We’re currently reviewing a new strategic initiative for Solcode to enter the residential EV charging space by deploying smart 7kW home chargers, integrated into our app platform. This would create a shared charging network with minimal friction for hosts and a significant margin opportunity for Solcode.

Below are three proposed operating models. For clarity, we’ve included exact annual revenue calculations for each based on the following assumptions:
* Each charger delivers 40kWh/day
* 365 days of operation
* Electricity charged to users at £0.20/kWh

Model 1: Solcode Covers All Costs

* Homeowner Contribution: £0 (device + installation fully funded by Solcode)​
* Revenue Share: 80% Solcode / 20% Homeowner
Annual Revenue Calculation:
* Total annual energy: 40kWh/day × 365 = 14,600kWh
* Total income: 14,600kWh × £0.20 = £2,920
* Solcode share (80%): £2,920 × 0.8 = £2,336
* Homeowner share (20%): £2,920 × 0.2 = £584

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Model 2: Homeowner Pays Full Setup Cost

* Homeowner Contribution: £700 (device) + £300 (installation) = £1,000
• Revenue Share: 12% Solcode / 88% Homeowner
Annual Revenue Calculation:
• Total income: 14,600kWh × £0.20 = £2,920
• Solcode share (12%): £2,920 × 0.12 = £350.40
• Homeowner share (88%): £2,920 × 0.88 = £2,569.60
• Net homeowner gain after cost recovery: £2,569.60 – £1,000 = £1,569.60 in Year 1; full profit from Year 2

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Model 3: Hybrid Cashback Scheme

• Homeowner Contribution: £700 (device only); Solcode covers £300 (installation)
• Solcode Cashback: £100–£300 depending on usage
• Revenue Share: 12% Solcode / 88% Homeowner
Annual Revenue Calculation:
• Total income: 14,600kWh × £0.20 = £2,920
• Solcode share (12%): £2,920 × 0.12 = £350.40
• Homeowner share (88%): £2,920 × 0.88 = £2,569.60
• Homeowner net revenue after average cashback (£300): £2,569.60 – (£700 – £300) = £2,169.60

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Residential Requirements for Participation
Properties should meet the following conditions to be eligible:
* Private driveway or parking space suitable for guest vehicles
* Household electricity supply stable enough for 7kW charging
* Consistent time availability for external users to charge
* Safe, well-lit and accessible environment
* Willingness to manage booking approvals and ensure space availability

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We’d value your feedback on:
* Which model you believe is most scalable and commercially sound
* Whether Model 1’s 20% share is sufficient to motivate homeowners if no cost is incurred
* Whether Model 3’s cashback model is compelling or too complex to scale effectively