The Complete Guide

EV Multifamily Charging

As EV adoption accelerates, charging infrastructure is becoming a necessity in multifamily properties. Charging solutions serve as an amenity and enhance property value, attract and retain tenants, and align with regulations. This comprehensive guide explores why and how multifamily properties can implement EV charging solutions effectively.

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Benefits of EV charging stations for multifamily properties

The growing demand

The shift towards electric vehicles is undeniable. By 2030, EVs are projected to account for over 30% of new car sales in the U.S., with multifamily residents representing many of these owners. As more tenants transition to EVs, charging stations become essential amenities.

While the number of public charging stations grows yearly, global EV sales continue to outpace the development of charging infrastructure. The ratio of EVs to public charging stations is 10:1 globally and 20:1 in Canada. Property managers can’t rely on public charging to meet their EV-driving occupants’ needs as this trend continues.

Increased property value and marketability

EV charging stations enhance property value, making the building more attractive to potential tenants. Properties with sustainable amenities often achieve higher appraisal values and justify premium rental prices, providing a tangible return on investment.

Tenant attraction and Retention

Multifamily properties offering EV charging amenities are more appealing to eco-conscious tenants. These properties often see higher tenant retention rates and longer leases. Tenants who invest in EVs tend to seek long-term, sustainable living solutions, and most would pay more for that environment. 61% of renters at multifamily properties said they would pay more in rent for an eco-friendly apartment. EV charging stations are a strategic addition for property owners looking to boost occupancy rates and tenant satisfaction

Regulatory compliance and incentives

Local and federal regulations increasingly mandate the inclusion of sustainable amenities like EV chargers. For instance, California’s CALGreen Code requires new residential developments to incorporate EV infrastructure, and similar policies are emerging across the United States and Canada. Properties that proactively install EV chargers not only comply with these regulations but can also benefit from a range of financial incentives, rebates, and tax credits.

Benefits of EV Charging

Benefits Breakdown
Increased Tenant Appeal

Attracts high-income, eco-conscious tenants who prioritize sustainable living amenities.

Longer Lease Renewals

Tenants with access to EV charging are more likely to renew leases, reducing turnover and vacancy rates.

Property Value Enhancement

EV charging infrastructure enhances property value, allowing property managers to justify higher rental prices and achieve higher appraisals.

Access to financial incentives

Savvy property managers see the financial incentives that come from rebates and tax credits when investing in EV infrastructure.

Key considerations for multifamily EV charging

To successfully integrate EV charging stations into multifamily properties, property owners must address several key considerations:

Electrical infrastructure

Evaluating the existing electrical infrastructure is the first step in planning an EV charging solution. A licensed electrician should perform a load analysis to ensure that the property’s electrical panel and transformers can handle the additional demand from EV chargers. Upgrading transformers or adding new power lines may be necessary for larger installations.

Several options are available to optimize electrical capacity and manage power effectively in multifamily settings. Energy-managed meters paired with standard (non-smart) chargers can help distribute energy efficiently without overloading the system. Power-sharing solutions, such as a 4-to-1 setup, allow multiple chargers to share a single dedicated circuit, reducing strain on the infrastructure. Alternatively, dedicated circuits with panel-level power management offer precise control over individual chargers. For larger installations, building-level power management with adaptive load balancing can dynamically adjust power distribution based on demand, ensuring efficient use of available electrical capacity.

Looking to avoid the steep costs associated with an infrastructure overhaul? You can increase your electrical capacity by as much as 4X, just by implementing a power management system. These solutions also future-proof your deployment, making it easier to add more chargers over time.

Charger type selection

Selecting the appropriate charger type is critical. Most multifamily properties benefit from installing Level 2 chargers, which offer balanced charging speed and power usage, making them ideal for overnight charging. However, if the property anticipates high usage or quick turnover, Level 3 chargers (DC fast chargers) may be suitable, although they require significantly more power.

OCPP compliance is also a crucial consideration at this stage. OCPP chargers are software-agnostic, giving you the flexibility to tailor the setup to your tenants’ needs. You’ll also avoid vendor lock-in, giving you greater agility, as well as the option to mix-and-match chargers.

Parking space allocation

Allocating parking spaces effectively is crucial for EV charger installations. The optimal placement of chargers depends on the property layout and electrical setup. The pricing structure you intend could influence these decisions. You may opt to offer shared chargers with a generic surcharge added to EV drivers’ utility fees or dedicated chargers with energy costs passed through directly. The latter will require dedicated parking spaces and, hence, more logistical planning. In either case, parking spaces should have clear visual designations to ensure availability. Each of these factors needs to be considered when installing chargers to save time and money.

Networked vs. non-networked chargers

Networked chargers provide advanced features like remote diagnostics, usage tracking, and billing integrations, making them ideal for larger properties with multiple tenants. Non-networked chargers are simpler and cheaper, offering a straightforward solution for properties with limited demand or budget constraints. Both choices are valid. If you choose OCPP hardware, you’ll always have the flexibility to add software as the property’s needs evolve.

Payment Options

Property managers have several billing options to consider. One approach is a flat rate added to tenants’ monthly bills, providing predictable costs. Alternatively, billing per kilowatt-hour (kWh) used can be added to bills, ensuring tenants pay only for what they consume. For a more immediate option, kWh billing at the time of dispense allows users to pay directly as they charge, offering flexibility and transparency in usage costs.

