Assumes Rent or Monthly Fees remains at the same rate, and utilities are assessed on top of current rent after retrofit
Water/Sewer Cost Recovery Calculator
Cost Recovery Method – this method takes the money being spent out of pocket on a utility and dedicates it to paying for the submetering system. This is possible because the submetering system allows residents to pay for the utility directly, which places the currently budgeted money back into your bank account.
*This is an estimated cost. The actual cost of a submetering system will vary depending on a number of factors.
Based only on Reductions in Consumption
Cost Reduction Recovery Calculator
Cost Reduction Method – Statistically, installing submeters will reduce consumption by 20-40%. This method takes the utility savings and dedicates it to paying off the submetering system.
*This is an estimated cost. The actual cost of a submetering system will vary depending upon a number of factors.
Frequently Asked Questions
1What is multifamily submetering?
Multifamily submetering measures each resident’s individual water, gas, or electric usage so tenants only pay for what they consume.
2How does RUBS billing work in Florida?
RUBS billing allocates a property’s master utility bill among residents using factors like occupancy, square footage, or number of bedrooms.
3Can apartments bill tenants for water in Florida?
Yes, apartments can bill tenants for water through submetering or RUBS when properly disclosed in the lease agreement.
4What are the benefits of utility cost recovery?
Utility cost recovery helps property owners reduce operating expenses, increase NOI, and encourage conservation.
5How much can submetering reduce utility costs?
Submetering can reduce utility consumption and costs by approximately 15% to 40% depending on the property.
6What types of properties qualify?
Apartments, condos, mobile home parks, RV parks, student housing, mixed-use properties, and commercial buildings can qualify for submetering and utility billing services.
