Considering offering Electric Vehicle (EV) charging capabilities in your vacation rental home? Over the past few years, we have identified a trend of an increasing number of Guests traveling in electric vehicles. Many of these Guests are inquiring about places to charge on the Island, and several have inquired if any homes offer this charging capability.
If you are considering adding this increasingly popular amenity to your home, here are a few things to think about;
What are the benefits?
More and more electric cars are projected to be released each year. Chevrolet, Ford, GMC, Honda, Mazda, Mercedes, Rivan, Tesla, Toyota, Volkswagen, Volvo, and many more all have current or upcoming models coming to the market. It is no longer uncommon to see a Tesla on HWY 12.
According to real estate experts, over 100 new EV models will hit the market by 2022, and over $1B in incentive programs for EVs and EV infrastructure is working to facilitate its growth.
In more remote areas, like Hatteras Island, the number of available charging stations In more remote areas, like Hatteras Island, the number of available charging stations lessens in public spaces. Although Hatteras Island does offer several charging stations, it is nowhere near enough to accommodate the increasing number of commuters traveling in their electric vehicles.
Consequently, this is an unique opportunity for your property to stand out. Consider offering a home that is top of mind for the EV-driver market and increase the value added.
Which charging station should I use?
We partnered with Cape Hatteras Electric Cooperative to relay the following product recommendation; Level 2 ChargePoint Home Flex.
With this option, Cape Hatteras Electric Co-Op (CHEC) offers a bill credit of $100 to residential customers.
This charger includes an app. The app allows for users to schedule their ChargePoint operations to charge only when electricity is cheapest.
All usage data is viewable via remote app and installation and other guides are provided HERE
How do I install my EV charger?
A qualified local electrician can provide installation services
Do non-EVs also use the charge ports?
No, unless specified otherwise by the Homeowner. As a default policy, OBR does not allow non-EVs to use residential charging ports. We do strictly enforce this policy.
In addition, with the ChargePoint app energy usage is trackable instantly, easily, and remotely.
What economic effects will an EV charger have on my operating costs?
The US Federal Tax Credit gives individuals 30% off a ChargePoint Home Electric Vehicle charging station plus installation costs (up to $1,000). Must purchase and install by December 31, 2021, and claim the credit on your federal tax return.
Cape Hatteras Electric Co-Op (CHEC) offers a bill credit of $100 to residential customers who install a Level 2 EVSE in their Hatteras Island home.
- One-time $700 price for the ChargePoint Home Flex Level 2, 240-volt charging station.
- One-time electrician service charge for installation
- Estimated recurring costs, according to CHEC, are roughly 1kWh per hour at an average of 15 cents per kWh. The estimated cost for 24 hours, would be approximately $3.60/day.
- Purchase a ChargePoint Home Flex
- Coordinate install with electrician
- Apply for a rebate with CHEC
- Notify your OBR Property Manager and have your home added to the amenity list
Check out our list of properties that offer home EV chargers