The project site owner can sell the excess power generated from the microgrid to utilities. | Scope 1 and Scope 2. Avoid fines & penalties, loss of tax incentives, and higher costs from purchasing emission allowance |
2. ESG Compliance | The project site owner can sell the excess of power generated from the microgrid to utilities. |
3. Charging Revenue | Generating income from EV owners who pay to charge their vehicles. |
4. Increased Foot Traffic | EV charging can attract EV owners who may choose to shop or dine at the facility while their vehicle charges. |
5. Extended Stay Times | Customers may spend more time at a location if their vehicle is charging, potentially leading to increased sales. |
6. Excess Energy Sale to Utilities | The project site owner can sell the excess power generated from the microgrid to utilities. |
7. Energy Cost Savings | Microgrid charging stations can integrate with EMS to optimize electricity usage and reduce peak demand charges. |
8. Regulatory Incentives | • Tax Credits: Available for the installation of EV charging stations. IRC45 (Credit for Renewable Electricity Production), IRC48 • Regulatory Incentives: Various state and local programs offer grants and rebates to offset the cost of installing EV charging infra. • Tax Sales through ITC and Depreciation: Cash flow generation |
9. Renewable Energy Credits | Earning credits that can be sold or used to offset carbon emissions. |
10. Property Value Enhancement | In five years of operation, the FMV of a microgrid EV charging station can be five times the costs incurred. |