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ComEd Creates List of Certified EV Charging Installers to Help Customers Grow Personal Charging Networks

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ComEd, a unit of Exelon (NASDAQ: EXC), has launched its new Electric Vehicle Service Provider (EVSP) Network to support customers transitioning to electric vehicles (EVs). This user-friendly resource helps residential and commercial customers find ICC-certified service providers for installing EV charging infrastructure. The network includes nearly 50 vendors who are familiar with ComEd's rebate programs and can streamline the application process.

ComEd has also introduced $90 million in rebates for EV charging infrastructure and fleet EVs, with over half of the funding reserved for low-income customers and those in equity investment eligible communities. Residential customers meeting income-eligibility guidelines can receive rebates up to $3,750 for Level 2 charger installation. The initiative aims to make EV adoption more affordable and accessible, supporting the growing EV market in Illinois, which has seen registrations increase from 17,000 in 2019 to over 100,000 today.

ComEd, una divisione di Exelon (NASDAQ: EXC), ha lanciato la sua nuova Rete di Fornitori di Servizi per Veicoli Elettrici (EVSP) per supportare i clienti che si stanno passando ai veicoli elettrici (EV). Questa risorsa user-friendly aiuta i clienti residenziali e commerciali a trovare fornitori di servizi certificati ICC per l'installazione delle infrastrutture di ricarica per veicoli elettrici. La rete include quasi 50 fornitori che conoscono i programmi di rimborso di ComEd e possono semplificare il processo di richiesta.

ComEd ha anche introdotto 90 milioni di dollari in rimborsi per l'infrastruttura di ricarica dei veicoli elettrici e per veicoli elettrici di flotta, con oltre la metà dei fondi riservati ai clienti a basso reddito e a quelli delle comunità idonee per investimenti in equità. I clienti residenziali che soddisfano i requisiti di idoneità al reddito possono ricevere rimborsi fino a 3.750 dollari per l'installazione di caricabatterie di livello 2. L'iniziativa mira a rendere l'adozione dei veicoli elettrici più accessibile ed economica, supportando il crescente mercato dei veicoli elettrici in Illinois, che ha visto le registrazioni aumentare da 17.000 nel 2019 a oltre 100.000 oggi.

ComEd, una unidad de Exelon (NASDAQ: EXC), ha lanzado su nueva Red de Proveedores de Servicios de Vehículos Eléctricos (EVSP) para apoyar a los clientes que están haciendo la transición a los vehículos eléctricos (EV). Este recurso fácil de usar ayuda a los clientes residenciales y comerciales a encontrar proveedores de servicios certificados por la ICC para la instalación de infraestructura de carga de EV. La red incluye casi 50 proveedores que están familiarizados con los programas de reembolso de ComEd y pueden agilizar el proceso de solicitud.

ComEd también ha introducido 90 millones de dólares en reembolsos para infraestructura de carga de EV y vehículos eléctricos de flota, con más de la mitad de la financiación reservada para clientes de bajos ingresos y comunidades elegibles para inversiones en equidad. Los clientes residenciales que cumplan con los requisitos de elegibilidad de ingresos pueden recibir reembolsos de hasta 3,750 dólares por la instalación de cargadores de nivel 2. La iniciativa tiene como objetivo hacer que la adopción de EV sea más asequible y accesible, apoyando el creciente mercado de EV en Illinois, que ha visto un aumento en el registro de 17,000 en 2019 a más de 100,000 hoy.

ComEd, Exelon의 한 유닛(NASDAQ: EXC),은 고객이 전기차(EV)로 전환하는 데 도움을 주기 위해 새로운 전기차 서비스 제공업체(EVSP) 네트워크를 론칭했습니다. 이 사용자 친화적인 리소스는 주거 및 상업 고객이 EV 충전 인프라 설치를 위한 ICC 인증 서비스 제공업체를 찾는 데 도움을 줍니다. 이 네트워크에는 ComEd의 환급 프로그램에 익숙하며 신청 과정을 간소화할 수 있는 거의 50개의 공급업체가 포함되어 있습니다.

ComEd는 또한 EV 충전 인프라와 플릿 EV를 위한 9천만 달러의 환급을 도입했으며, 자금의 절반 이상이 저소득 고객과 형평성 투자 자격 커뮤니티를 위해 예약되어 있습니다. 소득 요건을 충족하는 주거 고객은 2단계 충전기 설치를 위해 최대 3,750달러의 환급을 받을 수 있습니다. 이 이니셔티브는 EV 채택을 보다 저렴하고 접근 가능하게 만들어, 2019년 17,000건에서 현재 100,000건 이상으로 증가한 일리노이주의 성장하는 EV 시장을 지원하는 것을 목표로 하고 있습니다.

