EV Charger Financial Incentives for Hotels
Is your hotel thinking about accommodating electric vehicles (EVs)? With the number of EV drivers on the rise, there are both opportunities and financial incentives for hotels to get ahead of the trend by offering guests a place to charge.
Only 26.6% of American hotels have installed EV charging stations on their property. Many businesses begin their EV charger projects by asking about the cost of EV chargers. However, successful projects begin by analyzing business goals first and then figuring out how to get there. Many factors influence the cost of EV charger installation. And there are many financial incentives available to your hotel if you know where to look and how to acquire them.
It helps to work with an experienced partner who can guide you along the way. EV charging projects are complicated, with many necessary steps to bring the project to fruition. Of course, this includes the upgrade of the necessary utility infrastructure and installation of the EV chargers themselves. As part of the process, Future Energy also helps you to apply for and obtain available financial incentives. Our consultants help your hotel find ways to reduce your overall installation costs.
The pool of funds is limited, and all businesses are competing for the same financial incentives. That’s why it’s important to get in line early to maximize the opportunity to offset the cost of EV charger installation.
Beginning the EV Readiness Journey for Hotels
Before any discussion about financial incentives, Future Energy assesses your hotel’s readiness to install EV chargers. Part of the assessment involves working with you to identify your unique business use case.
Finding and Obtaining Financial Assistance
The process of offsetting EV charger installation costs with financial incentives is complex. This is especially true for businesses with properties across state lines or even hotels in different cities.
Recognizing the Urgency of Obtaining Funds
The pool of available financial incentives is limited. Money runs out, and all businesses are competing for the same pool of funds.
Future Energy works with businesses across North America to help them obtain incentives. We understand exactly what local utilities are looking for. Proper preparation means your business gets to the front of the line to obtain financial incentives.