EV Charging for Property Managers: 4 Key Considerations

As electric vehicles become more popular, property managers face a growing demand to install EV charging stations for condos. This upgrade not only boosts property value but also attracts eco-conscious residents. However, the process requires careful planning, from assessing infrastructure needs to selecting the right EV charger model. This guide will give you a rundown of the critical factors property managers must consider when installing EV charging stations for condos and highlights key aspects of EV charging for property managers.

1. Assessing Infrastructure Requirements

The first step in installing EV charging stations is evaluating the building’s existing infrastructure. EV chargers demand significant electrical power, so upgrades to existing panels or the addition of new panels may be necessary. Here are key factors to decide when assessing your building’s infrastructure.

1. Understand your electrical system: Assess incoming power (voltage/amperage), peak demand, and available spare capacity.

2. Evaluate the parking garage layout: Consider the size and number of parking levels to ensure chargers are accessible and well-distributed.

3. Review current inquiries: How many owners have expressed interest in EV charging? Conducting a survey can provide valuable insights into demand.

4. Determine the size of the EV charging infrastructure: Start with 1-2 panels and plan for future expansion to accommodate increasing demand.

5. Understand key technology options: Compare the benefits of smart panels versus smart chargers to select the best EV charging solution for your condo.

2. Private vs. Shared EV Chargers

There are two main installation options when installing EV charging stations for condos, private and communal/shared EV chargers. 

Private EV chargers are individual charging stations installed in the parking spots of EV owners. Each resident is responsible for the costs of installation, electricity usage, and maintenance. This is an easier and low-maintenance option for property managers since residents are responsible for installation and maintenance costs. Shared chargers available to all residents, funded by the property. While this gives residents easily accessible charging, it also requires a larger investment and ongoing management from the property board.

Choosing the right type of EV charger for your condo is a key component of successful EV charging for property managers. Learn more about the difference between private and shared EV chargers.

3. Cost Considerations

The cost of installing an EV charging station in a condo parking spot typically ranges from $5,000 to $10,000 and varies by factors such as the existing electrical infrastructure, distance to electrical rooms, and the number of chargers being installed.

Longer wiring distances and Wi-Fi upgrades can increase costs, while EV charger rebates covering up to 50% and bulk installations can reduce expenses.

For more information on specific costs associated with EV charging for property managers​ and installing chargers in condo parking spots, read more on cost to install an EV charger in a condo.

4. Billing, Monitoring and Maintenance

Efficient cost management and maintenance are essential for the success of EV charging stations for condos. Customizable billing structures can be set up to charge users based on energy consumption, charge time, or pricing tiers for guests and residents to optimize use and/or minimize loitering. Learn more about EV charging rates and how much it costs to charge your electric vehicle.

Maintenance agreements can simplify repairs, reduce downtime, and ensure long-term reliability. metroEV uses a non-proprietary system, Open Charge Point Protocol (OCPP),  which provides flexibility in choosing service providers. 

Next Steps for installing EV Charging Stations for Condos

Partnering with a reliable and experienced provider like metroEV simplifies the process of EV charging for property managers​. From infrastructure assessments to installation and ongoing support, metroEV’s expertise ensures seamless EV charging for property managers.

Contact MetroEV for a personalized EV charger quote and expert guidance. Our team will help you choose the right model, ensuring a seamless installation that meets your building’s unique needs.

Related articles:

What Is The Best EV Charging Solution For Your Condo Building?

A Guide to EV Charging Solutions for Ontario Condos and Multi-Unit Residential Buildings

Private or Shared EV Chargers? How to Choose the EV Charging Solution for Your Condo Building

How Much Does It Cost To Install An EV Charger In My Condo Parking Spot?

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