As electric vehicles (EVs) continue to gain popularity, workplaces across the country are recognizing the benefits of installing EV charging stations. Not only do these stations promote sustainability, but they also attract employees and customers, reduce carbon footprints, and future-proof businesses.
Trends in Workplace EV Charging
The adoption of EV charging stations in the workplace is on the rise, driven by increasing demand from employees and customers. According to recent reports, the number of EVs on the road is expected to reach 26.4 million by 2030 in the U.S. alone. As more people transition to electric vehicles, they’ll need convenient places to charge them—at work, for example.
Employers are responding to this trend by investing in EV charging infrastructure. Installing charging stations can help companies meet sustainability goals, support green initiatives, and offer a valuable perk to employees who drive electric vehicles. Moreover, businesses with EV chargers can attract customers who value sustainability, boosting their brand image and customer loyalty.
For businesses looking to get started in Colorado, the good news is that there are several grants and financing options available to make the transition easier and more affordable.
The Charge Ahead Colorado Grant Program
One of the most impactful programs supporting the adoption of EV charging stations is Charge Ahead Colorado. This state program provides grant funding for community-based Level 2 and DC fast-charging EV charging stations, making it easier for businesses, local governments, and nonprofits to install EV chargers.
The Charge Ahead Colorado grant covers up to 90% of the costs associated with purchasing and installing EV charging stations. This makes it an ideal option for businesses looking to reduce upfront expenses and accelerate their transition to clean energy. Whether you’re a small business or a large corporation, this program can help you take a big step toward sustainability.
To apply, businesses need to demonstrate how their charging stations will benefit the community and contribute to broader environmental goals. The program prioritizes projects that increase accessibility and promote equity in EV charging.
The Charge Ahead Loan: Bridging the Financing Gap
In partnership with Charge Ahead Colorado, we are excited to offer the Charge Ahead Loan that helps successful grant applicants finance the full project costs, ensuring they have the funds needed to complete their installations.
The Charge Ahead Loan is also useful for bridging the gap between the purchase and installation of EV charging equipment and the receipt of reimbursable grant funds. By covering these upfront costs, the loan allows businesses to proceed with their projects without delay, even before the grant money arrives.
With flexible terms and competitive rates, the Charge Ahead Loan is designed to make EV charging projects more accessible and financially viable for businesses of all sizes.
Additional Resources
In addition to the Charge Ahead Colorado grant program and the Charge Ahead Loan, there are several resources available to help businesses navigate the process of installing EV chargers on their property.
ReCharge coaches are available to guide potential applicants through the grant application process, answer questions, and provide support. These experts can help potential applicants understand the requirements, prepare their application, and maximize the chances of securing funding.
Installing EV charging stations can support businesses’ sustainability goals, attract customers, and support their employees. With programs like Charge Ahead Colorado and financing options like the Charge Ahead Loan, there are various resources available to make the transition to EV charging more accessible.
Ready to get started? Make the transition to EV charging and explore the Charge Ahead Colorado program and Charge Ahead Loan today!