Smart charging features for multifamily properties

EV charging software offers advanced features that can enhance the efficiency and management of multifamily EV charging setups. FractalEV chargers come with built-in software for seamless control, and with OCPP compliance, buyers have the flexibility to integrate different software solutions if desired.
To dig deeper, review our Complete Guide to EV Charging Software.

Power management

Optimize energy distribution across multiple units by integrating smart charging systems with dynamic power management technology. This integration ensures that the property’s electrical capacity is used efficiently, preventing overloads during peak demand periods.

Reporting and analytics

Monitor usage patterns, energy consumption, and charger performance with detailed reporting and analytics. A data-driven approach like this helps property managers optimize charging efficiency, forecast future needs, and manage operational costs effectively.

Software integrations

Integrate EV charging software with building management systems to consolidate energy data and streamline operations. This integration enables real-time monitoring and control, simplifying the management of energy usage across the entire property.

Remote monitoring

Monitor charger status, track usage data, and perform remote diagnostics to reduce maintenance time and improve efficiency. Remote reboot functionality allows property managers to reset EV chargers as needed without a site visit.

Billing and energy tracking

Support tenant billing systems and energy management by ensuring accurate billing and optimized energy consumption. These capabilities help property managers maintain transparency and efficiency in managing energy usage.

Access control

Restrict access to EV chargers for specific tenants or users, providing a secure charging experience. Access verification can be managed easily through mobile apps or RFID cards, ensuring that only authorized individuals can use the stations.

Trusted partners for multifamily EV charging software

FractalEV is proud to partner with some of the best EV charging software companies in the world to deliver reliable charging stations to multifamily properties.

Installation tips and best practices

Installing EV charging stations in multifamily properties requires careful planning to ensure a seamless and efficient setup. Follow these key installation tips and best practices to optimize performance, safety, and long-term scalability.
#1 Work with a licensed electrician

Partner with licensed electricians and professionals who specialize in EV charging installations. This ensures all work complies with safety regulations, minimizing risks and guaranteeing quality.

#2 Assessing power requirements

Calculate the total power needed based on the number and type of chargers planned. This assessment will help determine whether the existing infrastructure can support the additional load or if upgrades, such as expanding electrical panels, are necessary.

#3 Choose your hardware first, then your software

Hardware should be viewed as the long-lived asset and tends to be less flexible regarding future upgrades or changes. Selecting the right hardware ensures your charging infrastructure is built to last, while software can often be updated or adjusted more easily to meet evolving needs.

#4 Implement cable management solutions

Proper cable management is essential in shared parking spaces. Installing retractable systems or mounted holders keeps cables organized and minimizes tripping hazards, ensuring safety for all tenants. It’s also required to meet installation codes, so consult your electrician early in the project to include it in your estimated costs.

#5 Plan for phased implementation

A phased approach allows property owners to start with a limited number of chargers and scale installations based on tenant demand. This strategy helps manage costs and ensures the investment aligns with tenant needs.

Incentives and rebates for multifamily EV charging

Property owners can access a variety of financial incentives and rebates that make installing EV charging infrastructure more affordable. Determine which rebates and credits apply to your installations by consulting with state energy offices and utility providers. These can include both federal tax incentives and local utility programs designed to promote sustainable infrastructure.

Exploring available incentives from federal, state/provincial, and utility company programs can significantly reduce upfront costs. Use these North American rebate finders to learn more.

Example multifamily property EV charging solutions

MetroEV provides tailored EV charging solutions designed for multifamily properties, focusing on scalable infrastructure that can grow with increasing demand. They offer guidance on selecting robust hardware and support seamless integration with their management platform for optimized performance.

PlugOp offers expert guidance on creating scalable EV charging programs for multifamily properties. Their recommendations focus on selecting the right hardware and infrastructure to meet growing demand while ensuring flexibility for future expansion. PlugOp also recommends specific hardware pre-configured for its backend.

ChargeLab offers EV charging software for multifamily properties. As an OCPP solutions provider, they perform rigorous testing for compatibility and field reliability of various charging hardware. ChargeLab is considered a trusted resource for hardware recommendations in the multifamily sector.

Why FractalEV is the right choice for MURBS

FractalEV’s charging solutions are purpose-built to address the unique needs of MURBs, offering scalable charging infrastructure for property managers. Designed to simplify management while delivering reliable service to residents, FractalEV’s solutions come equipped with features that make them ideal for multifamily properties.

Key benefits include:

  • OCPP Compatibility: FractalEV chargers are OCPP-compliant, giving property managers the flexibility to choose or change software providers over time, eliminating vendor lock-in.
  • Smart Power Management: For buildings with limited electrical capacity, FractalEV’s adaptive load balancing technology distributes power efficiently across multiple chargers, avoiding costly infrastructure upgrades.
  • Comprehensive Reporting and Analytics: Gain insights into energy consumption, peak usage times, and resident charging patterns to make informed decisions and optimize energy use.
  • Access Control: FractalEV allows property managers to restrict access to chargers through mobile apps or RFID, ensuring only authorized users have access.
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FractalEV multifamily charging solutions

FractalEV provides MURBs with a robust EV charging solution that supports sustainable living, increases property value, and enhances resident satisfaction.
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