As utility costs continue to rise, building owners of multiple dwelling units (MDUs) need solutions to improve energy cost allocations and tenant billing.
Single utility meter readings make the energy bill distribution uneven between tenants. This creates an inefficient solution with no incentives for tenants to conserve energy.
Submeters are a smarter and less expensive solution for MDUs as they cost a fraction of the price of a utility meter and can be installed near the building’s breaker panel. Another option includes adding individual meters to each unit in an MDU. Both solutions allow gas and water meters to be integrated as well.
Submetering gives tenants the tools to manage their housing budgets, create transparency in billing and fairly allocate energy costs among residents. It also enables property managers or third party billing companies to generate accurate bills and bill tenants directly for their utility usage and lower operating costs.
