As electric vehicles go mainstream, more tenants are asking the same question: “Can I charge my EV where I live?”

For apartment owners and property managers, this demand presents both a challenge and a huge opportunity. Offering EV charging isn’t just about checking a sustainability box—it’s about staying competitive, increasing NOI, and boosting property value.

But the most common question we hear from multifamily stakeholders is simple: How much does it cost to install EV chargers at an apartment building?

In this post, we break down the true costs, how to reduce them, and why it’s more affordable than you think—especially when you choose the right technology.

Why EV Charging Is Now an Essential Amenity

Today’s renters are driving the future. In fact:

• 52% of renters under 45 say they’re considering an EV

• EVs now account for nearly 10% of all new cars sold in California

• Charging is one of the top three amenities  requested in new apartment searches

In short, if your building doesn’t offer EV charging, it’s falling behind.But what does it take to get started—and what’s the cost?

The True Cost to Install EV Charging in Apartments

Here’s a high-level breakdown of the average cost per charger  for traditional systems:

Total (Traditional EVSE):  $4,000–$6,000 per port Total (Pando Smart Outlet):  ~ $1500 per port

This difference is a game-changer for multifamily properties, especially when installing multiple chargers across dozens or hundreds of units.

Why Traditional EVSE Costs So Much

Most legacy EV charging stations—like pedestal-mounted chargers—were never designed for multifamily housing. They require:

• Dedicated power for each unit

• Expensive trenching or rewiring

• Annual maintenance fees and vendor lock-in

This quickly adds up and makes scaling financially unsustainable.

How Pando Electric Cuts EV Installation Costs by 70%

At Pando, we created a smarter way to deploy Level 2 EV charging at apartments . Our Smart Outlet plugs into standard 240V infrastructure, requires no service contracts , and scales easily  as adoption grows.

Here’s how we keep your project affordable:

• Shared circuits with adaptive load management
• No need for electrical panel upgrades  in most cases
• Compact hardware  that mounts easily in garages or carports
• Low-labor installs  that avoid trenching, breaking concrete, or adding metering equipment

Whether you’re installing 4 chargers or 40, the savings scale with you.

Final Thoughts: EV Charging Isn’t Just a Cost—It’s an Asset

Yes, installing EV chargers at your apartment building requires upfront investment. But the ROI is real:

• Increase your property value and appeal
• Boost tenant retention and satisfaction
• Generate new monthly revenue  from charging fees
• Position your property as future-ready  for the next generation of renters

And when you install with Pando, you unlock all of those benefits without the usual costs and headaches.

Ready to Learn How Much EV Charging Will Cost at Your Property?

Get a custom quote and site assessment—no strings attached.

Let’s make EV charging affordable, scalable, and ready for every renter.