Unlocking Value with EV Chargers: A guide for UK house owners

Electric vehicle (EV) chargers have become a sought-after feature in UK apartment buildings, driven not only by tenant demand but also by the potential for significant benefits for property owners. In partnership with WATTTECH, we explore three key ways in which EV chargers can unlock hidden value for UK apartment owners, as well as key information on OZEV grants.

1. An additional revenue stream:

EV chargers turn individual parking spaces into lucrative revenue streams, like miniature petrol stations. Apartment owners can adopt a flexible pricing model, charging tenants by the kilowatt hour or as an additional monthly fee in the lease. Since electric vehicle users typically charge for several hours each day, installing multiple charging stations can create a substantial and ongoing revenue stream for property owners.

2. Meeting sustainability goals:

Multifamily property owners in the UK are increasingly adopting environmental, social and governance (ESG) policies to make a positive contribution to the community. EV chargers provide an opportunity to align with ESG objectives by reducing greenhouse gas emissions. In addition, demonstrating a commitment to sustainability through amenities such as EV chargers can attract quality tenants who prioritise green living, ultimately increasing the value of the property.

3. Access to OZEV grants:

The UK government, through the Office for Zero Emission Vehicles (OZEV), is actively encouraging property owners to install EV charging points. By installing EV chargers, property owners are eligible for grants and incentives, including a grant of up to £350 per charging point. This financial support, combined with potential tax credits, makes EV charging projects financially viable and attractive to property owners.

Alex Zadniprovskiy, CEO of WATTTECH, emphasises the importance of taking advantage of available incentives."These incentives are going to go away," he notes. "It is imperative that property owners take advantage of these funds when they are available."Working with a knowledgeable company like WATTTECH can further increase awareness of available programmes and benefits, helping property owners make informed decisions.To learn more about how EV chargers can add value to your property and take advantage of OZEV grants, we invite you to contact us.

Our team at office@watttech.co.uk is dedicated to helping property owners navigate the evolving landscape of sustainable and profitable solutions.