Faith Energy

Cost Guide · Multifamily & Retail · 2026

What EV charging costs apartments, retail, and mixed-use sites.

The property version of the cost question has three answers: pay for it, split it with your utility, or have someone else pay for all of it. Real numbers for each path — from a contractor that builds all three.

Price my property The zero-capex path

The Numbers

2026 property charging costs, by deployment.

Installed totals. Multifamily enjoys the best incentive coverage of any charging category — the “after offsets” number is the one that matters.

Garage / surface-lot Level 2

$3,000–$10,000 per port installed. Networked hardware with resident billing. Panel proximity and conduit distance set where you land in the range.

Starter resident amenity (4–8 ports)

$20,000–$70,000 before incentives. Load-managed to avoid service upgrades, billing-enabled, and conduit-sized for the ports you’ll add later.

Retail / guest DC fast charging

$90,000–$200,000 per unit installed — or $0 under an owner-operator agreement where the operator funds and runs it on your parking.

Load management layer

Often the difference between $0 and $80,000+ of service upgrade. Software shares the panel’s spare capacity across ports instead of buying new capacity.

Utility make-ready coverage

Frequently 50–100% of the electrical infrastructure on multifamily-qualified programs — the single biggest line-item eraser in this category.

Operating costs

$200–$700 per port per year software, recovered through resident billing; idle fees keep the spaces turning; reporting satisfies ownership and ESG asks.

The Third Path

You provide the parking. Someone else provides everything else.

For qualifying properties, Faith Energy funds, builds, owns, and operates the charging itself — a zero-capex amenity for your residents or customers, delivered by the same crews that build our client-owned projects. Retail and mixed-use sites with strong traffic suit DC fast charging; resident parking suits Level 2 through partner operators. If the site qualifies, the cost question disappears entirely.

See if your property qualifies

Straight Answers

Property questions we answer every week.

What does charging cost per apartment parking space?
$3,000–$10,000 per port installed for networked Level 2, before incentives — and multifamily incentives are the most generous in the industry, commonly covering 40–70% when make-ready programs and the 30C credit stack.
Can I bill residents for the electricity?
Yes — per kWh or per session, resident-only access or guest rates, waitlists and idle fees included. The software recovers your electricity cost and can fund the maintenance plan.
How many ports should a property start with?
Typically 4–8 ports for the first phase, with conduit and panel space sized for triple that while the trench is open. Expansion demand follows quickly; re-trenching is the cost you never want to pay twice.
What if I don’t want to own chargers at all?
The owner-operator model exists exactly for you: an operator — Faith Energy directly, for qualifying sites — funds, installs, owns, operates, and maintains the charging on your property. You contribute parking and gain the amenity.

Next Step

Send the property. We’ll send all three paths, priced.

Address, parking layout, and a photo of the electrical room — our engineers return the owned, the utility-offset, and the zero-capex options side by side.

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