About the Rebate Program
Electric vehicle adoption is expected to speed up over the next two decades—the US electric vehicles market is expected to reach 6.9 million unit sales by 2025. Property owners and managers need to be ready to meet the charging needs of the millions of new EV drivers expected to hit the road.
New York and other States are offering to cover the costs of installing EV chargers and related electrical equipment, all at no cost to the customer*.
$234M in incentive funds for customer and utility side work to provide service to L2 and DCFC chargers in NYC and Westchester. By 2025 Con Edison's project goals are to install 18,539 Level 2 Chargers.
All charging stations in the EV PowerReady Program must operate for a minimum of
five years. Quarterly reporting on charging station operations required for the following 5 years
PowerReady incentives can be layered with other NY State incentive offerings
SmartCharge NYC - Enrolled vehicles can receive a $/kWh incentive and a monthly incentive during summer months for charging off-peak.
Open to light-, medium-, and heavy-duty vehicles charging in the Con Edison territory
Business Incentive Rate (BIR) - Provides reduced energy rates (~35% rate reduction) for publicly accessible fast charging stations with a minimum capacity of 100kW
Available through the end of 2025 for up to 30MW of EV charging
Advantages of EV Charging Stations
A Boast-worthy Building
- Dedicated EV charging is an amenity that can entice and retain residents, employees, or customers and demonstrate your commitment to sustainability. Plus, chargers help you earn points towards your Leadership in Energy and Environmental Design (LEED) certification.
Turn Your Parking Lot Into a Paradise
- Emission- and noise-free EVs make underground and enclosed parking structures much more pleasant. Plus, parking spaces equipped with EV chargers have a higher revenue potential than those without.
Raise Property Value
- Installing EV chargers can increase your properties value
Additional Revenue Stream
- Looking to increase revenue? It's now possible with EV Chargers. There is a variety of ways to bill for usage. Contact us to find out more!
It's Free*!
- Installing EV chargers comes at NO cost to you.
