New Dominion Energy Virginia Program Provides Easier Access to Electric Vehicle Charging for Homes
Rhea-AI Summary
Dominion Energy Virginia has launched the Residential Charger Program, a turnkey solution for customers seeking Level 2 home charging systems for electric vehicles (EVs). This program aims to reduce upfront costs by allowing customers to pay for equipment and installation over time on their monthly bills. It also simplifies the installation process by offering services from certified electricians.
Key features include:
- Income-qualifying customers can receive a charging system and installation at no cost
- The program is accessible via Dominion Energy's website
- Customers receive ongoing support and a five-year warranty
- Virginia currently has nearly 80,000 EVs on the road, with numbers growing rapidly
Dominion Energy offers various resources to support EV drivers, including incentives for off-peak charging and EV charger rewards.
Positive
- Potential increase in customer base and revenue through new EV charging program
- Expansion into growing EV market in Virginia
- Offering of value-added services to customers, potentially improving customer retention
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, D gained 0.12%, reflecting a mild positive market reaction.
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The program reduces upfront costs by allowing participating customers to pay for charging equipment and installation over time on their monthly bills. It also reduces barriers to installation by offering turnkey implementation services from certified and licensed electricians. Income-qualifying customers can receive a charging system and installation at no cost.
"This program eliminates a significant barrier to EV ownership by simplifying the process to purchase and install a home charger," said Nathan Frost, General Manager of New Business & Customer Solutions for Dominion Energy. "We are excited to help empower our customers to reduce their fuel costs and their emissions at the same time."
Dominion Energy Virginia's Residential Charger Program can be accessed at www.dominionenergy.com/virginia/save-energy/electric-vehicles/residential-charger-program. After completing a pre-qualification form, customers are connected to an advisor who collects more details on the home's specifications and the customer's charging needs to determine program eligibility. Qualified customers then receive a detailed proposal from a certified electrician. Once accepted, an installation date is set, with the final package receiving ongoing support from Dominion Energy Virginia and backed by a five-year warranty.
According to the
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About Dominion Energy
More than 4.5 million customers in 13 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in
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SOURCE Dominion Energy