Can EV chargers make money for a condo association or HOA?

Short answer

They can, but most communities should first aim for charging that pays for itself. When drivers pay per session at a price that covers electricity, software and upkeep, non-EV owners are not subsidizing anyone. Revenue above those costs, shared with the property, can then recover part of the installation over time. How much depends on how many residents charge, the price per kWh and the cost of electricity, so the honest answer for any building comes from its own numbers.

Start with break-even, then revenue

For most boards, the first goal is fairness: the drivers who charge pay for the electricity and running costs, so the association’s budget is not affected. Once that is in place, any margin above costs is revenue the property can use to recover its investment.

What determines revenue

Energy sold. The kWh drivers use each month. This grows as more residents buy EVs.
Price per kWh that drivers pay, set by the board in Florida condos (section 718.113(9)).
Electricity cost per kWh the property pays the utility, including any demand charges.
Software, payment processing and support costs.
Maintenance after the warranty.
Idle fees, which mainly keep chargers available but also add some revenue. See how to stop cars from blocking shared EV chargers.

How quickly revenue recovers the installation depends on these factors at your building. See how much it costs to install EV chargers.

Value beyond revenue

An amenity residents ask for, which can help with sales and leasing as more buyers and renters drive EVs.
Fewer disputes over cords, common-area outlets and unmetered chargers.
A planned approach to the building’s electrical capacity instead of first-come, first-served.

Set realistic expectations

Usage starts low and grows. Early months may only cover costs.
Prices that are too high push residents to charge elsewhere, which lowers revenue and frustrates the residents the amenity is for.
Electricity rates change, so review pricing periodically. See how to bill residents for EV charging.

Questions to ask any provider

Who owns the chargers?
Who sets the price drivers pay?
How is revenue shared, and how often is it paid to the property?
What fees come out before the property’s share?
What reports does the board receive?
Who answers driver calls and handles repairs?

More in EV charging billing software for HOAs.

How EZ EV Energy works

The property owns the chargers. Drivers pay per session in the EZ EV app, we handle billing and 24/7 driver support, and we pay the property its share of the revenue, which offsets the electricity it supplies. The board receives usage and revenue reports. Your site assessment proposal includes our software and billing terms so the board can see the numbers for your building.

Get a free site assessment

We review your parking, electrical capacity and goals, then send a written proposal: equipment options plus EZ EV software and billing terms to share with your board.

Request a free assessment or call (561) 299-1166

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Updated November 2026.