS Credit Programs Offer Fleet Operators a New Revenue Stream  

Fleet operators often face higher upfront costs when electrifying their fleet compared to Internal Combustion Engines (ICE) vehicles. ICE refers to a collection of vehicles that are powered by internal combustion engines, meaning they run on gasoline or diesel fuel. The EVs themselves are typically more expensive to purchase, and the additional need for charging infrastructure adds another layer of expense. 

However, LCFS credits offer a compelling way to justify these investments. By generating credits through charging infrastructure, fleet operators can unlock a recurring revenue stream that helps to offset these initial or ongoing costs —revenue that simply isn’t possible with all-ICE fleets. 

The process is as follows: 

  • Earn credits for charging the electrified fleet. 
  • Sell credits to high-carbon generators. 
  • Reinvest revenue generated from credits in upfront or ongoing infrastructure costs. 

While this process can seem straightforward, keep in mind that  buying and selling the credits on a private market isn’t quite as simple. High-carbon generators are required by the state to purchase credits, and they typically prefer to buy credits in bulk to meet compliance without ongoing management. The buying and selling process is often cumbersome and can result in a major administrative burden. Having a partner that facilitates these transactions helps to simplify the process and ensures you’re unlocking the full revenue potential of credits.  

Offsetting EV Infrastructure Costs with LCFS Credit Program: Real-World Example 

Here’s an example of how your company could benefit from generating and selling LCFS credits from an electrified fleet: 

Using today’s credit price of approximately $75, a class-2B vehicle would earn $536/year assuming they drive 100 miles per day (251 days/year). A class-8 vehicle driving 300 miles/day (251 days/year) would generate $15,340/year.  

Because LCFS credits are long-term programs, they often cover a significant portion (if not all) of the costs of the electrical infrastructure. 

What Other Funding Options Exist to Offset EV Infrastructure Costs? 

In addition to LCFS credits, or if you operate a fleet in a state that does not have a LCFS program, there are other funding options that exist to offset upfront infrastructure costs. Federal tax incentives, state-level rebates and grants, and local utility programs offer reduced installation costs or charging rate subsidiaries. There are also plenty of financing options like leasing or loans, or lesser-known strategies including Charging-as-a-Service (CaaS). 

Check out this clip from our webinar about funding a fleet electrification strategy: 

Interested in listening to the full webinar? Click here to get access to an on-demand recording of the presentation. 

Your One-Stop Partner for the Full Electrification Process 

At SitelogIQ, we help you forecast and monetize LCFS credits with our vetted intermediary partners that support on both the buying and selling side.  

We’re also your one-stop partner for all phases of electrification infrastructure projects, including funding strategy and incentive management. Our team works hands-on with you from design through installation to warranty management and results tracking. We tailor a solution based on your current layout, charging capacity, number of charging ports needed, utility requirements, state and local mandates, accessibility requirements, financial needs, and more—both for right now and for future planning. 

Let us help you navigate the low carbon fuel credits and other funding options. Let’s chat about your fleet electrification needs. 

The post How Low Carbon Fuel Credits Can Offset the Cost of EV Infrastructure  appeared first on SitelogIQ.

]]>
How Fleet Operators Should Prepare for California’s Advanced Clean Fleet Regulation https://www.sitelogiq.com/blog/how-fleet-operators-should-prepare-for-californias-advanced-clean-fleet-regulation/ Thu, 17 Oct 2024 16:45:39 +0000 https://sitelogiq.wpenginepowered.com/?p=15350 Most fleet operators have heard of the California Air Resource Board (CARB)’s Advanced Clean Fleet (ACF) regulation by now. It’s a regulation that coincides with the earlier adopted Advanced Clean Trucks (ACT) initiative and aims to accelerate the transition to zero-emission vehicles (ZEVs). If your fleet is impacted by California ACF and you fail to […]

The post How Fleet Operators Should Prepare for California’s Advanced Clean Fleet Regulation appeared first on SitelogIQ.

]]>
Written by

Most fleet operators have heard of the California Air Resource Board (CARB)’s Advanced Clean Fleet (ACF) regulation by now. It’s a regulation that coincides with the earlier adopted Advanced Clean Trucks (ACT) initiative and aims to accelerate the transition to zero-emission vehicles (ZEVs).

If your fleet is impacted by California ACF and you fail to comply, you could be faced with penalties, up to $10,000 per vehicle, per day. To help breakdown the ACF regulation and its corresponding milestones, continue reading.

Which Fleets are Impacted by California ACF?

Simply put, ACF will impact commercial and public fleets that operate in California. More specifically, ACF will impact the following fleet types:

  • Drayage fleets: Vehicles performing drayage operations at seaports and railyards.
  • Government fleets: Fleets owned by state, local, and federal government agencies. There is some flexibility in this category for government fleets with fewer than 10 vehicles or in a designated low population county.
  • High-priority fleets: Entities that own, operate, or direct at least one vehicle in California, and have either $50 million or more in gross annual revenue, or own, operate, or have common ownership or control of a total of 50 or more vehicles. *
  • Off-road vehicles: Including yard tractors.
  • Delivery operations: Light-duty mail and package delivery vehicles.

*High-priority fleets include any vehicles—even one—that drive on California roads, even if the vehicle is registered elsewhere. This will ensure out-of-state operators still comply with ACF.

