EV Charger ROI: How Indianapolis Businesses Can Profit From Commercial Charging Stations in Year One

Business owners tend to assume that EV chargers take several years to pay off. But today’s charging technology, usage demand, and incentive programs make it completely realistic to achieve positive ROI within 12 months — sometimes even faster. 

If your goal is to turn EV chargers into a profitable asset for your commercial property, this guide walks you through exactly how ROI works, what affects it, and how Indianapolis businesses can generate revenue starting on day one.

1. Understanding the Commercial EV Charging Revenue Model

Commercial charging stations can generate revenue in multiple ways:

1.1 Direct Charging Fees

The most common pricing structures include:

• Pay-per-kWh
• Pay-per-minute or per-hour
• Session-based fees
• Occupancy fees after charging is complete (to encourage turnover)
• Tiered pricing for faster charging

High-traffic locations can generate significant recurring revenue.

1.2 Increased Foot Traffic

This is where ROI accelerates fastest. EV drivers tend to:

• Stay longer
• Spend more
• Return regularly because charging builds habits

Studies consistently show a 20–50% increase in spending when customers stay just 30–60 minutes longer.

1.3 Increased Tenant Value

For multi-family, office, or retail properties, EV chargers:

• Increase lease value
• Improve tenant retention
• Reduce vacancy rates
• Attract premium tenants
• Boost property value

Investors now view EV charging as essential infrastructure for long-term asset value.

1.4 Attracting High-Value Customers

EV drivers generally have:

• Higher disposable income
• Higher average spend per visit
• Strong loyalty to EV-friendly locations

This is one of the most valuable demographics for Indianapolis businesses.

2. What Determines EV Charger ROI?

Several factors influence your ROI timeline:

2.1 Charger Type

• Level 2 chargers: Lower installation cost, steady recurring revenue, high dwell time.
• Level 3 DC Fast Chargers: Higher upfront cost, higher income potential, high throughput.

DC Fast Chargers can become profitable much faster in high-traffic locations like:

• Travel plazas
• Gas stations
• Shopping centers
• High-visibility routes

2.2 Location Visibility

Properties with:

• Highway access
• High vehicle traffic
• Large parking lots
• Retail clusters

…see faster ROI because chargers are used more frequently.

2.3 Pricing Strategy

Competitive but profitable pricing is essential. Many Indianapolis businesses charge:

• $0.25–$0.45 per kWh for Level 2
• $0.39–$0.69 per minute for DC Fast Charging
• Free or discounted charging with purchase to drive foot traffic

2.4 Incentives

Incentives can cover:

• 30% of installation cost (Federal 30C Tax Credit)
• Utility rebates for infrastructure
• EV-ready wiring incentives
• Commercial development grants

Removing up to 40–60% of the installation cost shortens ROI dramatically.

2.5 Branding & Visibility

Simple strategies that boost usage include:

• Clear signage
• Google Maps and PlugShare listings
• Branded charger wraps
• Website EV-charging pages
• Social media announcements

More visibility = more charging sessions.

3. Realistic Year-One ROI Scenarios in Indianapolis

Scenario A: Hotel or Multi-Family Property

• Daily sessions per charger: 1–3
• Pricing: $0.30/kWh
• Average revenue per session: $6–$12
• Annual revenue per charger: $2,500–$4,500

Add in tenant retention and lease value improvements, and ROI is often achieved in 8–12 months.

Scenario B: Shopping Center or Retail Plaza

• High dwell time = long charging sessions
• Daily sessions: 3–6
• Annual revenue per charger: $4,000–$10,000

When combined with additional in-store spending, ROI accelerates further.

Scenario C: DC Fast Charging at a Travel or Convenience Location

• High throughput location
• Daily sessions: 10–20
• Pricing: $0.45+/min or per kWh equivalent
• Annual revenue per charger: $30,000–$120,000

These installs often recoup costs within 6–12 months.

4. Indirect ROI: The Value Most Businesses Overlook

Even if charging revenue is moderate, the indirect ROI is substantial:

• Stronger tenant retention
• Higher occupancy
• Increased customer spending
• Competitive differentiation
• Positive brand perception
• Attraction of premium customers
• Sustainability alignment

Many Indianapolis businesses recoup their investment from these indirect benefits alone.

5. Maximize ROI With a Strong Maintenance Plan

Even the best EV chargers won’t deliver ROI if they’re offline.

A maintenance plan ensures:

• High uptime
• Fast response for repairs
• Regular inspections
• Clean, safe charging areas
• Ongoing software updates
• Accurate billing and reporting

High uptime = high revenue + strong customer loyalty.

EV Chargers Can Pay for Themselves in the First Year

With the right strategy, commercial EV chargers aren’t just a sustainability initiative — they’re a revenue-generating business asset.

If your Indianapolis property is ready to explore EV charging installation with strong ROI, our team can help evaluate site layout, power needs, pricing, and incentive opportunities.