Easy, turnkey EV charging for multifamily properties

More and more residents are driving EVs, and these residents largely prefer to live at properties with EV chargers so they can conveniently (and safely) charge overnight. A survey found that 80% of EV-driving tenants will only consider living at buildings with chargers.

EV charging installation costs vary depending on quantity of chargers, placement, infrastructure, and available rebates, but property owners can expect total cost per charger to be anywhere from $0 to $15,000. It is extremely difficult to get a directional estimate without fully assessing the unique needs of the property. Various incentive programs can cover over 90% of total costs. Browse available rebates here, or contact us for a property rebate eligibility scan.

Not necessarily. Load management software can distribute your building's existing electrical capacity across multiple chargers, often removing the need for a panel upgrade. An electrician can assess your current capacity, and in many cases a charging software that supports load management is enough to get you started.

Level 1 (standard 120V outlet) adds about 3–5 miles of range per hour, providing slow charging that works for occasional use. Level 2 (240V) is the standard for multifamily properties, adding 20–30 miles per hour overnight. DC fast chargers are much faster and far more expensive, and better suited to commercial or highway locations.

For assigned parking, each tenant can have a dedicated, restricted-use charger (made possible with charger access management). For shared parking, networked chargers with usage tracking let multiple residents share chargers, while still billing each person separately for their own sessions.

A common starting point is chargers for 10–20% of your parking spots, which typically covers present demand without over-investing. The right number depends on tenant demand, building code requirements, local EV adoption rates, and your electrical capacity. Most properties tend to start smaller and scale up as demand grows.

The main risks are upfront cost, electrical overload if chargers aren't properly managed, and maintenance burden. These risks are largely mitigated by working with a charging management platform that handles driver billing, load balancing, and alert-based remote monitoring.

Additionally, operators should consider future system compatibility: choosing vendors whose management software is only compatible with their own hardware and vice versa (ex. ChargePoint, Blink) puts operators at risk of being left with “dumb” chargers that cannot be controlled or monetized.

Owning outright means you are responsible for hardware, maintenance, software, and billing, but you capture revenue generated from tenant charging. Charging-as-a-service shifts the capex and maintenance burden to a vendor: you typically pay a monthly fee and they handle everything, which reduces upfront cost and operational lift. Flipturn supports both ownership models: contact us for a consultation.

For most multifamily properties, networked Level 2 chargers paired with a charging management platform like Flipturn is the best solution. Level 2 chargers are cost-effective to install, and an effective management platform lets you monitor and monetize the chargers.

Federal, state, and utility incentives can cover a significant portion of installation costs, with some programs covering 90%+ of total costs. Many utilities also offer rebate programs specifically for multifamily EV charging. Browse available rebates here, or contact us for a property rebate eligibility scan.

Yes. You can charge tenants a markup on electricity in Flipturn’s platform, making EV charging a revenue stream. How much you earn depends on pricing model and charger utilization rates, but many operators find that charging revenue covers both operating costs and generates a modest profit, especially as EV adoption grows.

Yes. Flipturn can re-network existing chargers from most major hardware provider to its platform, without replacing any hardware. Properties can upgrade their software without the cost or disruption of new hardware installation: the transition can be done in a single day, without downtime. Contact us if you are looking to re-network your chargers.