When Does California ACF Go Into Effect?

While the ACF regulation went into effect in January 2024, important milestones that impact more fleet operators are coming quickly. Ensuring you comply with the following list will minimize future potential penalties.

High Priority Fleets: 2025 –  2042

High priority and federal fleets must remove internal combustion engine (ICE) vehicles at the end of their useful life starting in January 2025, known as the Model Year Schedule.

High priority fleets also have the ZEV Milestone Option, which states fleet owners may meet targets as a percentage of the total fleet following this breakdown shared by CARB:

Note that the above represents the total percentage of ZEVs each Group must operate by the corresponding year. For example, by 2025, 10% of Group 1’s operated vehicles must be emissions-free.

Government Fleets: 2027

100% of government fleet vehicle purchases must be zero-emissions.

Both state and local government fleet owners may also follow the same ZEV Milestone Option breakdown as high priority fleets above.

Small Government Fleets: 2027

Small government fleets (fewer than 10 vehicles or in a designated low population county) must begin purchasing ZEVs.

Drayage Fleets: 2035

Drayage trucks entering seaports or intermodal railyards must be transitioned to ZEVs.

Federal Fleets: 2035

100% of high-priority and federal fleet vehicle purchases must be ZEVs.

Vehicle Manufacturers: 2036

Vehicle manufacturers may only sell zero-emissions medium- and heavy-duty ZEVs.

While some of these dates may feel far away, it’s important for fleet operators to start planning right now to avoid mandate penalties.

Why Fleet Operators Need to Plan for ACF Right Now

While the immediate impact of ACF may seem limited for some fleet operators, the long-term consequences of failing to plan and prepare for the transition to ZEVs will be significant.

Fleet operators that drag their feet on getting started may face the following challenges.

Missed Incentives

There is “free money” on the table to help fleet operators subsidize the upfront costs to transition to ZEVs. Incentives are currently available across utility rebates, state and federal grants, tax credits, and low carbon fuel credits.

This clip from our webinar “Laying a Strategic Fleet Electrification Infrastructure Plan” talks about why it’s important to act immediately on incentives:

Infrastructure Delays

Anyone who has ever been part of a construction project knows they can take months to years to complete. And installing EV charging infrastructure is no different.

Charging installation projects can take anywhere from two months to two years (or more) from planning to installation, depending on existing infrastructure, vehicle operations, and space at physical locations. Projects are also often at the mercy of equipment lead time and availability and how quickly local utilities can bring power to a site.

If your fleet falls into one of the impacted categories mentioned above, and you know EVs will be required in the future, it’s best to take a “cart before the horse” approach. Otherwise, when those electrified vehicles arrive, you’ll have nowhere to charge them on-site, halting your fleet operations.

Installation Challenges

Even if a charging installation project is going exactly to plan, fleet operators still need to consider various factors for the actual installation, such as X or Y. These factors can often impact day-to-day operations. And if you’re rushing to meet a regulation deadline, this could have unnecssary impacts to your operations.

Here’s a clip from our webinar that dives further into these considerations:

Operational Challenges

The transition to an electrified fleet can absolutely be met with operational challenges. And the sooner fleet operators begin electrifying, the more time they will have to work out operational kinks before they’re up against the clock to meet regulation milestones.

Consider just a few of the operational needs that are common with electrification:

  • Training for drivers, along with technical, maintenance, and operations teams.
  • Performance service level agreements (SLAs) with infrastructure hardware and software vendors. This will include the “who, how, and what” for managing infrastructure over the long-term.
  • Back-up plans if something goes wrong. We all know technology can fail from time-to-time, and the inability to charge an EV could mean your vehicles are inoperable.

Rushing any of the above can put your operations in a critically vulnerable position.

How Can Fleet Operators Start Meeting California ACF Requirements Early?

Crafting a fleet electrification strategy requires careful planning that begins with your business objectives. A haphazard strategy that is rushed simply to meet ACF’s looming deadlines can lead to high costs for expedited deployment, infrastructure permitting and utility hurdles, lost opportunities to reduce upfront costs, and much more.

Some fleet operators are also putting a lot of hope into regulation delays. While ACF has been met with opposition and lawsuits, those will likely only delay these milestones for a limited time. California ACF will be here to stay and the sooner you get started, the more time you have before penalties are imposed.

SitelogIQ is your one-stop partner for all phases of electrification infrastructure projects and helps fleet operators deploy centrally managed electrification infrastructure strategies. Our team works hands-on with you from design through installation to warranty management and results tracking. We tailor a solution based on your current layout, charging capacity, number of charging ports needed, utility requirements, state and local mandates, accessibility requirements, financial needs, and more—both for right now and for future planning.

Let us help you get ahead of ACF deadlines. Let’s chat about your fleet electrification needs.

The post How Fleet Operators Should Prepare for California’s Advanced Clean Fleet Regulation appeared first on SitelogIQ.

