By offering grants for purchasing and installing EV chargers, schools now have an opportunity to generate revenue while contributing to their local communities' sustainability efforts.
In a recent announcement, the UK Government revealed its commitment to supporting state-funded schools in their transition to electric vehicles (EVs). By offering grants for purchasing and installing EV chargers, schools now have an opportunity to generate revenue while contributing to their local communities' sustainability efforts.
The grant
On 5th February 2023, Technology and Decarbonisation Minister, Anthony Browne, announced that the Government will now cover up to 75% of the cost of buying and installing EV chargers, up to £2,500 per socket for state-funded schools. This financial assistance makes installing EV chargers more accessible and affordable for educational institutions.
How schools can increase revenue with EV charging
State-funded schools can unlock a myriad of revenue opportunities by making their EV chargers available to the public outside of school hours.
Often unutilised during evenings and weekends, school car parks offer a prime location for offering EV charging services to the local community. By embracing this option, schools not only contribute to their communities' green infrastructure but can also raise much-needed revenue.
How can schools approach the monetisation process?
Understanding the complexities of the EV charging monetisation process can be daunting for schools. That's why we recommend partnering with a trusted EV charging provider like Devitech, who can ensure you see a return of investment on your chargers.
At Devitech, we use the 3Ms of EV charging, a tried and tested strategy that ensures clients have a seamless process.
- Monetising - Once you've made the initial investment in installing EV chargers, you can start earning extra revenue by setting fees for EV drivers who use your chargers. Our team can help you determine the right pricing strategy based on factors such as your location, charger type, the number of chargers installed and local competition. See our blog post on pricing models and considerations for more help. We can also help with setting up an intelligent back-office platforms that take payment for EV charging sessions.
Too busy with your day-to-day job? Let us manage the monetisation process entirely so there are no administrative tasks for your staff.
- Maintaining - Ensuring your chargers are maintained regularly will ensure your chargers are working to their optimum level. Like any other asset on your site, annual site surveys are key.
- Managing - Effective management of your EV chargers is crucial for maximising your investment. Do you have complete visibility of your chargers' maintenance activity? Does your current EV charging back-office system align with your sustainability KPIs? We use cloud-based EV charging platforms that ensure you can access operations, energy management and revenue data with a click of a button.
If you're a school ready to embark on your EV charging journey, get in touch with us.
Our experienced team will guide you through the process, helping your school contribute to a greener future while benefiting from the financial advantages of EV chargers.
Graham Rowlands, Managing Director at Devitech
We know there’s so much to take in, so we’re here to help you every step of the way. To start your EV charging journey, book a site assessment via the button below.