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EV Charging FAQs for Property Owners
Property owners and managers ask us the same questions at the start of almost every project.
These are the answers written for the person who makes the decisions.
What does REVS actually do?
REVS handles every part of adding Level 2 EV charging to a property. That means reviewing what your electrical system can support, recommending stations that fit your parking lot, applying for the incentives your property qualifies for, managing the installation, and then running the stations once they are live.
You deal with one company instead of an equipment vendor, an electrician, a permitting consultant and a network provider.
Why should I work with REVS instead of buying from a manufacturer directly?
A manufacturer has two goals: sell as many stations as possible and sign up as many ports as possible on their network.
Those goals don't always match yours.
REVS is different because we are still there after the install. In most cases we own and operate the stations ourselves, so a station sitting broken or unused costs us directly. A manufacturer has already been paid by then.
What does it cost to add EV charging to my property?
It depends on how you want to set it up, and there are a few ways to do it:
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REVS can own the stations outright. The property pays nothing, and REVS keeps the revenue from the stations.
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REVS can finance the project instead. We cover the equipment, the installation, the permitting and the support, and you pay it back over a term of five to ten years.
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You can buy the equipment yourself, keep all of the revenue, and bring REVS in to manage the stations for a monthly fee.
Which one fits comes down to whether you want the revenue, how long you plan to hold the property, and what your capital budget looks like this year.
We walk through the options before anything is signed.
What if there is no capital in my operating budget this year?
Start with the options that cost you nothing up front. REVS owning the EV charging stations costs the property nothing at all, and financing keeps the project off your capital budget.
There's also grants and utility programs that often offset part of the cost, and many lenders allow funding out of a capital improvement escrow account for this kind of project. REVS can apply on your behalf for incentives which could potentially cover majority of the cost of equipment.
What does EV charging station financing cover?
Hardware, engineering and site preparation, permitting and utility coordination, construction and installation, warranty and service, software and network management, usage reporting and driver billing, and support for the full term.
It's one monthly arrangement rather than a list of separate invoices to chase.
Does REVS only work with one charger brand?
No.
We are brand agnostic and we recommend the hardware that fits your property, your electrical capacity and your goals.
REVS utilizes 12+ EV charging station manufacturers. We review the market continually, because every property is different.
What happens if I sell the property?
The agreement is fully assumable. It transfers to the new owner with no penalty and no disruption to the stations or the residents using them.
Can I pay the agreement off early?
Yes. You can prepay at any time with 30 days written notice, and there is no lock-in.
Can I still claim incentives if the project is financed?
Yes. Financing does not cancel out the other programs available to you, and in many cases the savings stack. Depending on your property type and location you may be eligible for federal or state tax credits, and many utilities and municipalities offer their own rebates. REVS tracks these programs and files the applications on your behalf.
How do I know whether my property can support EV charging?
It comes down to whether your existing electrical infrastructure has the capacity to carry the stations. An EV charging due diligence report answers that question directly, and it is the right first step for almost every property.
What is in an EV charging due diligence report?
The report covers an analysis of your existing electrical infrastructure, any upgrade recommendations, a deployment plan for the stations themselves, an estimate of make-ready and installation costs, and a return analysis. It also includes the financial incentives your property appears to qualify for.
How many charging stations should my property have?
Every property should start with at least two stations and a plan for adding more as demand grows. Looking further out, a reasonable planning target is station capacity equal to roughly ten percent of total parking spaces. REVS reviews your property and your resident profile to build both a near-term and a long-term plan rather than guessing at a number.
What type of charging station is right for a multifamily property?
Level 2 is the right fit in almost every case. A Level 2 station can fully charge most electric vehicles in eight hours or less, which suits a resident who plugs in overnight. Level 1 is cheaper but far too slow for anyone driving more than about 20 miles a day. Level 3 charges fastest, but the electrical infrastructure required pushes installation costs up dramatically and the return rarely justifies it at a residential property.
I have several properties that need charging. How do I decide where to start?
REVS works at the portfolio level as well as the individual property level. There are usually a number of factors in play and several decision makers who need to agree, so we put together a prioritized view based on electrical capacity, likely demand, available incentives and your capital plan. That gives everyone involved the same picture to work from.
How long does a project take?
Most projects run 30 to 120 days from signed agreement to the day drivers plug in. REVS manages engineering, permitting, construction and energization throughout, so your team is not coordinating contractors.
How do I get started?
Send us your site address and a contact info and we will schedule a site survey at your convenience.
There is no cost and no obligation for the assessment.
You can reach us by clicking the contact button below.