Universities and EV Chargers – What are The Financial Benefits

July 12, 2022
ev chargers and university

American drivers are shifting to electric vehicles for multiple reasons, like saving money on rising fuel costs. Americans are also becoming more concerned about carbon emissions and their effect on the environment.

However, there is a hurdle preventing some drivers from switching to EVs. They worry about finding easily accessible charging stations, and this is where universities can help fill the void. EV chargers on college campuses also benefit the universities.

Let’s take a look at some of the benefits EV chargers can bring to universities.

Universities Can Offset Installation Costs

Universities can take advantage of financial incentives that help offset the installation costs. The District of Columbia and 45 states have programs designed to encourage businesses, schools, and individuals to offer EV charging.

These financial incentives can include rebates, tax credits, utility incentives, grants, and all of the incentives are stackable. Thanks to the passage of the Infrastructure Investment and Jobs Act, funding is also available to help reduce the cost of transitioning to an electric bus fleet. The financial incentives might even result in full funding for the installation of the EV charging stations.

EV Chargers for Universities Attracts Students and Faculty

Universities depend on their students and staff. They are the heart of the campus. Students and staff consider multiple factors before deciding on a school or workplace. These often include environmental programs and amenities like EV charging stations.

Offering EV charging on the campus might be what makes an applicant choose one university over another. A 2021 Princeton review survey indicates the university’s environmental impact affects 75% of college applicants’ decisions to attend the school. With EVs becoming more common, soon most college students will be looking for EV chargers on campus.

EV Chargers Reduce Your Environmental Impact and Come with Financial Benefits

EV chargers for university campuses reduce your impact on the environment. The reduction in carbon emissions also benefits the health of the community. You are making it possible for students, staff, and visitors to keep their EVs charged. The chargers can also come with financial benefits. For example, you can allow students and staff to charge for free and have visitors pay a fee.

EV chargers for universities are the future and we can help your campus meet its sustainability goals. To speak with an Apogee Charging Solutions expert about EV charging for your campus, call 484-816-2076, email info@apogeecharging.com or schedule a call that fits your needs by clicking the button below.

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