How Does It Work?
The car charging socket installed in your parking bay is connected to a common electricity meter dedicated to car charging. Utility bills corresponding to this meter are paid by your homeowners association, which you agree to reimburse for costs associated with electricity consumed through your car charging socket.
When you subscribe, you provide us a credit card and we activate your car charging socket for your use. Each month, we calculate the electricity consumed through your car charging socket as a percentage of the total electricity recorded on the utility bill corresponding to the dedicated meter for a given time period. This percentage determines your share of the total electricity bill, and therefore the amount you owe and we reimburse the homeowners association on your behalf.
How Much Does It Cost?
When you subscribe, we will charge your credit card: (i) a monthly service fee of $10.00 per month, (ii) usage fees consisting of your share of the homeowners association electricity bill, and (iii) standard 3rd party transaction processing fees of approximately $0.30 plus 2.9% of service and usage fees.