If you’re seeking top dollar for your home and competing at the luxury end of the market, installing an EV-charging station will help you stand above the rest.
All buyers love technology in the home, and the degree to which you go to impress prospective buyers largely depends on the market you’re seeking to attract.
For example, a state-of-the-art security system, including electronically locking doors and CCTV, can appeal to the mid-range and upper tiers of the market.
And while an EV charger might seem extravagant now, they’ll be commonplace soon enough as folks tire of paying crazy gasoline prices and can afford to upgrade their vehicle to hybrid or electric models.
Offering an EV charger will ease many folks’ so-called “range anxiety” and a fear that they’ll have trouble recharging because of the demand for publicly available charging stations.
While there is an ever-expanding network of charging stations across America, there’s no denying it takes much longer to recharge an EV than pour a few gallons in the tank.
Below are some hot tips on purchasing an EV charger if you believe it’s an option for you, or it’s a smart way to upgrade your property before a sale.
Do your research
There are single and three-phase chargers, each coming in three levels. So, the technology must meet your needs or those of a prospective buyer. Seek advice from professional installers.
Specialist job
Thousands of electricians are now training to install recharging stations. That’s because chargers have a high amperage and are potentially lethal if installed incorrectly. So, plan an installation with a licenced operator as there may be a waiting list.
Timing a purchase
While it’s not essential, installing a charger before buying an EV might be a good idea. With the backlog of orders for most EV models due to supply chain issues, you may wait longer for your vehicle than a charging station.
Sunnyside up
Many folks going down this path are also installing the latest solar energy panels so they can go off the grid. That means the energy for their vehicles comes from Mother Nature. Her prices stay pretty steady compared with utility companies!
Is it worth it?
That depends on how much you use your vehicle and whether you charge during peak or off-peak times. If you take power off the grid, an EV is approximately 70% cheaper to run. Everyone’s situation will be different, so run your own numbers.
Popular purchase
You’ll most likely buy a single-phase Level 2 charger, which costs $900-$3000, plus installation. It’ll charge enough in an hour to give you a 25 mile range. A three-phase charger offers a 100 mile range in the same time, but it’s more expensive. If you have to upgrade your switchboard to handle the additional supply, that’s an extra cost.