]]>
What Tesla’s Supercharger Pullback Means for Commercial Real Estate Owners https://www.sitelogiq.com/blog/what-teslas-supercharger-pullback-means-for-commercial-real-estate-owners/ Mon, 29 Jul 2024 14:39:30 +0000 https://sitelogiq.wpenginepowered.com/?p=15212 The EV market undoubtedly witnessed some shake-ups in the first half of 2024. Tesla made headlines with its slowing of investments in EV infrastructure, laying off a portion of its Supercharger team, and, most recently, plummeting profit growth. This caused a massive stir about the future of EV charging infrastructure, especially for public charging stations. […]

The post What Tesla’s Supercharger Pullback Means for Commercial Real Estate Owners appeared first on SitelogIQ.

]]>
Written by

The EV market undoubtedly witnessed some shake-ups in the first half of 2024.

Tesla made headlines with its slowing of investments in EV infrastructure, laying off a portion of its Supercharger team, and, most recently, plummeting profit growth. This caused a massive stir about the future of EV charging infrastructure, especially for public charging stations.

But Tesla’s decisions didn’t leave the EV market in peril. In fact, EV sales in the second quarter of 2024 hit a new record high and an 11.3% increase year-over-year. Prediction data also remains optimistic that nearly half of all auto sales will be EVs by 2030.

As a commercial real estate owner, you might be wondering, “What does this have to do with my properties?” Surprisingly, the answer is: quite a lot. Tesla’s Supercharger pullback, coupled with the ripeness of the EV market, presents you with a unique opportunity to help fill the charging infrastructure gap and, in tandem, motivate more drivers to adopt EVs.

How CRE Owners Can Help Fill the Tesla Supercharger Gap

There’s a perfect storm happening in the EV market that commercial real estate owners can take advantage of:

Tesla’s Supercharger pullback only added to this storm, creating a surge of questions around demand for conveniently located charging stations, and the answer is simple – at your properties.

In a market where convenient charging is becoming increasingly important, offering on-site charging can give your CRE properties a significant edge over competitors.  This can be especially beneficial for properties like multifamily communities, shopping centers, hotels, and workplace buildings where attracting tenants, visitors, and shoppers who are more likely to pay more and spend more time is a top priority.

What Are the Benefits of Installing EV Chargers at My Properties?

Property owners have the unique opportunity to be a driving force to motivate more people to adopt EVs by adding chargers in their living communities, workplaces, or retail locations. For drivers who do not have access to convenient at-home charging at a single-family home, charging availability remains a major roadblock for EV adoption. Tesla Superchargers were an enabler to convince more drivers that EV was a viable option, and with the future of Superchargers a bit unclear, property owners can step in to be part of the solution.

By installing EV charging infrastructure, you can transform your properties into a magnet for tenants and customers, future-proofing your investment and reaping a host of benefits.

Regardless of your asset class, the benefits of installing EV chargers at your properties are clear:

  • Multifamily communities: Capture sustainability-minded renters, increase rental rates, and reduce parking strain.
  • Shopping centers: Become destinations for EV shoppers, extend dwell time, and increase spending.
  • Hotels: Cater to eco-conscious travelers, enhance guest experience, and create a new revenue stream.
  • Office and workplace buildings: Attract and retain eco-conscious tenants, boost employee satisfaction, and productivity.

In addition to the benefits for tenants and visitors of your properties, EV charging also boosts investor confidence. By installing charging infrastructure, you can demonstrate a forward-thinking approach, making your portfolio more attractive to long-term investors. Additionally, you’re likely already familiar with pressure to create environmentally conscious properties. Installing EV charging stations showcases your commitment to sustainability, which can be a major selling point for socially responsible investors.

I Was or Was Planning to Work with Tesla…Now What?

If you were planning to partner with Tesla for on-site Superchargers at your commercial real estate property, its slowdown doesn’t have to stall your plans entirely. The most important factor to remember is not to fall victim to a “do nothing” mentality if your Tesla strategy is changing course. Here are some alternative paths to consider:

Numerous companies are actively expanding their charging networks. Research these providers and compare their offerings to find one that aligns with your property type, target audience, and budget.

Many government agencies and utilities offer grants or rebates to incentivize the installation of EV charging stations. Look into these programs to help offset the cost of installing your own infrastructure.

An EV charging partner like SitelogIQ will help you with all aspects of your EV deployment strategy, including site selection, budget and design, detailed engineering, procurement, and construction management.

SitelogIQ also takes a solution-agnostic approach, meaning we act as your agent in the marketplace. We’ll sit on your side of the table, navigating through the saturated market of EV charging software and hardware vendors, incentives, financiers, and legal. Let us help you find the best alternative to your Tesla plans, based on your portfolio’s unique needs and goals.

The post What Tesla’s Supercharger Pullback Means for Commercial Real Estate Owners appeared first on SitelogIQ.

]]>
How Multifamily Owners Can Overcome EV Charging Installation Capital Constraints https://www.sitelogiq.com/blog/how-multifamily-owners-can-overcome-ev-charging-installation-capital-constraints/ Tue, 09 Jul 2024 23:07:00 +0000 https://sitelogiq.wpenginepowered.com/?p=15101 The EV charging demand is here to stay and multifamily property owners need to prepare to meet tenant needs. In 2023 alone, there was a 60% year-over-year increase of EVs sold compared to 2022. And that doesn’t even account for the whopping 350,000 EVs sold in the U.S. in the first quarter of 2024. Couple […]

The post How Multifamily Owners Can Overcome EV Charging Installation Capital Constraints appeared first on SitelogIQ.

