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By installing renewable assets like solar arrays on your property, you can generate clean energy and use it to help power your EV chargers. This allows you to reduce your reliance on price-volatile grid electricity, thus decreasing your annual operating expenses and boosting net operating income.
Collecting a nominal charging fee from your tenants unlocks a new revenue stream that can help offset EV charger installation costs. These fees are typically charged on a per kilowatt-hour basis and paid through a mobile app, at a kiosk, or via a card reader directly on the charger.
Disclaimer: The ROI calculator provided on this website is intended to offer a general estimate and is not a substitute for professional financial advice. The accuracy of the results depends on the accuracy of the data entered, and the results may not apply to your individual circumstances and cannot be relied upon for financial or other planning purposes. Please consult with a qualified financial advisor before making any investment decisions related to providing electric vehicle charging infrastructure for public or private use based on the information provided by this calculator. The computations performed by this ROI calculator are based, in part, on information and assumptions provided by you, along with assumptions and variables related to installation and maintenance costs, permitting, the cost of electricity and petroleum, grid stability, local regulations, competition, future demand and other factors related to the ownership of electric vehicle charging stations. Given the variability of inputs, that may be based on historical or current data, the actual results of this ROI calculator are not guaranteed to be accurate, complete or timely.
This ROI calculator is made available on an “as-is” basis and we make no warranty, express or implied, as to the accuracy, reliability, or completeness of the information provided by this calculator. We are not responsible or liable for any errors or omissions in the calculations or for any losses or damages whatsoever, including direct, indirect, incidental, special, punitive or consequential, arising from the use of this calculator.
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