Condominium/Apartment Building Electric Meter Conversions
In order to meet energy codes and reduce operating costs many Condominium and Apartment buildings are looking at options to transfer responsibility for residential electrical usage to the owners or occupants of their units. There are a number of ways to accomplish this physically and there are also a number of consequences to the landlord requiring rent restructuring. INTECaec can assist you in both regards.
INTECaec is both a design engineering and architectural firm capable of designing utility and energy saving improvements in your building and they are an expert consultant with years of experience estimating the utility costs that will result from the conversion.
Whether a property is governed by a local rental authority or subject to federal HUD requirements there are many times that it becomes necessary to calculate the value of electrical costs passed to tenants. If these calculations are done poorly, or done using the baseline assumptions that housing authorities provide, the result can be hundreds of thousands of dollars of unnecessary expense to landlords in the form of excessive rental credits. Alternatively, by providing your own analysis of cost using a qualified expert a realistic estimate based on sound engineering analysis is typically much lower. The resulting rent reductions are much lower and responsibility for electrical use will pass to the users, where the energy code now requires it to be, in perpetuity. Once in their hands, responsible users can then adapt their own consumption and save even more. It is a win-win situation.
What if INTECaec could show and your residents a way to save on utility bills? What if we could also show you how to save real energy at the same time? Improvements in lighting, heating and air conditioning and to electrical systems themselves make apartments more livable and therefore more rentable. Done properly net rental income can be increased and tenants can reduce their living costs while enjoying a better quality of living at the same time.
Recent developments, — including increasing requirements for energy conservation, advances in meter technology and an increase in the financial incentives provided by local governments are resulting in boards and landlords giving energy improvements and individual tenant metering a second look.
Share with us your goals for energy and utility costs in your property and see what INTECaec can do for you…
We can be there to walk you through the options. You may be surprised at the opportunities.