Sales of electric vehicles (EVs) are surging, while new car sales overall are skidding, according to Kelley Blue Book. You likely have more questions than answers about how the EV revolution and EV charger integration will affect business. How will you be able to power a full inventory of electric vehicles? In part due to … Read more
In January 2021, President Biden outlined a federal plan to achieve net-zero emissions by 2050. As part of the strategy, the federal government established grant and incentive programs to spark the installation of 500,000 EV charging stations by 2030.
In the same way, New York State has pledged up to $250 million through 2025 to build EV charging stations throughout the state through its EVolve NY program. In fact, New York is second only to California in the scope of its financial commitment to EV charging station infrastructure. Financial incentives and grants are available for businesses who wish to explore EV charging station installation in New York.
There are three levels of EV charging stations: Level-one chargers are primarily for home use and can charge from a residential 120-volt outlet. Grants and incentives for New York businesses focus primarily on level-two and level-three EV chargers. Level-two chargers use 240 volts and can give an EV 30 to 50 miles of charge an hour. Level-three superchargers, or DC fast chargers, can fully charge a vehicle in less than an hour. See our Inventory EV Charge-Cycle Chart below for more information.
So how do you know which EV charging station is right for your business? And where do you begin to explore EV charger installation? A consultant such as Future Energy can help you identify ways to offset the cost and make the most of your EV charging station installation in New York.
What Programs Does New York Offer for EV Charging Station Installation?
New York offers a number of programs that offset the cost of EV charging station installation. In fact, Future Energy has an EV Charging Station Financial Incentive National Database (or “FIND”) that uncovers every possible money source at the federal, state, and local levels.
New York developed its Make-Ready Program to offset the cost of EV equipment and electrical infrastructure for companies who seek to install EV charging stations. If you participate in the Make-Ready Program, you can install level-two or three chargers at little or no cost.
However, the six local New York State utilities require that you work with an Approved Contractor to participate in the Make-Ready Program.
As an Approved Contractor, Future Energy works with New York businesses not only to identify and procure funding but also to ensure that you fill out your applications correctly.
The Make-Ready Program requires you to submit a detailed site plan with specific parameters before installation begins. Plus, your EV chargers must connect with the local utilities through cloud-based software to monitor electrical usage.
Federal Tax Credit
Your business can stack state and local incentives with a proposed extension of a federal tax credit. Until January 1, 2022, the tax credit had covered 30% of costs up to $30,000 for commercial EV charger installations. The Build Back Better Act proposes extending the credit for projects through 2026.
Programs Awaiting Funding
The Charge Ready NY Program, which awarded $4,000 per installed EV charging point, has exhausted its available funds. Similarly, the Municipal ZEV Infrastructure Grant Program is awaiting an additional round of funding.
Consultants such as Future Energy keep an eye on the funding application cycle. Future Energy can alert your company to potential renewals in the pipeline and proactively file your application so that you’re at the front of the line.
What Challenges Does New York City Face in EV Charging Station Installation?
New York City is trying to spur private investment in EV initiatives. By 2030, New York’s Electric Vehicle Vision Plan seeks to create 40,000 public level-two chargers and 6,000 level-three chargers citywide to serve a target 400,000 EVs. Future Energy can help your business take advantage of these initiatives while addressing the city’s particular challenges.
Navigating a Congested Power Grid
A dramatic increase in the number of EV chargers in the city could put additional strain on an electrical grid that is simultaneously trying to reduce carbon emissions in other ways. New York City is hoping for 100% renewable energy use by 2040. That means stoves, water heaters, and other appliances will be going electric.
Harnessing Complex Infrastructure
New York City’s complex infrastructure presents challenges. First, it’s costly and difficult to extend power lines in a densely populated city. In some cases, local utilities will have to install additional transformers to handle the increased load that EV chargers will require. This process, coming from the utility companies can have a wait time of 6 to 24 months, and is expected to increase with EV charging demand.
Plus, New York City is the most congested city in the United States, according to the INRIX 2021 Traffic Scorecard Report. This strains parking, which in turn affects EV charging stations. Even a DC fast charger requires a car to park for at least 30 minutes to charge fully.
Addressing Underserved Communities
The Make-Ready Program has set aside $206 million specifically to benefit disadvantaged communities in New York. Disadvantaged communities meet certain criteria in socioeconomic standards, environmental pollution, or public health. Future Energy can help your company address city and state goals to support underserved communities.
How Does a Consultant Help You Plan for EV Charging Station Installation in NY?
As an Approved Contractor, Future Energy understands the challenges particular to New York. Future Energy works with your company to set realistic expectations and timelines so that your milestones integrate with your business strategy, and your business gets ahead of the infrastructure installation curve with utility providers.
The landscape for EV charging station installation in New York is complex. Future Energy has the experience and the expertise to navigate your company through the process, from strategy to site survey to installation of your EV charging environment.
The integration of your EV charging stations with the rest of your company’s electrical systems helps manage your power usage.
Future Energy has developed a software platform that works with the rest of your company’s electrical systems. Maestro™ adjusts your company’s electric use proactively in real-time so that you never exceed peak load. For example, Maestro can help businesses in upstate New York reduce costs by taking advantage of the utility’s time-of-use rate.
Several incentive programs in New York already have depleted their funds. Don’t get left behind in the next round of funding. Future Energy is constantly monitoring all available grants and incentives at the state and local level.
Where Do I Start with EV Charging Station Installation in New York?
There’s statewide momentum toward building a robust EV charging station infrastructure. Future Energy’s FIND tool identifies every available incentive to offset up to 100% of your cost. Contact Future Energy today to find out how our expertise in New York helps your business.