]]>
Written by

The EV charging demand is here to stay and multifamily property owners need to prepare to meet tenant needs.

In 2023 alone, there was a 60% year-over-year increase of EVs sold compared to 2022. And that doesn’t even account for the whopping 350,000 EVs sold in the U.S. in the first quarter of 2024. Couple these with the fact that EVs continue to become more affordable, and it’s safe to assume that more tenants will be demanding EV charging across your properties.

EV charging used to be a nice-to-have amenity across multifamily communities. But forward-thinking multifamily owners have shifted from whether they’ll install EV chargers to when and how – especially considering that some installation projects can take up to 2 years.

This often leads multifamily property owners to wonder, “How am I going to pay for this?”

While a direct cash purchase of EV charging installation, operations, and maintenance gives multifamily owners the most flexibility and control of the project, it also requires a significant out-of-pocket investment that might not be budgeted for or receive investor approval. An attractive alternative gaining steam includes different incentive and financing options aimed at reducing initial and ongoing EV charging costs.

Take Advantage of EV Charging Grants, Rebates, and Incentives

There are various incentives available to help significantly reduce the cost of purchasing and installing EV charging stations, making it a more financially viable option for multifamily owners.

Federal incentives have been created to help support the need for EV charging stations. The Alternative Fuel Infrastructure Tax Credit is available for commercial buildings through 2032 and can cover 30% of the cost per EV charger, up to $100,000 per charger. The U.S. Department of Housing and Urban Development (HUD) has set aside $1 billion in funding for “projects that improve energy or water efficiency, enhance indoor air quality or sustainability, implement the use of zero-emission electricity generation, low-emission building materials or processes, energy storage, or building electrification strategies, or address climate resilience, of an eligible property.” EV charging is included in this funding opportunity.

While federal incentive programs typically involve many qualifications to be met to receive funding dollars, multifamily property owners can also utilize state, local, and municipal grants and rebates to help offset costs. States such as California, New York, Massachusetts, Colorado, and Utah currently offer EV charging financing.

In addition, many utility companies have begun offering incentives and rebates for station installation. Some examples of companies with these programs include Southern California Edison (SCE), Pacific Gas and Electric (PG&E), Consolidated Edison (ConEd), Eversource, National Grid, SRP, Austin Energy, Los Angeles Department of Water and Power (LADWP), and Rocky Mountain Power (RMP). Utility companies may also offer financial assistance for the installation of electrical infrastructure like transformers or wires.

Qualifications for each incentive program differ heavily, however, we often see that higher installation projects better qualify for these EV charging funding opportunities. For example, projects looking to install 40 charging stations may be deemed more qualified and receive additional funding than those only installing 4 stations.

Navigating federal, state, local, and utility incentives is cumbersome and if not prioritized, can leave money on the table for multifamily property owners. Working with a turnkey electric vehicle supply equipment (EVSE) partner takes the heavy lifting from owners and helps ensure you take advantage of the best funding opportunities based on your location, portfolio, and property goals.

Explore EV Loan and Leasing Options

Commercial loans and equipment financing offer multifamily property owners another option to install EV charging stations. Banks offer commercial loans that can be utilized to fund EV charging projects and typically have a fixed interest rate and repayment terms. Local credit unions also often provide competitive loan options for community projects, including EV infrastructure, with potentially lower interest rates and flexible terms.

Equipment financing options, such as equipment leasing and manufacturer financing programs, allow property owners to partner with a specialized lender. These leasing options offer property owners competitive rates and flexible repayment terms to spread the cost of their project over time, through either monthly or annual payments.  

Consider a Third-Party Ownership Model

Multifamily owners also have the option to utilize a financing model where a third-party owner pays all EV charging installation, maintenance, and operational costs and collects the revenue from charging. This helps to alleviate upfront capital constraints for EV charging deployment and allows multifamily owners to benefit from new revenue-sharing models, enhance tenant satisfaction, and build a scalable strategy as demand grows. However, it’s important for multifamily owners to understand the pros and cons of a third-party ownership model to help decide if it’s the right fit for them.

Third-Party Ownership ProsThird-Party Ownership Cons
No upfront investment, alleviating budget concerns.Typically requires a 10 to 12-year exclusive agreement. With strict terms, the third-party owner may not allow the property owner to make changes outside of the agreement.  
Allows owners to allocate capital to other critical projects or improvements.Not every site across the multifamily portfolio may qualify.
Provides residents with a decision-driving amenity.Multifamily owners have less control over key decision-making, like driver pricing, where and when to add stations, type or number of chargers, or access for tenants.
Alleviates the stress of maintenance and support from property manager’s plate.

Implement a Charging-as-a-Service (CaaS) Model

Similar to a third-party ownership model, a Charging-as-a-Service (CaaS) model puts the initial financial burden on an outside party. It focuses on a subscription or usage-based model to alleviate upfront costs from the multifamily property owner. In this case, the outside party doesn’t have to carry the financial risk, opening more possibilities for the type of project, the sites, the number of chargers, and so on. Again, this model also comes with its own set of pros and cons that should be considered by multifamily owners to ensure it’s the best EV charging funding solution.

