Essential Guide: EV Charging Basics for Modern Property Development

Essential Guide: EV Charging Basics for Modern Property Development

By Michael Harrison

March 5, 2025 at 08:55 PM

Electric vehicle charging infrastructure is becoming essential for new property developments due to increasing EV adoption and regulatory requirements. Here's what property developers need to know:

EV Infrastructure Requirements

The 2021 International Energy Conservation Code (IECC) mandates EV charging infrastructure for new construction projects, including:

EV charging basics infographic

EV charging basics infographic

Charger Types and Specifications:

  • Level 1 (AC)

    • Standard 120V outlet
    • 2-5 miles range per hour
    • Best for long-term parking
    • Lowest cost option
  • Level 2 (AC)

    • 240V circuit
    • 10-20 miles range per hour
    • Most common for commercial/residential
    • Requires outdoor NEMA enclosures
  • DC Fast Charge

    • 480V input
    • 60-80 miles per 20 minutes
    • Ideal for retail/short-term parking
    • Manufacturer-specific connectors

Cost Benefits of New Construction vs Retrofitting

Installing during new construction offers significant advantages:

  • Avoids costly demolition and repairs
  • Eliminates need for retrofit conduit runs
  • Reduces overall installation costs
  • Increases property competitiveness
  • Provides modern amenities for tenants

Available Incentives

Federal Tax Credits:

  • 30% of hardware and installation costs
  • Up to $30,000 for commercial installations
  • Retroactive to 2017
  • Non-refundable credit

State/Local Programs Include:

  • Southern California: Up to $80,000
  • Connecticut: 50% of costs (max $4,000)
  • Colorado: Up to $50,000 (80% of costs)
  • Maryland: 40% of costs (max $4,000)

Charging Station Revenue Options:

  1. Direct payment collection
  • Install metering devices
  • Payment processing equipment
  1. Fixed monthly rate
  • Based on estimated usage
  • Simplified billing
  1. Include in fees
  • Add to maintenance/rental costs
  • Studies show tenants willing to pay premium

Condo building with EV charging station

Condo building with EV charging station

The investment in EV infrastructure during new construction provides long-term value through incentives, increased property appeal, and growing demand for sustainable living options.

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