Some of the greatest benefits of submetering technology come in the form of property owner advantages. Commercial Property Executive recently outlined the top 5 reasons property owners should invest in submetering, which include significant savings to both tenants and management.
- Transparency—allowing tenants to see their exact usage at frequent intervals helps them understand their bills better, and helps management communicate the reasoning for, and positive effects of, conservation efforts
- Cost Certainty—“By collaborating with tenants on an integrated whole-building submetering solution, the landlord can recoup energy costs by billing tenants for their actual energy use”
- Identify Issues—submetering allows property managers to measure and manage real-time usage, meaning that malfunctioning equipment can be identified and then serviced or replaced before it can wreak havoc by wasting resources
- Conservation Motivation—“Information gained from submetering combined with smart tenant engagement strategies increases occupant awareness about easy-to-adopt energy-saving actions, and contribute towards whole-building energy savings”
- Future-Proofing—As energy codes such as ASHRAE 90.1 and Title 24, as well as local ordinances such as NY LL 88 continue to push forward submetering as a requirement, proactively incorporating these strategies allows property owners to meet upcoming standards while reaping tomorrow’s benefits today
