The HOA has received a proposal for installation of leased EV chargers. The idea is that the HOA would lease the chargers but pay for the electrical upwork and the installation/provisioning. The HOA would basically then be in the vehicle energy business for residents. That is, we would draw power from Dominion that we’d have to pay for, plus our leasing charges, etc. Then we’d have to figure out our pricing to meet our revenue target. The system would work via phone app where users would schedule a charging time and pay for how many kW-hrs that they need.
The vendor has two models available. One has a fancier display screen, but both work the same.
Option -1 Model AC5500 – Charger Details
Option -2 Model ACLF-22100 – Charger Details
Background on Atlas General Contractors
There is still a lot of information to develop regarding how much charging capacity do we need, what is our time horizon to break even, and how to manage the business process, and to do more due diligence on developing alternative bids. So to be clear this is not a project that necessarily slated to be executed any time soon. There is still a lot to work through.
Please be sure to read owner feedback/comments.