EV Charging + Solar: The Next Revenue Line for Multifamily Owners
Solar turns the roof into revenue. EV charging turns the parking lot into revenue. The two share infrastructure — and demand.
The revenue
Level 2 chargers in urban multifamily generate $40–$120/mo per port in usage and reservation fees. A 100-unit property with 8 shared ports lands at ~$8K/yr net after electricity costs.
The solar tie-in
- Shared electrical infrastructure (transformer capacity, panel space).
- Solar-generated electrons cover most of the daytime charging load — improving margin per session.
- Combined install is often 20% cheaper than two separate mobilizations.
The tenant angle
An EV-charging amenity moves rent premium $25–$50/mo in EV-heavy metros (SF Bay, LA, Seattle, Denver, DC). Retention improves noticeably among EV-owning tenants — a fast-growing segment.
Financing
Federal 30C tax credit covers 30% of EV charging infrastructure through 2032. Combines cleanly with solar ITC on a single project.
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