CityPark, the InterContinental's valet parking operator, funded their project.
City CarShare was able to obtain some of its charging stations at a reduced cost through the ChargePoint America program.
The set-up expenses that Post Montgomery Center incurred reached a total of $5,617.50.
There are several monetary benefits and incentives to motivate a business to deploy electric vehicle charging infrastructure including:
EV charging use fees: Collect EV charging user fees, for profit, or to offset costs for electricity, installation, warranty, maintenance, and support costs for electric vehicle supply equipment (EVSE).
Collect paid-for-parking fees: Collect parking fees in EV locations that currently offer free parking.
Value of avoiding carbon emissions: Trade carbon credits or offset carbon taxes in the future.
Capitalize on government grants: Offset or eliminate the majority of installation costs before the incentives expire.
Additional tax deductions: If you qualify, there are direct federal and state tax credits for businesses and individuals.
Installing EV charging stations yields several indirect monetary benefits that, while more difficult to measure, may have a significant impact on business development and strategy including:
Attract customers / vendors / strategic partners: The display of EV charging stations in your parking lots makes a statement to visitors that your company is progressive and innovative.
Recruiting and retaining top talent: Bright minds are looking to work for and with innovative companies that make an effort to support their professional and personal lives.
Socially responsible branding: Marquee EV parking stalls and decals, auto wraps, or other visual techniques exhibited on internal electric fleet vehicles become a rolling billboard for a company’s commitment to sustainability.
Supporting the plug-in driving community: Serve as a charging hub for plug-in driving community.
Positive employee and community perception: Show that you support public health goals by doing your part to reduce tailpipe emissions.
Possible contribution to Leadership in Energy and Environmental Design (LEED) points for green building initiatives: Up to three LEED points are available under the New Construction Sustainable Sites Credit #4.3 “Alternative Transportation, Low-Emitting, and Fuel-Efficient Vehicles”.
Step 3: Finance your project
Determine if you are eligible for any electric vehicle supply equipment (EVSE) and/or installation incentives. Consult your business financial advisor for business tax credit information or visit the links below.
The Bay Area Air Quality Management District (BAAQMD) may offer funding for projects that seek to deploy publicly-available PEV chargers. More information available here >>
Learn more about incentives and credits for charging equipment, vehicles, utility rate discounts, special decals and permitting, and insurance discounts here >>
Estimate labor and material costs based on location and type of charger you want, keeping in mind that trenching and inadequate power supply may increase costs significantly. Electric vehicle service equipment (EVSE) ranges in price from $600 for a simple residential unit to about $5,000 or more for a high feature networked public charging unit. EVSE pricing has been steadily declining since volumes have increased. Price is also determined by the performance level, administrative software, pre-paid warranty options, and service and support packages. Actual rate of charge is determined by both the charger and the vehicle’s configuration.
When planning the deployment of EV charging station(s), it is most cost-effective to consider designs for both initial installation and future expansion. If expansion is anticipated, the initial installation work should include basic infrastructure (e.g. conduit, trenching, pull wire, available circuit breaker location in supply panel) for the future charger installations. Cost variables include the following:
Site layout (distance from an adequate power supply to the charging site).
Charging level (Level I, Level II, or DC Fast Charge).
Trenching and unwired conduit (based on distance).
Electrical panel capacity (controlled by building owner and provisioned by electrician).
Area electrical capacity (provisioned and controlled by utility).
Wiring (cost rises per linear foot).
For installations of one or two charging stations, it is likely that expenses will be limited to the time and materials required by the electrician. In the event that upgrades are necessary, such as a panel or meter upgrade, costs may increase significantly. For larger scale projects that require multiple high amperage circuits or complex trenching work, costs will be much higher.
This is a sample cost breakdown. Chart reprinted from "Electrify Your Business."
Consider offsetting installation costs by "Charging to Charge" Plugin Recharge has devised a way to calculate the optimal rate to charge customers or employees to plug in their electric vehicles. Simply input a few variables and watch as your simple pay back rate is calculated. Find the calculator online here >>
Based on installation and EVSE cost, allocate budget, sign contracts, submit materials for incentives, and order charging station(s).
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