Last Updated: December 11th, 2023 | Multifamily
Home is where the heart is – and where an electric vehicle driver is most likely to recharge. Residential property managers stay ahead of the curve by installing EV charging solutions for apartments and condos. Installing EV charging is a savvy business move that attracts and retains tenants, helps you achieve occupancy goals, and proves sustainable practices that your corporate team will care about when it comes time to complete Environmental, Social, and Governance (ESG) reports. In this blog post, we’ll explore how to build a compelling business case for EV charging infrastructure at residential properties.
It’s a fact that more and more electric vehicles are hitting the road; 1 million new EVs were registered in the United States before the end of 2023. As the automotive industry shifts to sustainable transportation, there is a unique opportunity in multi-unit dwellings and shared residential properties. Property managers can tap into this rapidly growing market by installing network-connected EV charging stations, anticipating future renters’ needs while servicing current tenants who have already asked for apartment EV charging solutions. The next question is how to charge tenants for EV charging services and how to make the most from the eMobility investment.
Installing network-connected EV chargers is designed to streamline responsibilities. Leverage automated software to simplify operations and minimize the daily workload for management and on-site teams. With the right software solution, EV charging stations can be managed remotely, reducing the need for on-site oversight. Settings like pricing, public or private availability, and designated receiving bank account are decided one time. After that, the software automatically takes care of the networked stations.
This automated EV charging experience offers unparalleled convenience for tenants. User-friendly interfaces allow them to schedule, monitor, and pay for charging sessions. A seamless and reliable amenity experience adds significant value to your living community. Noodoe EV OS offers a 98% uptime guarantee, meaning your tenants only miss out on charging sessions if another tenant parks first.
On-site teams face numerous responsibilities with fixed resources. However, automating EV charging operations means your people can focus on critical tasks without the need for constant monitoring of the charging infrastructure. Smart management software handles everything from maintenance alerts to payment processing, freeing time, energy, and resources.
EV charging management software updates the status of your residential EV chargers and their capabilities by the minute. With Noodoe EV OS, property managers can access session summaries, energy use, and station health data. Informed decision-making and proactive maintenance options are on a single digital dashboard. For example, select settings to charge tenants for EV charging according to energy use and include additional costs in monthly utility bills.
Following the initial investment of software-connected EV charging stations come long-term cost savings and scalability options. Automated operations reduce labor costs, and condo-specific EV charging software solutions allow for seamless expansion as demand grows. Incentives and rebates can offset installation costs – reach out to the Noodoe team today and we will help you find the perfect funding program.
EV charging is not just about operational efficiency—it’s a visible commitment to sustainability in your community. Potential renters increasingly value environmentally conscious living, and showcasing your property as a leader in sustainable practices can attract their interest.
Technology is evolving rapidly across all sectors. Invest in smart apartment electric vehicle charging solutions today before they become a necessity tomorrow. As the EV landscape advances, having adaptable and advanced charging infrastructure ensures your community remains ahead of the curve.