Implementing a submetering system creates a fair, user-pay system and empowers individuals with data that allows them to make informed decisions about utility use. User-pay systems encourage people to change their energy-using habits and can generate overall utility savings of up to 25 per cent.
Submetering lowers building operating costs and increases property values. Utilities can eat up 70 per cent of a condominium’s annual budget and utility costs are rising by eight per cent a year. Clean Cut Energy’s smart utility management systems provides fair, user-pay billing that reduces overall consumption. Plus, 24/7 monitoring detects leaks and equipment failures — and can differentiate between faulty infrastructure and high consumption — before such issues become expensive surprises.
By taking utilities out of the monthly fees equation, building owners can protect themselves against rising utility costs and pass along the savings through lower fees, and buildings with lower condo fees sell faster while fetching higher prices.
For Developers, submetering can increases the saleable square footage ratio of your building by eliminating the need for large utility rooms and dedicated utility runs.