News By Tag
* Heat Metering
* Heat Meter
* Utility Billing
* Gas Allocation
* Central Heat
* More Tags...
News By Place
New Service Helps Multifamily Owners Substantially Reduce Gas Costs
Owners and property managers who operate multifamily complexes with central heating systems can affordably meter these properties and bill tenants for their share of the overall gas cost. This increases NOI and reduces utility expense.
American Conservation & Billing Solutions, Inc. (AmCoBi) has just announced a new service that combines:
- Heat metering for central systems: baseboard radiation, fan coils, or furnaces
- Resident utility billing: performed on a monthly basis
This service enables owners to shift the tenant portion of the gas bill back to tenants, insulate their balance sheets from rising utility price costs, and quickly increase net operating income (NOI). Not only does heat metering benefit owners, it offers a more equitable way to bill residents for utilities, and tenants benefit financially when they conserve.
A heat meter is an electronic device installed on a baseboard radiator, for example, in an apartment unit. It records how long a tenant is using heat and other key data. With a wireless transmitter, the information is sent to a telephone- or Internet-enabled data collector. AmCoBi downloads the usage data, performs a series of calculations, and computes an allocated resident gas bill.
For a one hundred unit complex, the price to install a wireless heat metering system is roughly $190-250 per unit. A system can be installed quickly and doesn't require the services of an electrician or plumber. After heat meters have been implemented and the resident billing process begins, it's possible to see a reduction in total gas consumption as high as 35%! That's a dramatic way to reduce costs, make a multi-residential complex more price competitive, and shrink your carbon footprint.
For more information, visit: www.AmCoBi.com, call toll-free: (877) 410-0167, or send an e-mail to: Sales@
# # #
AmCoBi offers affordable, reliable utility billing, submetering, and data analysis services to owners and property managers who operate multifamily apartments, condominiums, or student housing complexes. AmCoBi helps owners improve cash flow, reduce operating expenses, and maximize profitability.