A submetering provider is a company that installs and maintains submeters in buildings, including apartment buildings and condominiums. Submeters are used to measure the individual usage of utilities, such as electricity, gas, or water, by each unit or resident in a multi-unit building.
The purpose of submetering is to accurately allocate the costs of utilities among the individual units in a building, rather than having a single meter for the entire building and dividing the costs equally among all the units. Submetering allows each resident to be responsible for their own usage and to pay for only the utilities they actually consume.
Submetering providers typically install the submeters and set up a system for collecting and billing the usage data. NES also offers services such as daily reads, resident billing, and resident support.
How much do submeters cost to install?
On average, it usually costs only a few hundred a unit for labor and equipment. The exact amount varies depending on the complexity and property layout. Our team will be happy to provide a free quote. We can also provide you the equipment and you can have your local plumber install. Typically, in 12 months you will see a return on your investment. We have some properties that completely recovered their cost in 6 months and they didn’t even meet their yearly utility budgets. Residents conserve more when they are directly responsible for the costs.
A few other benefits:
• The ability to detect underground leaks
• Common area utilities can be billed to residents (not available in certain states)
• Submeters can increase the value of your apartment complex due to increased profits
• NES also offers vacant recovery services which results in increased utility savings
What is RUBS and how can it help communities that can’t be metered?
RUBS is an acronym for Ratio Utility Billing System. RUBS uses formulas to allocate utility costs for water/sewer, gas, and 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 over 40 states with a focus on properties with more than 100 multifamily units. NES is uniquely structured to handle these large projects efficiently and professionally and is the only company that offers extended warranties on submeters.
Our dedicated compliance team actively verifies state and county regulations, the in-house customer phone and email support team provides 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.
Do you own or manage a multifamily property with 100 or more units?
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