Charging for Multi-Unit Housing Owners
Home is where the heart is. It's generally the most convenient place to charge an electric vehicle (EV), too. With more and more folks embracing EV technology, consider installing charging equipment for your tenants. Everyone benefits when you bring the practical perks of on-site EV charging to your lot or garage.
Why add EV charging to your rental property?
As EV adoption increases, more renters are seeking properties that feature the convenience of vehicle charging. By offering EV charging at your property, you can appeal to this growing demographic, potentially reducing vacancies and turnover.
EV charging equipment can also be a source of revenue. You can generate additional income by charging a fee for tenants to charge their electric vehicles at your property.
Finally, tax credits and other incentives may help offset your installation expenses, making for a more affordable investment.
Charging incentives and financing
There are many factors that impact the total cost of charger installation, including the type of charging equipment, the amount of sitework needed, and whether you need to upgrade your electric service. For a detailed breakdown, visit our Charging Installation Guide. The good news is there are several incentives available to help defray the upfront cost of installing EV charging at your rental property.
Browse incentives
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In certain parts of the state, you can get up to 100% of your costs covered. Seriously, 100%. Check your eligibility and funding availability at Charge Vermont.
- Charge Vermont incentive
- See details
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Most Vermont electric utilities offer an incentive for installing EV charging stations in public locations. See which incentives you qualify for by visiting the Incentives page, or contact your utility directly.
- Electric utility incentive
- See details
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To help incentivize EV adoption, there is a federal tax credit for installing charging infrastructure in qualified locations across the country. For commercial properties, the credit can cover up to 30% of the equipment and installation costs, up to a maximum of $100,000 per charging port.
- Federal tax credit
- See details
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Low-interest financing is available to qualified business, nonprofit, and public sector customers in Vermont offering public charging. Financing is subject to credit approval and execution of standard documentation. Learn more by visiting the Vermont Economic Development Authority (VEDA).
- VEDA financing
- See details
Multi-unit housing challenges
Charging stations in multi-unit residences like apartments and condominiums may present unique challenges, particularly if there are not dedicated spots available for residents to charge. Some states and municipalities outside Vermont have passed “Right to Charge” requirements for homeowners’ associations or landlords to allow residents to install EV charging at their own expense when feasible. Efforts to pass similar legislation in Vermont stalled in 2024, but it could come back for consideration.
Please contact Drive Electric Vermont if you live in multi-unit housing and are not able to charge. We'll do our best to help out.
Get started
Game for adding EV charging capabilities to your property?
Schedule a free consultation for personalized, expert advice on how to proceed. A member of the Drive Electric Vermont team will be happy to answer any questions you may have. They can also provide the following support services:
- A site visit, which may also help identify necessary upgrades for charging equipment
- Recommendations about which charging level to choose (Level 1, Level 2, and DC Fast Charging) and networked vs. non-networked charging
- An overview of managed charging technologies that may help reduce your operating costs
- Strategies to minimize total expense and maximize the available incentives
Charging Installation Guide
Ready to dive deeper? Check out the Charging Installation Guide for details about planning your charging stations, calculating costs, and more.