ComEd, une unité d'Exelon (NASDAQ: EXC), a lancé son nouveau Réseau de Fournisseurs de Services de Véhicules Électriques (EVSP) pour soutenir les clients en transition vers des véhicules électriques (EV). Cette ressource facile à utiliser aide les clients résidentiels et commerciaux à trouver des fournisseurs de services certifiés par l'ICC pour installer des infrastructures de recharge pour EV. Le réseau comprend près de 50 fournisseurs qui connaissent les programmes de remboursement de ComEd et peuvent simplifier le processus de demande.

ComEd a également introduit 90 millions de dollars de remboursements pour l'infrastructure de recharge des EV et les flottes d'EV, plus de la moitié des fonds étant réservés aux clients à faible revenu et à ceux des communautés éligibles aux investissements en équité. Les clients résidentiels répondant aux critères d'éligibilité de revenu peuvent recevoir des remboursements allant jusqu'à 3 750 dollars pour l'installation de chargeurs de niveau 2. L'initiative vise à rendre l'adoption des véhicules électriques plus abordable et accessible, soutenant le marché croissant des EV dans l'Illinois, qui a vu les immatriculations passer de 17 000 en 2019 à plus de 100 000 aujourd'hui.

ComEd, eine Einheit von Exelon (NASDAQ: EXC), hat sein neues Netzwerk von Dienstleistern für Elektrofahrzeuge (EVSP) ins Leben gerufen, um Kunden zu unterstützen, die auf Elektrofahrzeuge (EVs) umsteigen. Diese benutzerfreundliche Ressource hilft sowohl Privat- als auch Geschäftskunden, ICC-zertifizierte Dienstleister für die Installation von EV-Ladeinfrastruktur zu finden. Das Netzwerk umfasst nahezu 50 Anbieter, die mit den Rückerstattungsprogrammen von ComEd vertraut sind und den Antragsprozess vereinfachen können.

ComEd hat außerdem 90 Millionen Dollar an Rückerstattungen für EV-Ladeinfrastruktur und Flotten-EVs eingeführt, wovon über die Hälfte der Mittel für einkommensschwache Kunden und solche in gemeinnützigen Investitionsgemeinschaften reserviert sind. Wohnkunden, die die Einkommensberechtigungskriterien erfüllen, können Rückerstattungen von bis zu 3.750 Dollar für die Installation von Ladegeräten der Stufe 2 erhalten. Die Initiative zielt darauf ab, die Annahme von EVs erschwinglicher und zugänglicher zu machen und den wachsenden EV-Markt in Illinois zu unterstützen, der von 17.000 Registrierungen im Jahr 2019 auf heute über 100.000 gestiegen ist.

Positive
  • Launch of Electric Vehicle Service Provider (EVSP) Network to simplify EV charging installation process
  • Introduction of $90 million in rebates for EV charging infrastructure and fleet EVs
  • Rebates up to $3,750 available for eligible residential customers for Level 2 charger installation
  • Over 50% of funding reserved for low-income customers and those in equity investment eligible communities
  • EV registrations in Illinois have increased from 17,000 in 2019 to over 100,000 today
Negative
  • None.

Insights

ComEd's launch of the Electric Vehicle Service Provider (EVSP) Network is a strategic move to accelerate EV adoption in Illinois. With EV registrations surging from 17,000 in 2019 to over 100,000 currently, this initiative addresses a critical infrastructure need. The network, featuring nearly 50 ICC-certified vendors, simplifies the charging installation process and helps customers access ComEd's rebates more easily.

The $90 million in rebates for EV charging infrastructure and fleet EVs demonstrates ComEd's significant financial commitment to electrification. Notably, more than half of the funding is reserved for low-income customers and equity investment eligible communities, aligning with broader goals of inclusive clean energy transition. This approach could potentially accelerate EV adoption in underserved areas, creating a more balanced market growth.

ComEd's EVSP Network is a important step towards reducing transportation emissions, the largest source of greenhouse gases in the U.S. By simplifying the EV charging installation process, ComEd is effectively lowering barriers to EV adoption. The program's focus on both residential and commercial customers suggests a comprehensive approach to building out charging infrastructure.

The emphasis on training service providers about ComEd's rebate programs is particularly noteworthy. This knowledge transfer can lead to more efficient rebate applications, potentially increasing the uptake of EVs and charging stations. However, the true environmental impact will depend on the source of electricity powering these chargers. As ComEd continues to decarbonize its energy mix, the emissions reduction potential of this initiative will grow significantly.

ComEd's EVSP Network launch is a timely response to the rapidly growing EV market in Illinois. The 488% increase in EV registrations since 2019 indicates a market ripe for infrastructure development. By creating a network of certified installers, ComEd is positioning itself as a facilitator in the EV ecosystem, potentially leading to increased customer loyalty and new revenue streams.

