More image ideas for the body: Close-up of Level 2 EV charger mounted on commercial building wall · Overhead view of marked EV charging spaces in office parking lot
Commercial property owners in Colorado, Arizona, Utah, and Florida are installing EV chargers and collecting revenue from tenants, guests, and fleet operators who need reliable charging access. In Colorado alone, Xcel Energy’s EV Accelerate At Home program has driven thousands of residential installs — and commercial demand is following fast.
The parking lot you already own can generate income. Here’s how operators are doing it.
What drivers in CO, AZ, UT, and FL expect
EV adoption is climbing across the Mountain West and Sun Belt. Drivers expect charging where they park for work, shopping, or overnight stays.
- Workplace charging: Employees with long commutes (common in sprawling metro areas like Denver, Phoenix, and Salt Lake City) need daytime top-ups.
- Multifamily properties: Renters without home charging pay a premium for buildings that offer it.
- Hospitality and retail: Guests at hotels, resorts, and entertainment venues expect charging as a baseline amenity.
- Fleet operators: Delivery vans, service trucks, and municipal vehicles need predictable overnight charging at depots.
Colorado’s NEVI funding and Arizona’s Clean Transportation Program are accelerating installations. Property owners who move now capture early-mover revenue before the market saturates.
What a good installation looks like here
Permitting and interconnection timelines vary by utility and jurisdiction, but the process is predictable:
- Utility coordination: Xcel (CO), SRP and APS (AZ), Rocky Mountain Power (UT), Duke and FPL (FL) — each has interconnection requirements. We handle the paperwork.
- Electrical capacity: Most commercial properties have 200–400A service. Level 2 chargers (7.2–19.2 kW) fit existing panels; DC fast chargers (50–150 kW) may require service upgrades.
- Permitting: Local AHJs in Denver, Phoenix, Salt Lake City, and Tampa typically approve commercial EV installs within 2–4 weeks if plans are complete.
- Cold-weather considerations (CO, UT): Chargers must handle sub-zero temps. We spec hardware rated for -40°F and coordinate snow-clearing access with property managers.
A typical 10-charger L2 installation takes 4–6 weeks from signed contract to live network. DC fast chargers add 2–3 weeks for utility transformer work.
Turning charging into revenue
Charging revenue comes from session fees, time-based pricing, or flat monthly subscriptions. Here’s the math for a 10-charger Level 2 network at a commercial office:
- Utilization: 40% average (4 chargers active during business hours)
- Session length: 4 hours per vehicle, 30 kWh delivered
- Pricing: $0.35/kWh (competitive with home rates + convenience premium)
- Monthly revenue: ~$1,260 (20 business days, 4 sessions/day)
- Annual gross: ~$15,000
Subtract electricity cost (~$0.12/kWh in CO, AZ; ~$0.10/kWh in UT, FL) and network fees (~$30/charger/month). Net revenue: ~$10,000/year for a $50,000 install — 20% annual return before incentives.
Overstay fees (e.g. $2/hour after a full charge) keep stalls turning and add 15–25% to monthly revenue.
Time-of-use rates let you charge more during peak demand (2–8 PM) and less overnight. Fleet operators on fixed schedules pay flat monthly rates for guaranteed access.
Next step
We run a feasibility assessment for your property: electrical capacity, parking layout, utility incentives, and revenue projections. Same-week site visits across Colorado, Arizona, Utah, and Florida. Schedule your assessment and see what your parking lot can earn.