Maximizing Incentives with Pando Electric: Why Smart Outlets Are the Future of EV Charging

As electric vehicles (EVs) become more mainstream, the demand for charging infrastructure is skyrocketing. Property owners and businesses are looking for efficient, cost-effective solutions to meet this growing need. 

At Pando Electric, we believe smart outlets are the key to maximizing incentive programs, lowering installation costs, and future-proofing your property. Here's why smart outlets from Pando Electric are the smarter choice compared to traditional charging solutions.

Unlock the Power of Incentive Programs

One of the biggest advantages of smart outlets is how efficiently they allow you to leverage incentive programs. With lower upfront costs, you can maximize the number of outlets installed while reducing your out-of-pocket expenses. Our team at Pando Electric works with property owners to ensure you take full advantage of all available incentives, delivering more value for every dollar you invest.

We are able to spend incentive money far more efficiently than our competitors because the nature of our product allows us to dramatically reduce the installation costs. This ensures that we are able to bring far more EV chargers to a site for less money than anyone else. 

In our recent Case Study, we not only installed an EV charging outlet in every single parking space, we also did it for a fraction of the cost compared to the competition. Coming in 70% less expensive than even a Level 1 system, meaning that not only did we bring a charger to every space, we did it at a lower cost than everyone else. This means that there are more incentive funds to go around to outfit even more properties, effectively spending incentive funds to their maximum efficiency. 

Cost Comparison: Smart Outlets vs. Traditional Chargers

When comparing installation costs, traditional EV chargers can be significantly more expensive, with prices ranging from $4,000 to $6,000 per unit. This can severely limit how many chargers you can afford to install, even with available incentive monies.

Smart outlets from Pando Electric, on the other hand, come at a much lower installation cost, typically between $1,500 and $2,500 per unit fully installed. This means that for the same budget, you can install more than double the number of charging stations—providing better coverage for EV drivers and enhancing the value of your property.

Stretch Your Dollars Further

Here’s a quick comparison:

• Traditional Chargers: $4,000-$6,000 per unit

• Pando Smart Outlets: $1,500-$2,500 per unit

For example, instead of installing two traditional chargers for $8,000 to $12,000, you could install up to five Pando smart outlets for the same cost. That means more charging stations, happier EV drivers, and a greater return on your investment.

Maximize ROI with Pando Electric

At Pando Electric, we understand that every dollar counts. That’s why our smart outlets are designed to deliver maximum value, both in terms of installation costs and long-term ROI. With our innovative 50:50 revenue split model, property owners can recover installation costs faster and start generating revenue almost immediately.

Want to know exactly how much you can save? Try our ROI Calculator, and see how Pando Electric’s smart outlets can transform your EV charging infrastructure.

Why Pando Electric?

• Efficient, cost-effective solutions: Smart outlets that deliver more charging points at a lower cost.

• Faster ROI: Our 50:50 revenue split helps you recover costs quickly while generating revenue from EV drivers.

• Incentive optimization: We help you navigate incentive programs to maximize your savings.

Join the Future of EV Charging with Pando Electric

With smart outlets, Pando Electric empowers you to provide more charging stations at a fraction of the cost of traditional solutions. Whether you’re a property manager, a business owner, or a real estate developer, smart outlets ensure your property is ready for the electric future.

Visit us at Pando Electric or try our ROI Calculator to see how much you can save today.