July 2023

EVCS... from page 28.

ciation, where the CPO is investing in the technology to distribute energy to end users. The obvious benefit here is that the association won’t pay for any of the services and the CPO will complete everything from start to finish. The second solution is at cost to the association whereby it pays for the hardware and services to be provided. This is the most complex, costly, and risky option for a community to select. Lastly, there are usually a few options in between often labeled as Charging as a Service (CaaS). CaaS programs are a blend of at-cost and no-cost solutions, for which the association most likely will be responsible for the cost and execution of the infrastructure, while the CPO will provide the charging hardware and services. There is usually a fee like a sub scription associated with CaaS programs. We have financially modeled all three options extensively and have determined the clear winner is always the no-cost solution due to its ease of entry and hands-off approach for associations, boards, and community managers. The final thing to consider is whether the association can collect any revenue or profit sharing.

charging, which may not be possible in a deeded or assigned parking situation. Typically, if there is deeded parking, the residents will pur chase hardware and services from a provider, and if there is assigned parking, a leasing or subscription program will be offered. This will allow residents to get their own private charging station installed, which is the most convenient solution. A major benefit of partnering with a single provid er is that they offer operations, maintenance, and support to residents, rather than the community manager needing to add this to their list of things to do. There are many provid ers available called Charge Point Operators (CPOs) in the market that would be able to provide solutions for all types of parking, which leads to the next topic: business models. Vendor Business Models: There are usually three options from CPOs. The first and simplest solution is typically at no cost to the asso

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