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February 2, 2022Solar & EV Charging for Commercial & Industrial Buildings
Solar & EV Charging for Commercial & Industrial Buildings
Commercial Solar solutions have proved to boost the net operating income and cap rate for many commercial and industrial buildings – EV Charging Stations (EVCS) add even more value by adding amenities to the property or even cash generated through an EVCS revenue share program as users can pay to charge.
Creation of the “Smart Building”
Attractive features for prospective tenants, commercial solar, energy storage systems and EV chargers can all synergize together to drastically reduce electricity bills and significantly increase cash flow. Utilizing rooftops and other available space, many agricultural, commercial and industrial businesses harness the sun to offset electricity costs through sustainability.
When used in tandem with commercial solar, which generates the free electricity used in the chargers, EV charging stations add another layer of “smart” features to buildings looking to modernize and show their commitment to sustainability.
How it Works
Public or private, an EVCS could bring extra traffic to a property by public users paying to charge their electric vehicle, or a private business could provide employees with the benefit of free charging.
With no maintenance required, commercial and industrial property owners will find adding this new facility feature is a great way to help meet environmental goals and show their core values while providing a valuable service to help meet rapidly rising EV charging demand.
EVCS Incentives Available
Similar to how so many businesses have capitalized on commercial solar, in California, there are incentives available for installing EVCS – dependent on location. Lucrative incentives that can reduce equipment, installation and project costs are available depending on the utility, for example here is what’s offered from LADWP, PG&E, SCE and the California Electric Vehicle Infrastructure Project.
Just like solar, more savings on this investment can be found through bonus federal and state depreciation. Unfortunately there is no federal incentive equivalent to the Solar Investment Tax Credit anymore as it expired as of the end of 2021.
Sustainable Future-proofing
As EV adoption grows, join the increasing number of office buildings, retail spaces, hotels, fleet and public parking that are benefiting from commercial charging stations in their parking lots. EV charging stations are more than just convenient, they improve property value while boosting employee, customer and visitor satisfaction. A popular feature for tenants, can either be offered as a free amenity or monetized to generate income, Electric Vehicle Charging Stations are a great addition to commercial and industrial buildings.
Paired with the proven bill savings of commercial solar, Revel Energy is focused on helping commercial and industrial businesses increase their cash flow by adding features of the future like Solar and EV charging stations to your property. Contact us today to start the process of understanding what solution is the best fit for your business.
Commercial grade rooftop solar is ideal for: manufacturing, warehousing, logistics, industrial, retail, hospitality buildings and more with over 10,000 sq. ft. rooftops.
CARPORT SOLAR
Free standing carport solar generates added solar power for properties with limited rooftop space. Added benefits include shading and protection for employees vehicles.
Crucial for reducing peak demand charges. Automated to supply electricity when your panels won’t. Energy storage is ideal for businesses that incur significant peak hour charges
As the popularity of electric vehicles increase, so does the demand for on-site charging. This sustainable amenity has become a parking lot fixture for competitive employers.
Revel is on a mission. Dedicated to renewable energy solutions since 2009, Revel Energy was formed to provide Commercial, Industrial and Agricultural businesses with alternative energy beyond solar. Revel stands out from the competition by paying attention to what makes good business sense to each individual client, implementing a wider range of technologies to free up capital and make businesses sustainable and more profitable.
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Client Testimonial: Kelemen Company
Corporate Business Park in Irvine, CA has created significant electricity cost savings through commercial solar installed across the 5-building business park.
Client Testimonial: Tice Gardner & Fujimoto LLP
See how this CPA firm saved on electricity and gained valuable tax credits through commercial solar that they used to keep cash in the businesses.
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