CaaS Model ProsCaaS Model Cons
Makes budgeting more predictable for multifamily owners because operational and maintenance costs are included in service fee. During the duration of the contract, some contracts authorize a transfer of property for a nominal fee at the end of the termWhile there is no upfront cost, the subscription and usage fees may exceed net revenue from chargers.  
Ensures continuous service improvements outside of installation and basic maintenance.Property owners have limited control over how chargers are operated, maintained, and serviced.
Typically guarantees service and technology upgrades.Actual costs can fluctuate due to usage rates. No residual asset value since the multifamily owner doesn’t own charging stations.  
Offers more flexibility (number of chargers, hardware, and software. )

Leverage an EVSE Partner for Long-Term Strategy

It’s understandable that some multifamily owners would rather avoid using another party’s capital for any property improvement. But when it comes to EV charging, it’s important to not fall victim to the “do nothing” mentality. Now is the time to start planning your EV charging project and identify the best funding mechanism to help meet your goals and tenant needs.

Working with a turnkey EVSE partner, like SitelogIQ, can help you plan for your current needs and the future. Our experts have helped deliver dozens of successful EV program rollouts, including one for a multifamily customer who was struggling with capital constraints. We reviewed their existing infrastructure and created a phased plan to immediately install 2 charging ports and install more down the road, helping to meet their short- and long-term goals.

We utilize a centralized approach for EV charging projects that enables us to deliver value to our customers by providing:

  • Single end-to-end accountability with an EV rebate, incentive, and warranty management to save time and money.
  • Optimized efficiency and savings due to our EV expertise to determine the best options to meet your property’s needs, such as implementation timing, install location, scale, and frequency of use.
  • Top-tier vendor relationships, buying power, cohesive project management, and consistent designs for a cost-effective rollout.
  • Unmatched speed and nationwide scale to execute portfolio-wide initiatives due to best practices, which avoid common pitfalls from an overly simplistic approach or lack of experience.
  • Access to our best-in-class program management tool, mySiteIQ, which provides on-demand data and visibility into projects.

Contact us today to learn more about our EV charging consulting services.

The post How Multifamily Owners Can Overcome EV Charging Installation Capital Constraints appeared first on SitelogIQ.

]]>
The Impact of the Inflation Reduction Act on EV Charging and Solar: What It Means for CRE Owners https://www.sitelogiq.com/blog/the-impact-of-the-inflation-reduction-act-on-ev-charging-and-solar-what-it-means-for-cre-owners/ Thu, 15 Jun 2023 19:52:57 +0000 https://sitelogiq.wpenginepowered.com/?p=12610 Pressure from investors and government regulations as well as demand from consumers are driving organizations to prioritize sustainability initiatives. More and more leadership teams are viewing environmental, social, and governance (ESG) as a value add to the business. A Bain & Company research study found that ESG activities correlate positively with stronger financial performance. According […]

The post The Impact of the Inflation Reduction Act on EV Charging and Solar: What It Means for CRE Owners appeared first on SitelogIQ.

]]>
Written by

Pressure from investors and government regulations as well as demand from consumers are driving organizations to prioritize sustainability initiatives. More and more leadership teams are viewing environmental, social, and governance (ESG) as a value add to the business. A Bain & Company research study found that ESG activities correlate positively with stronger financial performance.

According to an IBM survey, 76% of respondents reported that it is central to their business strategy; 72% approaching ESG as a revenue enabler rather than as a cost center, and 45% expecting ESG efforts to result in improved profitability.

But it doesn’t stop there, 99% of S&P 500 companies in 2020 reported having a “sustainability-conscious”, versus 90% in 2019. Additionally, over 75% of Russell 1000 companies published sustainability reports in 2020, an increase from 65% in 2019.

With such a strong push to achieve aggressive ESG goals, commercial real estate (CRE) owners must consider all the factors that contribute to successfully implementing an impactful ESG strategy, such as the investment required. The Inflation Reduction Act (IRA) represents a massive investment in U.S. clean energy and may help CRE owners fund the transition to more energy efficient and sustainable spaces.

What is the Inflation Reduction Act?

The IRA was signed into law by President Joe Biden in August 2022. This Act creates funding and rule changes designed to increase investments in carbon-reducing technologies such as renewables, clean transportation, and heat pumps.

 For real estate owners, the IRA will expand tax credits and offer funding for projects involving:

  • Renewable energy systems (Solar)
  • EV charging fleets and infrastructure
  • Energy efficient equipment and installation (HVAC, lighting, etc.)
  • Demand control energy storage

The Investment Tax Credit (ITC) enables businesses to receive a federal tax credit to offset the cost of a new solar or EV charging system. The IRA will further expand access to clean energy technologies for low-income communities and areas disproportionately affected by pollution. This means clean energy projects installed in low-income areas or multifamily apartment communities can receive bonus credit to the standard ITC. The IRA also provides grant funding to subside EV charging infrastructure along transit corridors.

The IRA also expands existing tax credits for energy efficiency and allows organizations without adequate tax liability that secure tax credits to benefit by transferring the credits to entities that can use them.

