Has anyone invested in a Electric charging station?

Question

Seems like a great way to cash flow on commercial land. Would love to connect with anyone that has.

Chris Seveney · Answer

@Eliott Elias

Check zoning as it may not be allowed. We looked to do this and solar panels on a commercial site and they are an allowed accessory use- not a primary use therefore we could not do it without building a building on the land as a primary use.

Ronald Rohde · Answer

I replied to your PM, but didn't see this yet. Raw land with no other attractions doesn't seem worth it IMO. Its an accessory thats barely breakeven...

Tyler R. · Answer

Granted I'm not an expert, I would re-iterate what @Ronald Rohde said.

We were putting them in as part of new 200-300 unit MF and BTR Town-home developments in the SE, maybe 6-12 stations per development. Based on estimated revenue data from Chargepoint and Envirospark, the fee revenue is unremarkable.

Case and point: If these companies lease the stations, they keep all the revenue (or at least 90%). They said they don't make the initial installation and station cost back until years 12-15 (which is why they have a long lease period).

John M. · Answer

Ronald,

I have two restaurants on a hard corner. I always thought it would be a good idea for people to charge while they are eating. The wawa across the street has them but there is nothing on our side of the streeet. What do you think?

Ronald Rohde · Answer

I've done lots of research on these for my properties. There some use cases for retail sites that need tenant amenities. Otherwise, unless you're including it in new construction, its not a good ROI purely on elec fees.

What type of property are you considering?

Kevin Rodgers · Answer

I agree with @Tyler R. I don't see many property owners trying to install these for a revenue stream. The infrastructure to install is decently expensive. Especially the L3 chargers. If you are trying to add it as an amenity, then there are plenty of companies out there that will work with you to install them on their dime, but it has to make sense with their business model. For example, Volta is an electric charging company that has advertisements on the LED screens on the chargers. They make revenue on the advertisement, so they want these located in highly trafficked areas. You may also approach your local utility that may have some partnerships with EV charging companies.

Ronald Rohde · Answer

What type of charger? Have you observed them being used? Are they ever full? I'd check online the EA or chargepoint websites, what does coverage look like in your town?

Eliott Elias · Answer

I have Raw land in an area that doesn't have any charging stations in it. No ameneties yet, but considering developing something to keep the customers entertained.

Has anyone invested in a Electric charging station?

Has anyone invested in a Electric charging station?

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