The rebate program, especially with its focus on low-income customers and equity investment eligible communities, could help broaden the EV market beyond early adopters. This inclusive approach might accelerate market penetration, particularly in segments that have traditionally been slower to adopt EVs. For investors, this signals ComEd's proactive stance in adapting to the changing energy landscape, potentially securing its relevance and market position in the long term.

User-friendly website designed to simplify the process of safely installing EV charging equipment

CHICAGO--(BUSINESS WIRE)-- As part of an ongoing effort to support customers considering making the switch to electric vehicles (EVs), ComEd today announced the recent launch of its new Electric Vehicle Service Provider (EVSP) Network. This new, user-friendly resource is designed to help residential and commercial customers find an ICC-certified service provider to install EV charging infrastructure at their home or business. Nearly 50 of these vendors are currently included in the network, and the list continues to grow. These vendors are well-versed on rebate programs offered by ComEd to help customers qualify for rebates when installing EV chargers and streamline the process by applying for rebates on their behalf.

“Switching to an EV can come with a variety of benefits, including fuel cost savings and a reduced environmental impact. However, we know that navigating the EV landscape can be intimidating, which is why ComEd is committed to creating the tools and resources to make it easier for customers to go electric,” said Melissa Washington, senior vice president of customer operations and strategy at ComEd. “ComEd created the EVSP network of local, ICC-certified service providers to assist customers with choosing a certified vendor and make it easier for our customers to qualify for ComEd rebates to help offset EV charger and infrastructure costs.”

EV adoption is on the rise with over 100,000 registered EVs in Illinois alone, up from just 17,000 in 2019. ComEd is committed to helping customers every step of the way with their EV transition and has established a variety of resources, including the new EVSP Network, the ComEd EV Toolkit and a variety of EV related rebates to help make the transition to EVs more affordable and accessible for customers.

In addition to providing a key resource for EV interested customers, the ComEd EVSP Network will provide eligible vendors, including contractors and engineering or design firms, training on the processes and procedures of ComEd’s EV rebate programs. This will enable members of the EVSP network to best support EV charger installations throughout northern Illinois and help customers qualify for ComEd rebates.

“The team of certified EV charger installers at Veteran’s Energy is proud to be a part of the new ComEd EV Service Provider network,” said Ed West, owner of Veteran’s Energy, a Joliet-based service provider. “We anticipate this network will help make it easier for potential customers to connect with us while they navigate their EV journey and pursue assistance in purchasing and installing EV charging equipment and related infrastructure.”

Any qualified service provider with ICC EV installer certification may submit an application to be included in the free ComEd EVSP program. For eligibility guidelines, applications and more information on this program, visit ComEd.com/EVServiceProvider.

This year, ComEd launched nearly $90 million in rebates for EV charging infrastructure and fleet EVs to lessen the financial burden of making the switch to EVs for customers. To ensure the benefits of EVs can be accessed by all communities, ComEd’s EV rebate programs reserve more than half of all funding for low-income customers, as well as those who reside in equity investment eligible community (EIEC). Business and public sector customers, including school districts and local governments, can apply for rebates to offset the cost of necessary make-ready infrastructure to install Level 2 or Direct Current Fast Chargers and electric fleet vehicles. Funding in 2024 remains available for residential customers who meet ComEd’s income-eligibility guidelines or who reside in an EIEC. These customers can receive rebates up to $3,750 to offset the upfront cost of purchasing and installing a Level 2 charger at home. Additional funds will become available in 2025 for all residential and non-residential ComEd customers. Additional funds will become available in 2025 for all residential and non-residential ComEd customers.

For more on EV resources and programs offered by ComEd, please visit Comed.com/Clean.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population. For more information visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.

ComEd Media Relations

312-394-3500

Source: ComEd

FAQ

What is ComEd's new Electric Vehicle Service Provider (EVSP) Network?

ComEd's EVSP Network is a user-friendly resource designed to help residential and commercial customers find ICC-certified service providers to install EV charging infrastructure at their homes or businesses. It includes nearly 50 vendors familiar with ComEd's rebate programs.

How much in rebates has ComEd (EXC) introduced for EV charging infrastructure?

ComEd has introduced nearly $90 million in rebates for EV charging infrastructure and fleet EVs to help customers transition to electric vehicles.

What is the maximum rebate available for residential customers installing Level 2 chargers?

Eligible residential customers can receive rebates up to $3,750 to offset the upfront cost of purchasing and installing a Level 2 charger at home.

How has EV adoption changed in Illinois since 2019?

EV adoption in Illinois has significantly increased, with registered EVs growing from 17,000 in 2019 to over 100,000 today.

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