Many buildings can expect to see an increase in their maintenance budgets that are well above the rate of inflation. Through electric submetering, property managers can offset these increasing costs in both multi-residential and commercial buildings.
What is electric metering?
Electric submetering allows for the measurement of electricity used in individual units. Priority will read each units electric meter and bill the unit owner for the electricity they consume. Each unit owner has control over their electrical costs and those who conserve will save.
- Increased building value
- Decreased operating costs
- Billing accuracy
- Individual billing
- LEED certification credits
- ‘User pay’ system
How does it work?
Meters are installed in the electrical closets in the hallways. Once they are activated, the meters are remotely read and usage data is collected for billing purposes and collecting consumption data for each unit.
Priority then produces and sends accurate invoices to the residents and tenants.