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Jan 20, 2025|ComEd EV Charger

ComEd EV Charger Rebates for Commercial Properties

ComEd EV Charger Rebates for Commercial Properties in Chicago, IL

With the growing popularity and demand for electric vehicles, installing EV chargers has become more of a necessity. At Kapital Electric, Inc., we install EV chargers and can help you navigate the ComEd EV charger rebates for commercial properties in Chicago, IL. With the ComEd EV Charger Rebate Program, your commercial property can join the e-mobility revolution without bearing the full installation cost. Contact us today to learn more about installing EV chargers and taking advantage of the rebate program.
ComEd EV Charger installed at a commercial property by Kapital Electric, Inc. in Chicago, IL

Why Should You Consider EV Chargers for Commercial Properties?

Offering convenient charging options can set your property apart from others. Here’s why you should consider EV chargers for your commercial property:

  • Attracting Customers and Tenants – By offering EV chargers, you are catering to a growing market of eco-conscious customers and tenants.
  • Boosting Sustainability Goals – Installing EV chargers at your commercial property demonstrates your commitment to sustainability.
  • Future-Proofing Your Property – With the increasing adoption of EVs, installing EV chargers will keep you ahead of the curve.

What Is the ComEd EV Charger Rebate Program?

The ComEd EV Charger Rebate Program is a financial incentive program offered by Commonwealth Edison (ComEd) for commercial properties in the Chicagoland area. This program aims to encourage electric vehicle adoption and support the installation of EV charging infrastructure. Under this program, eligible commercial properties can receive rebates of up to $8,000 per Level 2 EV charger port or up to $1,000 per kW for infrastructure serving Level 3 chargers. The rebates can cover project make-ready costs, including contractor labor, conduits, cable, fasteners, and breakers, but won’t cover the cost of the physical charger.

Key Features of ComEd’s Rebate Program

The ComEd EV Charger Rebate Program offers several key features that make it an attractive business option. These include:

  • Financial Incentives – The program offers rebates of up to $8,000 per Level 2 EV charger plug or up to $1,000 per kW for Level 3 chargers.
  • Sustainability Focus – By installing EV chargers at your commercial property, you’re aligning your business with the growing trend towards e-mobility.
  • Support for Various Charger Types – The program covers many EV charger types, including Level 2 chargers, the most common type used in commercial properties.
  • Eligibility for Businesses – No matter the type of commercial property you own or manage, you may be eligible for the rebate. The program is open to retail, hospitality, and office properties.

Who Is Eligible for ComEd’s EV Charger Rebates?

Eligibility for the program extends to a wide variety of businesses and organizations across Chicago. Over half of rebate financing is dedicated to stimulating EV adoption in equity-qualified communities, especially for customers residing, commuting, or conducting business within lower-income and equity-qualified neighborhoods. Commercial properties are encouraged to apply for the program to help provide accessible charging options for employees, tenants, and visitors. ComEd will accept applications for qualifying projects completed as far back as June 1, 2023.

What Are the Requirements for the Program?

To qualify for the program, businesses must be located within ComEd’s service territory and be active commercial, industrial, public sector, or non-profit customers. Additionally, they need to install an eligible EV charging station, either a Level 2 or a DC fast charger, at a site where ComEd provides electric service. Participating businesses must maintain the installed charging equipment in good working condition for at least four years. They must also agree to provide ComEd with regular usage data from the charging station to help track and evaluate the program’s impact.

How to Apply for ComEd EV Charger Rebates

Applying for the charger rebate program is simple and hassle-free. The steps include:

  • Evaluate Your Needs – Determine the type and number of chargers your commercial property requires.
  • Check Eligibility – Ensure your business meets the program’s eligibility requirements.
  • Apply for the Program – After determining your eligibility, you can apply through ComEd’s website.
  • Complete the Installation – Once your application is approved, you can proceed with the installation.
  • Claim Your Rebate – After installing the equipment, you’ll receive your rebate within 4-6 weeks.

How to Maximize Rebates With Strategic Planning

Looking to maximize your rebate savings? Here are some key strategies to help you get the most out of the program:

  • Choose Scalable Solutions – By selecting scalable charging solutions, you can future-proof your property and potentially qualify for more significant rebates.
  • Leverage Data – Regularly providing usage data from the charging station to ComEd can help you track your energy usage and potentially qualify for additional rebates.
  • Bundle With Other Incentives – You can maximize your savings by combining the ComEd rebate with other federal or state-level incentives, such as tax credits or grants.

Make EV Charging Affordable With ComEd’s EV Charger Rebates

The ComEd EV Charger Rebate Program is a golden opportunity for businesses in Chicago to become part of the e-mobility revolution while contributing to a more sustainable and eco-friendly city. By participating, businesses can attract a growing market of environmentally conscious EV owners, increase foot traffic, and demonstrate their commitment to environmental responsibility. Don’t miss out on this chance to improve your property and help shape a greener future. Contact Kapital Electric, Inc. today to learn more about the ComEd EV Charger Rebate Program.

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