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The estimate was about 10X more than that -- I'm not sure what made it so expensive, maybe because the wiring had to be sized to handle all 30 units, the HOA wo
by Johnny555 7y ago
The estimate was about 10X more than that -- I'm not sure what made it so expensive, maybe because the wiring had to be sized to handle all 30 units, the HOA wouldn't let it be built to handle just the few people that wanted an EV charger today. And there was some sort of upgrade that had to be made to the underground electrical vault.
- matthewdgreen 7y agoA $15,000 loan, at 5% interest, works out to about $159/month over a decade. Divide that by ten neighbors, it's about $16/month per user to charge -- excluding the cost of energy. This isn't nothing, but it's a reasonable enough price if you have 10 people in the facility who are interested. Obviously the theory and practice are very different things, but as barriers go this one seems surmountable. Particularly given the fact that electric car charging is eventually going to be more and more popular/valuable to purchasers or renters. In short, this is a very tiny fraction of the price of a new roof.