If you’re a Bay State business owner, the sun’s energy may be your company’s best investment of 2021. The Massachusetts Department of Environmental Protection has rolled out the Massachusetts Electric Vehicle Incentive Program with $2.4 million USD allocated to fleet vehicle rebates and $1.4 million USD in monetary grants for the installation of electrical vehicle charging stations on commercial properties.
So, what are the benefits to installing plug-in electric vehicle (PEV) charging stations at your business or commercial property?
EVC Benefits for Companies
- Free Money- The Massachusetts Electric Vehicle Incentive Program provides businesses with 60% funding, capping at $50,000 USD per commercial street address. These funds are meant to directly cover EVC hardware and installation costs.
- Incentives- Massachusetts energy utility departments offer comprehensive PEV charging station incentives that can potentially cover up to 100% of installations costs.
- Tax Credits- State and federal tax credits are available for EV charging construction
- Community Minded Branding- How do residents and other businesses in the local area feel about your company? On a broad scale, many companies are integrating clean energy sustainability models into their corporate structure. Electric vehicle charging stations outside of your commercial property demonstrates to the community that your Massachusetts’s business is taking the necessary steps towards contributing to the state’s zero emissions by 2050 goal.
- Lower Commute Costs for Your Employees- Electric vehicle drivers save an average of 30-50% in fuel costs annually. The average drive time for a MA business employee is approximately 27.3 minutes, the sixth highest commute time in the nation. For much of that commute time, cars are not actually driving, but idling instead. Drivers who own electric use virtually no electricity while idling in traffic, saving fuel costs while also helping reduce greenhouse gas emissions from the atmosphere.
- Team Morale Boost + Employee Retention– It’s the little details about a work environment that people think of on the day-to day. Do you like your coworkers? Do you like your bosses? What about the business and its values? Employees who see their employer participating in local initiatives and actively striving to make a positive impact on the environment may feel happier and more confident in the brand they represent.
- Impress Shareholders- PEV technology adoption, in combination with carbon-reduction reporting, is attractive to shareholders. Investors with big pockets want to be associated with companies are making positive strives in their community and hold good reputations in their industry.
Your Business’s Next Steps Towards Installing PEV Charging Stations
Have any of your employees expressed interest in electric vehicle commuting and/or charging at the workplace?
Are you actively looking for ways to distinguish yourself from competition?
Is your company looking for innovative ways to “go green”?
Do one or more of your employees already drive a plug-in electric vehicle?
If you answered “YES” to any of the questions above, it’s probably time to start the PEV charger installation process.
At BD Electrical, we’re experts in clean energy installations and we would be more than happy to help walk you through the process of installing electric vehicle charging stations on your commercial business property. Have more questions about the Massachusetts Electric Vehicle Incentive Program or if installing charging stations on-site is right for your business? We’re here for that too. This is an exciting time to be a Massachusetts-based company and our team is excited to see a brighter, clean future for the Bay State.
If you’re looking for a trusted commercial electrical company in southeastern Massachusetts, give BD Electrical a call or visit us online! 508-617-0800 | https://bdelectrical.services/
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