What This Means for CRE Owners

The IRA can help boost CRE owner’s efforts to achieve ESG or net zero goals by making projects economically attractive across a wider range of properties including multifamily apartments, hotels, office spaces, shopping centers, and other commercial buildings. Two keys solutions that are supported through the IRA funding include:

Solar

Organizations that are serious about curbing carbon emissions and striving for net zero targets are focusing on one of the best renewable energy sources – solar. Installing solar photovoltaic (PV) panels through a centralized approach is one of the best renewable energy sources as they are emission-free. Generating solar power on-site reduces the electricity used from the grid and helps lower operational costs. For CRE owners, utilizing solar as an energy source helps to:

  • Reduce carbon emissions
  • Increase property value
  • Increase investor confidence due to sustainability progress
  • Allow for more time to focus on other business initiatives

As part of the IRA, solar gardens are uplifted by the 10% tax credit added for energy communities, which broadens clean energy benefits, especially in underserved communities. This initiative also helps to finance low-cost, clean, reliable energy for low-income communities, such as multifamily complexes.

EV Charging

Implementing EV charging stations at offices, hotels, multifamily apartments, and shopping centers is an excellent method to help CRE owners effectively meet sustainability initiatives. EV chargers help to reduce greenhouse gas emissions for an impactful environmental solution. Installing EV charging stations can also help improve your bottom line. Research shows that a majority of consumers (51%) aged between 16 and 34 would be more likely to shop with a retailer that has made consistent efforts to be sustainable over one that has not. EV chargers can help encourage drivers to spend time or money at your establishment while taking advantage of available charging stations.

In addition, with a large jump in electric cars on the road, CRE owners are faced with new demands. According to McKinsey, in line with federal targets that half of all vehicles sold are zero-emission vehicles by 2030, it is estimated that America would require 1.2 million public EV chargers and 28 million private EV chargers by that year. Unlike gas-powered cars, electric vehicles have a building-centric fueling model. Historically, drivers expect to fuel up at conveniently located gas stations 2-3x per week, whereas EV drivers expect to top up several times a day at the places they live, work, and shop. In this new world, having EV charging available at your properties is critical.

Next Steps to Achieve ESG Goals

EV charging stations and solar PV panels are proven solutions to help CRE owners improve property values and achieve ESG goals. However, achieving the necessary returns to justify investment has historically been a roadblock.

While not every detail has been finalized, now is the time for CRE owners to identify and plan for an EV charging solution or solar PV project implementation, and to partner with a ESG implementation expert for project delivery. CRE leaders in every asset class are actively putting plans together to pursue IRA-driven opportunities.

SitelogIQ has a proven history of delivering rapid ESG impact through portfolio-wide property improvement initiatives and industry-specific best practices. We help real estate owners quickly create and execute strategic, centralized, and measurable ESG programs in lighting, EV charging, water conservation, and solar that generate immediate and ongoing portfolio value, manage risk and maintain access to capital.  It’s why the world’s largest commercial, industrial, and multifamily real estate organizations trust us to help them develop and execute their mission-critical ESG efforts. 

Contact us today to learn more about our solutions and how we can help you drive your ESG efforts.

The post The Impact of the Inflation Reduction Act on EV Charging and Solar: What It Means for CRE Owners appeared first on SitelogIQ.

]]>
EV Charging Explained and Opportunities https://www.sitelogiq.com/blog/ev-charging-explained/ Mon, 17 Oct 2022 20:05:18 +0000 https://sitelogiq.wpenginepowered.com/?p=11092 In 2010, six electric car models were available to the American public. By 2024, there will be more than 134 models available, and this number continues to rise. With many Americans looking for ways to combat rising gas prices and electric cars becoming more affordable, going electric is becoming a priority for many consumers. Installing […]

The post EV Charging Explained and Opportunities appeared first on SitelogIQ.

]]>
EV Charging Explained and Opportunities

In 2010, six electric car models were available to the American public. By 2024, there will be more than 134 models available, and this number continues to rise. With many Americans looking for ways to combat rising gas prices and electric cars becoming more affordable, going electric is becoming a priority for many consumers.

Installing electric vehicle (EV) charging stations allows your business to reap numerous benefits and establish opportunities for value creation to put you ahead of the competition. Installing EV chargers can be a complicated undertaking. We will guide you through the entire process to ensure your EV charging adoption is successful.

What Is EV Charging?

An EV charger pulls an electrical current from the primary power grid and delivers this current to an electric vehicle through a connector or plug to power the motor.

Since non-hybrid varieties of EVs do not require gasoline, EV drivers have different fueling habits than drivers with gasoline-powered cars. Drivers of gasoline-powered vehicles fuel their tanks about once a week since they have to go out of their way to refuel, and the most time-efficient choice is to refuel when their tank is nearly empty.

EV charging is an entirely different process because electricity is more accessible. It can take five seconds to plug in a vehicle, and many charging stations are at people’s homes or in public places drivers regularly visit, such as the office or public parking garages.

Many EV drivers will charge their vehicles opportunistically, which is the process of plugging into stations when they are available nearby. While most drivers will plug in their car each time they arrive home to top off their battery, opportunistic drivers plug in anywhere at any time.

What Are EV Charging Stations?

An EV charging station uses electrical power to charge electric vehicles. EV owners can install a charging station at home or use public chargers often located in community parking lots, shopping centers and other high-traffic areas. A charging station can offer AC or DC power, where DC chargers convert AC power from the grid. If chargers offer an AC supply, it will need to be converted to DC before the vehicle’s battery can store it.

How do EV Charging Stations Work?

