FOR PROPERTY OWNERS, THAT DEMAND TRANSLATES DIRECTLY TO COMPETITIVE POSITIONING.
“EV charging has moved from a nice-to-have to a lease-renewal driver,” says Will DeRuve, Chief Commercial Officer at Nayax Energy. “Property owners who invest now — even without the federal tax credit — are positioning themselves ahead of a wave that isn’t going to recede. The residents driving this demand are exactly the kind of long-term tenants operators want to attract and keep.”
WHAT’S STILL ON THE TABLE: STATE AND UTILITY INCENTIVES The expiration of the federal credit doesn’t mean property owners are on their own. State programs and utility-funded incentives remain active across the country, and in many cases, these programs are substantial. Utility Make-Ready programs which cover the cost
been cost-prohibitive. Several states have also enacted their own incentive structures independent of federal policy. New York’s Alternative Fuel Vehicle Fueling Infrastructure tax credit, programs administered through NYSERDA, and similar offerings in California, Colorado, Massachusetts, and other states continue to offset installation costs meaningfully. The Bipartisan Infrastructure Law’s NEVI program, separately funded from the now-expired tax credit, also continues to direct billions toward EV infrastructure development that can benefit properties in eligible corridors and communities.
of electrical infrastructure upgrades needed to support EV chargers are among the most valuable and least-utilized resources available to multifamily owners. National Grid, for example, provided Parkway Condominiums in Niagara Falls, NY with more than $10,000 toward infrastructure costs through its Make-Ready Incentive program, funding a full EV charging deployment that would otherwise have
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