get financing for your ev charging
Electric vehicles are surging in popularity and market share. However, the amount of charging transactions still represents a challenge in North America. Most of the early issues have been worked and the cost-benefit analysis of the EV charging infrastructure becomes rather crucial. You still can make it and join “early adopters”. While offering the charging services, you can get an advantage over your competitors, make your power grid more resilient, increase property value, and gain new valuable customers and employees.
There are numerous benefits to installing EV charging points for a fleet of electric vehicles or testing out your own one, but what if you don’t have the cash on hand? Between the tax incentives and financing options, it’s easier than you think to plan, buy, install and manage electric vehicle charging stations.
how to make a project fit your budget
Once you’ve made the decision that an EV charging station would be a great addition to your commercial property, one of your biggest concerns may be cost.
One Level 2 charging station might sound reasonable, but what if your analysis concluded that it would be better to install several Level 2 or even Level 3 stations? Costs can rise considerably, depending on your project. You don’t need to make your budget fit your desired implementation. Instead, you can make EV chargers meet your budget with affordable financing.
Why hwisel finance?
Our team has experience with technology leasing and a huge range of equipment financing. Regardless of what kinds of upgrades your business needs the most, we can help. We've partnered with Saascharge to make that possible and help North Americans take advantage of the EV transition.
- Available cash reserves
Financing reduces the burden of paying up front and allows you to keep cash reserves free for other business expenses (e.g. customer acquisition)
- Flexible payment options
Buy now, pay later! With flexible payment terms, you can start developing your EV charging network before it’s entirely paid off
- Potential tax benefits
You may be able to take advantage of tax benefits
- Up-to-date technology
No more worries of obsolescence. At the end of the term, you can upgrade your charging station to keep pace with the electric vehicle market evolution
- Competitive edge
Financing the newest or fastest charging station technology gives you an edge over the market and attract more EV drivers to your sites
Financing solution - leasing
That’s why we are proposing a leasing option to allow you to get values from EV charging stations at your location today without impacting your cash flow.
PRINCIPLE: Pay monthly instead on investing all at once!
- 6 to 72 months leasing terms;
- Capital lease or equipment financing: You get the equipment directly and you can buy it for as little as $1 at the end of the term.
This example is based on a charging station investment of $50,000 (Including installation) with a buyout lease option of 60 months with a $1033 monthly payment.
This example demonstrates that it would take 6 years to get a return on investment (ROI) while you could be profitable from year 1 with a leasing option. This approach reduces the following risks:
- CAPEX Investment costs
Unpredictability of charging transactions;
- Re-investment in case of technological change (e.g. replacement for more powerful chargers).
Power of together - Electrification
Electric vehicles start to enter the car-buying mainstream. Some businesses will benefit from providing EV charging services to their customers and employees - why not yours?