How do EV Charging Stations Work?

directly to the vehicle, similar to how you would charge an appliance or device. An electric vehicle then stores the electricity in a large battery pack to power the motor.

After a customer signs into the system, they will open the charging port and plug in their vehicle. While their car charges, the display will show how much electricity and money they have spent. They may unplug the charger when their car is fully charged and continue driving.

Types of Electric Vehicles

There are three main electric vehicles available:

Hybrid Electric Vehicle (HEV)

A hybrid electric vehicle (HEV) combines an internal combustion engine (ICE) with a battery pack and electric motor to lower fuel consumption. An HEV can utilize this combination by using an electric motor to power the car during situations in which the ICE by itself would be inefficient, such as accelerating after a stop. Hybrid vehicles also utilize the ICE unit during certain conditions such as driving on the highway.

HEVs primarily rely on gasoline power. HEV technology will automatically charge the battery through regenerative braking, which activates the motor, meaning that drivers do not have to monitor their charge or plug their car into a power outlet to charge. However, this battery is not enough to power the car entirely, so the driver will still have to put gas into the car. HEV’s cannot be plugged into an EV charger.

Plug-In Hybrid Electric Vehicle (PHEV)

Plug-in hybrid electric vehicles (PHEV) combine an ICE with a battery pack and electric motor. The electric system generally takes on more driving responsibility when the car is in motion, leading to larger battery packs and more powerful motors. Having these more powerful electric motors allows one to switch the ICE off completely and rely only on electricity to power the vehicle.

Driving a PHEV is comparable to driving a hybrid vehicle, as the battery will recharge automatically and the vehicle will switch between the electric power source and the ICE depending on driving needs. However, drivers can fuel their PHEV with gasoline or electricity, which means that the vehicle can operate on electricity for short distances if the battery is full or on gasoline, if the battery is depleted. PHEV’s can be plugged into an EV charger.

Battery Electric Vehicle (BEV)

A battery electric vehicle or an all-electric vehicle only runs on electricity and draws energy from onboard battery packs. BEVs do not contain an ICE and run completely on electricity for a larger battery capacity. Since a BEV requires additional technology to support the battery, BEVs often cost more than other electric vehicles. Drivers can charge BEVS on a home charging station or a public charging station and recoup energy through regenerative braking. BEV’s must be plugged into an EV charger.

Types of Chargers

A Level 1 charger is a 120-volt outlet an electric vehicle driver can plug into their home or garage. New PHEVs tend to have a Level 1 charger, and most PHEVs can reach a full charge overnight using a Level 1 charger. However, level 1 chargers are insufficient for the needs of most BEVs due to their slow charge since they only add about 4 miles of range per hour. Many EV drivers only use them as a backup.

Level 2 chargers are charging stations available in public spaces such as parking lots. While charging times will vary depending on the vehicle, they are generally faster than wall outlets and ideal for everyday use. Using a Level 2 charger, BEVs can fully recharge in four to 10 hours, while PHEVs can fully recharge in one to two hours.

A rapid charger, DC fast charger, and Tesla supercharger are all considered Level 3 chargers. A Level 3 charger allows the driver to recharge their EVs to 80% battery within an hour. A Level 3 charger is typically found at public charging stations and offers super fast charging, making it ideal for longer trips or whenever an EV owner needs a quick charge. PHEVs cannot use Level 3 charging.

Among these three levels of chargers, there are also connected AKA “smart” and non-connected chargers. A smart EV charger is a system where the electric vehicle and charging device share a data connection through an app and charging operator. A non-connected charger doesn’t offer cloud connectivity. Using smart charging systems allows charging station owners to charge for the electricity and monitor, manage, and restrict device use to optimize energy consumption.

What You Need to Know About EV Charging for Commercial Real Estate

As the number of electric vehicles on the road continues to grow, the demand for faster charging stations also continues to increase. Before installing a charging station at your business, it’s essential to consider the following factors:

What You Need to Know About EV Charging for Commercial Real Estate

Consider Install Costs

The installation cost of your charging station will vary depending on the type and number of chargers and whether your business intends to install a Level 2 or a Level 3 charger. Some other installation costs to consider include:

  • Number of chargers
  • Charger manufacturer
  • Charger level
  • Labor
  • Permits
  • Taxes
  • Location
  • Landscaping and other lighting features

Turnkey energy solutions can help you manage the installation project from initial planning to construction management.

Navigate EV Charging Incentives

Tax credits are available for electric vehicle charging stations on the federal, state, and local levels. While most consumers know of the tax credit for individual electric vehicle purchases, many business owners may not know of similar electric vehicle supply equipment (EVSE) credits, such as the federal government credit that was recently renewed by the 2022 Inflation Reduction Act. These EVSE credits can mitigate the cost of expansion or essential infrastructure and make refueling accessible everywhere.

Incentives for installing commercial EV charging stations are still available from individual states and some power utility company programs, and your business can apply many of them toward the cost of equipment and installation. Since installation can be the most significant investment associated with installing an electric vehicle charger, having tax credits can result in substantial savings.

Depending on your state, you may also have the opportunity to apply for grants. View the National Conference of State Legislatures website to learn more about which tax credits and grants are available for your company.

