Question 1

How many EV chargers does a multifamily property need?

Accepted Answer

Industry guidance suggests planning for 20–30% of spaces to be EV-capable within the next 5 years. For a 200-unit property with 250 parking spaces, that means 50–75 EV-ready spaces. However, not all spaces need chargers immediately — many can be

Question 2

Who pays for multifamily EV charging — the property or tenants?

Accepted Answer

Several models work: property-funded with costs recovered through rent premiums ($25–$75/month), tenant-funded where residents pay per kWh used, shared infrastructure where the property builds the electrical backbone and tenants lease chargers, or third-party funded where a charging company installs and operates equipment in exchange for revenue share. The right model depends on property class, market, and tenant demographics.

Question 3

How do you handle billing for individual tenants?

Accepted Answer

Our software meters each port individually and bills tenants directly — either per kWh consumed, flat monthly subscription, or hybrid models. Billing integrates with property management software for seamless rent statements. Sub-metering ensures each tenant pays only for their actual energy use, which is critical for legal compliance in most states.

Question 4

What about properties with limited electrical capacity?

Accepted Answer

Limited electrical capacity is the most common barrier. Solutions include load management systems that share available power across multiple chargers (reducing per-charger cost), scheduled charging during off-peak hours, panel upgrades, and phased transformer installations. Wins Parking conducts a full electrical assessment and designs a phased plan that maximizes charger deployment within existing capacity constraints.

Question 5

Do EV chargers increase multifamily property values?

Accepted Answer

Yes. Studies from CBRE and JLL show that EV-equipped multifamily properties command 3–5% rent premiums and experience lower vacancy rates. In EV-heavy markets, charging has become a competitive necessity — properties without it lose prospective tenants to competitors. The capital investment typically increases property valuation by 1.5–2x the installation cost through NOI improvement.

Multifamily EV Charging & Parking Management