We are excited to introduce an incentive program designed to help multifamily communities install EV charging stations!

AEP Ohio, a leading electric utility provider, is offering an incentive program to deploy 300 Level 2 charging points at apartment communities like yours. Depending on location and property type, you could receive EV charging stations for 75% off of installation and equipment costs (up to 6 charging spots). NEP is working with ChargePoint, the leading EV Charging equipment supplier, to install high quality EV charging stations to communities eligible for this program.

With over 800,000 EVs on the road already, and EV sales expected to reach 5% of all car sales by 2020, there is no better time to invest in EV charging. EV drivers are highly educated, earning twice the national average income which makes them extremely desirable renters. EV drivers want to charge at home and are willing to pay a premium for a community that offers the amenities they need. Equipping your multifamily community with EV charging stations attracts these high-paying residents, ultimately increasing your property value.

At NEP, we are uniquely qualified to help you navigate the EV landscape. Our partnership with ChargePoint allows you to receive the best charging stations possible, while receiving the benefits of our experience managing energy usage and costs. We’ll work with you to find the best solution for your community and resident demographics.

Installing EV charging stations has many benefits:

  • Increase rent, occupancy rates and property value

  • Individually bill residents based on consumption

  • Bundle a car with the stations and create a subscription model that creates NOI

  • Attract & retain high-value, green-minded residents

  • Improve your green standing and meet sustainability goals

  • Differentiate your property from competitors