Save Thousands on EV Charging in New Jersey: Top Incentive Programs for Multifamily Properties

If you’re a New Jersey property owner or manager interested in installing EV chargers at your multifamily property, there’s good news: Several substantial incentive programs are available to make EV charging infrastructure more affordable and accessible for your properties.

To help you navigate these opportunities, we’ve created this comprehensive guide outlining the most important programs available in New Jersey. Many of these incentives can significantly reduce your upfront costs and even provide ongoing benefits.

Note: Programs are specific to different utilities and municipalities, so review carefully to identify which apply to your property. Additionally, remember that the federal Alternative Fuel Vehicle Refueling Property Tax Credit (commonly known as “30C”) is available to further reduce your costs.

Understanding EV Charging Economics

Before diving into specific incentives, it’s helpful to understand typical costs:

• Level 2 charging station hardware: $2,000-$5,000 per port
• Electrical infrastructure upgrades: $5,000-$15,000 per port (varies significantly based on site conditions)
• Total installed cost per port: $7,000-$20,000

With incentives to cover substantial portions of your upfront costs, combined with revenue generation through operating the chargers, positive ROI can often be achieved in anywhere from 2 to 5 years. On top of this, properties offering EV charging typically see increased property values and higher tenant satisfaction and retention, driving additional tangential revenue and savings for your property.

See how EV charging incentives helped bring EV charging to this New York condo building

How SWTCH Can Support Your Funding Applications

Hate paperwork? Want to ensure you get the maximum benefit possible from the incentive programs you apply for?

Our team has secured millions of dollars in funding across North America, and we’ll bring our years of experience to help guide you through the application process for whatever programs you’re considering.

Often, the quality and detail of an application can significantly impact the outcome, so it’s worth working with an experienced partner. The difference in your project’s ultimate cost can be remarkable with proper guidance and support.

It Pay$ to Plug In

If you’re looking to install EV charging at your multifamily property, this NJDEP program can help offset costs for both purchasing and maintaining the charging infrastructure. The program is designed to expand New Jersey’s growing network of EV infrastructure while improving air quality for everyone.

Through this program, you can receive:

• Up to $750 per Level 1 charging port
• Up to $4,000 per Level 2 charging port
• Coverage for installation of charging stations within 9 months of grant execution

Funding is available for multi-unit dwellings with a minimum of five (5) units.

The program application process is straightforward through the System for Administering Grants Electronically (SAGE) portal, but remember that completed projects are not eligible – you must apply before purchasing or installing equipment.

Typical timeline: 3-6 months from application to funding disbursement.

Learn more about this program in our application guide.

Reach out to SWTCH for support with your application

ChargeUp New Jersey MUD EV Charging Program

This program is specifically designed for multi-unit dwellings (MUDs) through New Jersey’s Clean Energy Program. It offers substantial incentives to help property owners and operators install Level 2 EV charging stations for their residents.

Through this program, you can receive:

• Up to $4,000 for the purchase of dual-port, networked Level 2 EV charging equipment
• Up to $6,000 per charging station for eligible MUDs located in a designated overburdened municipality
• Up to $5,000 towards electrical infrastructure upgrades for properties in non-investor-owned-utility territories

Incentive caps are tiered based on the number of units in your property (ex: receive funding for up to 3 stations for properties with 5-40 units or up to 24 stations for properties with over 200 units).

Any brand of Level 2 charging equipment is eligible, provided it meets requirements including ENERGY STAR certification, dual-port configuration, UL2594 listing, and the ability to network with a state-compliant EV charging network provider.

Typical timeline: 2-4 months from initial application to incentive payment.

Learn more about this program in our application guide.

Reach out to SWTCH for support with your application

Atlantic City Electric EV Smart Program

For multifamily properties in Atlantic City Electric’s service territory, this program provides significant incentives through their EVsmart Make-Ready Program to help deploy new EV charging infrastructure.

Through this program, you can receive:

• Up to 75% of electrical infrastructure upgrade costs covered, up to $5,000 per port for market-rate multi-family dwellings
• Up to 100% of electrical infrastructure upgrade costs covered, up to $6,700 per port for properties in overburdened communities

A maximum of 10 ports per site eligible for incentives, and chargers must be Level 2, ENERGY STAR certified with standard SAE J1772 or NACS connectors.

The program requires that charging stations be accessible to all EV-driving residents of the multifamily dwelling and that site hosts share charging data with Atlantic City Electric.

Typical timeline: 2-3 months from application submission to approval, with funding available through December 31, 2026.

Learn more about this program in our application guide.

Reach out to SWTCH for support with your application

JCP&L Commercial Program

JCP&L’s EV Driven Program includes substantial support for multifamily dwellings to make EV charger installations more affordable throughout their service area.

Through this program, you can receive:

• Incentives up to $11,100 per qualifying installation site for utility-side electrical infrastructure upgrades
• Incentives up to $6,700 per port for property electrical infrastructure upgrades for standard installations (maximum of 10 ports)
• Enhanced incentives up to $8,375 per port for multifamily sites in overburdened communities
• Residential rate parity for multifamily customers, plus a 2-cent per kilowatt-hour off-peak charging credit

This program requires the installation of a dedicated JCP&L-metered service for EV charging at multifamily sites. All Level 2 chargers must be ENERGY STAR certified and installed by a licensed contractor.

Typical timeline: 3-4 months from application to incentive payment.

JCP&L offers additional information on this program here.

Reach out to SWTCH for support with your application

Need Additional Assistance?

Need additional assistance in applying for rebates, understanding the technology behind EV chargers for multifamily buildings, or just want to connect with our team to learn more about us?

Get in touch with us today! We’ll be happy to chat about your specific needs and help you navigate the available incentives to maximize your benefits and create an optimal EV charging solution for your property.

About SWTCH

SWTCH Energy is a leading provider of EV charging solutions for multifamily, commercial, and workplace properties across North America. We offer end-to-end services including hardware selection, installation coordination, software management platforms, ongoing maintenance support, and funding application assistance. Our expertise helps property owners and managers simplify EV charging deployments while maximizing available incentive opportunities.

Helpful definitions

• Level 1 Charging: Uses standard 120V household outlets, fully charging most vehicles within a couple of days.
• Level 2 Charging: Uses 240V power (similar to a dryer outlet), fully charging most vehicles within a few hours.
• Dual-Port: A charging station with two connectors, allowing two vehicles to charge simultaneously.
• Networked Charging Station: Charging equipment connected to the internet allowing remote monitoring, management, and payment collection.
• ENERGY STAR Certification: U.S. government-backed designation for energy-efficient products.
• UL2594: Safety certification standard specifically for electric vehicle supply equipment.
• J1772 Connector: The previous standard connector type used for Level 1 and 2 EV charging.
• NACS (North American Charging Standard): Connector type originally developed by Tesla, now being adopted by all other manufacturers for current and future EVs sold in North America.
  Overburdened Municipality: Areas designated by New Jersey as having higher environmental burdens, economic challenges, or underserved communities.