Implement Network Connectivity

Integrating network connectivity creates a more sophisticated EV charging station system. Use a networked-connected system to:

  • Monitor when and how often individuals utilize the EV chargers
  • Manage energy use by reducing charging output during periods during peak hours or or when electricity rates are higher
  • Charge visitors a fee to earn revenue with your EV charging stations
  • Determine network status and troubleshoot concerns remotely and efficiently

Enable drivers to reserve a charging station, establishing organization for EV charger users

Take a Coordinated Approach

If you are installing charging stations at multiple locations, developing a coordinated approach is essential to ensure your charging stations offer a consistent experience. Some methods you can employ in your collaborative approach include:

  • Establish a consistent playbook across communities
  • Choose a single EV network provider with integrated hardware
  • Include a standard service package with a single point of contact

Factor in Driver Experience

Creating a positive driver experience can be the difference between unsatisfied visitors and pleased customers that continue to return to your charging station. Some ways you can improve driver experience at your charging station include:

1. Reliability

Without a way to charge their card, drivers worry about being stranded. EV charging stations must be working at all times when drivers use them.

2. Visibility

Before any driver can use your charging station, they need to be able to find it. If you plan on building a public charging station, you need to ensure it is visible on online platforms, charging apps, and platforms such as Google and Apple Maps. Once your charging stations become visible online, you should also focus on your offline visibility with LED lighting and LED charging indicators to highlight which ports are currently available.

3. Safety

It is essential to ensure your charging stations are safe to protect users. Implementing LED lights on the tops and sides of your charging stations will make your charger more visible at night and increase safety. You can also employ cable management to improve driver interaction and prevent tripping hazards or drivers driving over the cables and damaging your charging station.

4. Interaction

When drivers arrive at your charging station, they want an easy-to-read and navigable interface. Since most EV chargers lack an interactive screen on which to begin the transaction and make payments, you need your EV charging stations to be part of a system with a functioning, easy-to-use smartphone app. Select a provider that has positive customer ratings on their app, as higher app ratings will reflect user satisfaction with the complete system.

5. Accessibility

Accessibility features such as wheelchair access are essential in advancing EV charging adoption, and they are also increasingly necessary to meet government regulations. Many states are also requiring all businesses to comply with requirements set by the Americans with Disabilities Act (ADA). Having accessible charging also allows all drivers to quickly and safely utilize your charging space and benefit your business.

Ideal Commercial Prospects

Is EV Charging right for my Commercial Property?

Electric vehicles are on pace to become the vehicle of choice for drivers. In fact, several of the worlds largest auto-makers are already planning to become all-electric brands within this decade. This means that EV chargers will be increasingly needed at the places people park their cars. Installing EV charging stations is an attractive option for many commercial real estate owners and operators that wish to increase property value, employee satisfaction, and the number of customers they receive. Ideal commercial properties for EV charging stations include:

Multifamily

Multifamily owners and operators have an early opportunity to encourage EV adoption and meet EV charger demands by installing EV chargers at their properties. According to Forbes, “Renters are demanding more eco-conscious options — their requests for EV charging stations will increase as demand for eco-friendly electric or plug-in hybrid vehicles increases.”

As electric vehicle adoption continues to increase, multifamily residents are also expecting to charge their electric vehicles where they live. In fact, Studies indicate that 85% of electric vehicle (EV) charging happens at home. Just like laundry machines, EV chargers will become a required amenity at most apartment communities in high EV adoption areas. Acting proactively to provide EV chargers at your multifamily properties is critical to resident retention and attraction, ultimately strengthening your position amongst the competition.

Shopping Centers

Many EV owners want parking options that allow them to charge their cars while they visit retail stores. Shopping centers that offer EV chargers will attract those consumers. Charging not only attracts customers but can also increase the amount of time and money spent in a store.

In fact, according to Fuels Institute, Electric Vehicle Council, EV Consumer Behavior report (June 2021), Battery electric vehicle (BEV) drivers expect to spend 30 minutes to one hour at the charger. Other studies/surveys suggest that these consumers would prefer activities to occupy their time while charging. Grocery store visits, dining, and shopping are the most preferred activities while waiting for their EVs to be charged.

Between attracting EV drivers, increasing foot traffic and dwell-time, shopping center owners are already reaping the benefits EV chargers bring to their properties.  

Hotels

Charging is most common at places where people park their cars for long periods of time. Similarly to Multifamily, Hotel’s will be an important place that EV owners  will rely on to charge up. Hotel owners are in a unique position when it comes to EV’s. With more drivers using their EV’s to travel and major car rental organizations such as Hertz already providing EV rentals to travelers, hotel owners must meet guest demands for EV chargers at their properties or risk losing the business to competitors who are providing EV chargers at their hotel sites. In order to remain competitive in the market, installing EV chargers at hotel sites is a must.

Contact SitelogIQ Today

The high demand for EV Charging Stations creates real value for occupants that gives you a competitive advantage. SitelogIQ offers the

  • Helping you quickly and smartly make ESG progress
  • Increase your portfolio value
  • Meet real occupant demand for EV Charging stations
  • Provide you with a competitive advantage
  • Speed the transition to EVs 
Contact SitelogIQ Today

Contact our team today to take the first steps toward implementing commercial EV charging at your business.

The post EV Charging Explained and Opportunities appeared first on SitelogIQ.

]]>