All Forum Posts by: Jane Chen

How much do you think a tenant would pay per month to use a charger?

How much do you think a tenant would pay per month to use a charger?

Quote from @Bruce Woodruff:

Quote from @Jane Chen:

For those who own small multi family rentals in cities, would you be open to installing an EV charger if you could increase rent by $50/ month? I think that you can break even after 2 years of having the charger and you could even charge on a /kWh basis for additional revenue. 

 Naw, $50 per month is not enough incentive for me to bother...

How about $100? What pricing level would incentivize you? Let's assume it costs $1.5-$2K to do the initial installation so breakeven in 1.5 years. Don't forget that you're also attracting a higher caliber of tenants by adding these amenities...

For those who own small multi family rentals in cities, would you be open to installing an EV charger if you could increase rent by $50/ month? I think that you can break even after 2 years of having the charger and you could even charge on a /kWh basis for additional revenue. 

Does anyone have experience with setting up EV charging on their short or medium term rentals in order to extract more in rent? I'm considering setting up a service where I could increase rent by $30-50 per month and take a cut off the tenant's electricity usage (~$20 more). Anyone have successes or failures with this type of model? 

Would love to hear feedback on this idea, whether you had personal challenges, and advice on the pricing model in particular. Thank you in advance.

Did you end up going through with chargers? Any data to show whether it is worthwhile?