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Setra Blog

Jul 28, 2016 5:30:00 AM

Why Invest In Tenant Billing?

The goal of every residential and commercial building owner is to attract tenants and be profitable in the market. So what does tenant billing have to do with that? Tenant billing is an opportunity for building owners to understand where their energy is being used so they can charge tenants according to actual usage. Although it may seem like a lot of effort to implement submetering and to hold each individual accountable for their energy usage, tenant billing is a great investment for the following reasons:

 1. Reduce Expenses
  • High ROIbigstock-Real-estate-agent-shaking-hand-102025619-1.jpg
    • High initial cost
      • It can cost a couple hundred dollars for a meter, however you save more on energy costs in the long run
  • Verify electricity bills and eliminate overcharges from energy provider
  • Demand control, gain insights to energy reduction
  • When renters are responsible for their own energy costs, they reduce energy consumption through simple adjustments such as turning off heating when not in use
  • Data can show areas of peak demand

  2. Attract high quality and long term tenants
  • Empower tenants by holding them accountable and giving them control over their energy consumption and costs
  • Earn reputation as a responsible owner, attracting quality tenants
  • Submetering can reduce landlord-tenant disputes
  • Allow tenants to pay by amount of energy used rather than per sq. ft.

  3. Increases Building Efficiency
  • In the long-term submetering can provide owners with valuable data.
    • Data patterns can show areas of needed improvement to further increase building efficiency
    • Data can identify leaks and damages needed for quick repair
    • Benchmarking data allows for a direct comparison to competitors for performance
  • Sustainable building efforts allow building equipment and machines to last longer
  • Reporting data can help building owners operate more efficiently and promote their efforts


CLICK HERE to learn how to select a power meter.

Topics: Energy Management, Building Automation, HVAC/R

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