How Does Electric Submetering Work?
Electric submetering works by installing individual electric meters to measure the consumption of electricity for a particular multifamily or commercial unit. Electric submeters are installed between the main utility meters and individual units, which allows for the exact measurement and billing of electricity to that resident.
NES is a leading provider of submetering equipment and submetering billing services for multifamily properties with an excess of 100 units. NES will install the meters, monitor the meters and bill the residents for their exact usage every month. Submetering is the best method to prevent dramatic rent increases due to the increase in utility costs.
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What are the benefits?
If you are trying to recover operating expenses for your apartment complex, submetering is the answer.
When a property installs electric submeters, residents work harder to conserve energy, therefore reducing overall consumption dramatically. Submetering is also instrumental in detecting leaks. Common area electric usage can be accurately measured and billed accordingly.
Submetering can also increase the value of your apartment complex or mobile home park.
Bottom line: The return on the investment is usually seen within 12 months. The property owner is able to save utility costs since the residents pay for the electricity they used.
What types of real estate can be Submetered?
All types of real estate can be submetered. We serve both new construction and existing properties, those with equipment in place and those requiring equipment. Properties types include apartment communities, mobile home parks, townhomes, and condominiums. We specialize in properties with 100+ multifamily units.
What is RUBS and how can it help real estate that can’t be metered?
RUBS is an acronym for Ratio Utility Billing System. RUBS uses formulas to allocate utility costs for electricity when meters are not an option or if your investment dollars can be better utilized elsewhere. We have a variety of RUB options to choose from and our team will outline them in accordance with your goals.
Does Submetering have regulations?
Yes. Lots of regulations. The laws and regulations regarding submetering multi-family properties change frequently and vary greatly per state and county. If you plan on installing and servicing your own Submeters without NES (National Exemption Service), we highly recommend staying up to date with the latest regulations.
Can National Exemption Service handle my large property?
National Exemption Service (www.Submeter.com) is one of the largest Submetering companies in the USA. We currently provide Submetering and RUBS services in 40+ states, with a focus on properties larger than 100 multifamily units. NES is uniquely structured to handle these large projects efficiently and professionally.
Our dedicated compliance team actively keeps up with state and county regulations, in-house customer phone and email support team provide friendly assistance and the President & Owner actively manages the entire team. Protect yourself from liability and let NES handle your real estate.
National Exemption Service (NES) President & Owner is also a voluntary board member of the Utility Management & Conservation Association which makes him privy to best practices in the industry.Warren
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