Co-ops and condos are among the potential beneficiaries of $5 million in New York State rebates for the installation of electric vehicle charging stations, Governor Andrew Cuomo announced. The initiative is part of the state’s drive to reduce greenhouse gas emissions by 40 percent by the year 2030.
"We're expanding access to electric vehicle charging stations and investing in installation initiatives to promote electric vehicle use," Lieutenant Governor Kathy Hochul said. "Communities across the state are taking advantage of funding and programs to support electric vehicles, and this funding as part of the first rebate for the installation of charging stations.”
Administered by the New York State Energy Research and Development Authority, the new Charge Ready NY initiative provides a $4,000 rebate per charging port for public or private employers, building owners, municipalities and non-profit organizations to install Level 2 charging stations. Depending on installation costs and the model/make of the charging station, it’s possible to save up to 80 percent of a typical installation's total cost. Level 2 stations provide up to 25 miles of electric range to cars for each hour they are charging.
To be eligible for the rebates, multi-family housing, including co-ops and condos, must have at least eight parking spaces that serve a building with five or more units. Also eligible are workplaces, office buildings, multi-family rental buildings, and public places such as theaters, malls, parks and retail locations.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?