Imagine being paid to help the environment. That sounds like a great deal, right? If you install solar powered EV chargers into your organization, your fleet will be able to do both as well.
Electric vehicles are gradually becoming mandatory across the globe due to their positive environmental impacts. A typical charging station is still an option for EVs, but it utilizes 40%-60% of national grid power to charge a vehicle, which is manufactured from non-renewable energy. Solar-powered EV charging stations are the solution to bring that percentage down to zero. Not only is it beneficial for the environment, but it is also a major benefit for fleets.
1. Save on Energy Costs
The average cost in the United States to use grid power to charge a vehicle is $13.31 kilowatts per hour. That cost is predicted to continue increasing over the coming years. Installing a solar system will help cut your monthly power bill by more than half. The initial cost to install solar systems into your facility may seem intimidating, but the long-term savings make up for the upfront costs.
2. Government Incentives and Tax Credit
The government offers a federal investment tax credit for the installation of commercial solar panels. A 26% tax credit will be provided for solar panel systems whose construction commenced before December 31, 2022. After 2022, a 22% credit will be provided and 10% for those commencing in 2023. You can learn about your fleet’s eligibility by visiting the US Department of Energy’s website.
There are many conveniences when it comes to a solar charging system:
The installation requires no permitting, no construction, no electrical work, and no utility bill.
One solar panel can charge up to multiple vehicles at once
EVs can be charged during power outages.
EVs can park underneath the unit, so there is no loss of parking spaces.
4. Zero Carbon Footprint
A solar EV charging station guarantees a 100% carbon-neutral footprint. Governments are asking for drivers to use EVs since they have a lesser environmental impact than internal combustion engines. Despite EVs being more environmentally friendly, they still use fossil fuels and other non-renewable energy to use the grid for charging electricity. EVs still reduce environmental impacts but using an EV charging station reduces them to zero.
5. Net Metering
Net metering is what makes a solar power system so appealing in the first place. Most of your fleet vehicles will be used during the day, so that means vehicles will be unable to utilize the daylight for charging. Thankfully, solar panels offer net metering to store the energy produced during the day into the grid. This energy can be used as a credit, so vehicles can draw back the electricity from the grid in the evening or night.
If your fleet does not use all the energy produced and has excess, it can be sold to electric companies for extra profit. The amount utility companies can pay for net metering varies by state, so be sure to check the regulations for your state.
To learn more about how to prepare for the EV charge, contact the AssetWorks team.