The Benefits of EV Energy Management Systems for Residential Property Owners / Managers
Electric Vehicle Supply Equipment, more commonly referred to as charging stations add property value, attract higher-end tenants, and offer additional income streams. Despite these advantages, many property managers have found offering accessible EV charging stations at fast charging speeds is too difficult. Many properties don’t have enough electrical power to accommodate the added demand of EV charging stations and upgrading electrical service is complex and cost prohibitive.
The alternative is to install an Electric Vehicle Energy Management System (EVEMS). An EV energy management system is a cost-effective way to manage electricity demand by connecting, disconnecting, increasing, or decreasing the electric power used by installed chargers.
Maximize Capacity
EVEMS maximize available capacity and shares it in an intelligent way to enhance the performance of chargers and can significantly increase the number of EV that can be charged.
Manage Multiple Car Charging
EVEMS with an integrated revenue-grade meter measures exactly how much power each EV owner has consumed and how much they need to be billed, even when managing multiple cars at the same time. Each EV can charge at 100% of the Level II capacity, instead of at a reduced rate when charged directly via smart EV chargers. Your tenants will get plenty of range as research shows a 90-mile-of-range charge in 4-hours on a Level II is more than enough for a full day of regular driving.
Safety for All
EVEMS automatically tests the connection between EV and the device before charging and all charging events are also monitored and controlled remotely. This protects against short circuits keeping individual chargers safe and protecting your electrical infrastructure.
Overnight Charging
In most Multi-Unit Residential Buildings, the majority of EVs are parked during low peak rate times (evening and night). This means property managers can offer multiple charging spots using Level II chargers or charge point connections at equivalent 208/240 volts 32 amps.
Monitoring and Billing
As smart systems, EVEMS also offer charger status and usage monitoring, user invoicing, permit reservations, and more. Through automatic collection of consumption data (available to property owners and users), disputes over electricity consumption are prevented. Consumption can be traced to the station, and the EV owner is charged directly. Charging stations can leverage automated billing using pre-set customer identification or mobile app ID.
Optimize & Manage Charging Time
EVEMS allow a property manager to understand energy consumption in real-time. The data provided can be a strategic tool for maximizing the available power efficiently to satisfy tenant needs and for optimizing available charge times based on demand or energy prices.
Take Away
With Electric Vehicles (EVs) popularity increasing every year, it is critical multi-tenant residential property owners stay competitive by making strategic investments in EV charging systems and consider EVEMS as the most cost-effective way to do so.
