What will meter installation cost?
Installation costs can vary depending on many variables, i.e. new construction or existing construction, utility in which to sub meter, plumbing configuration, and hot water tank location. Existing communities will need an on-site assessment performed by MeterNet. New Construction can be analyzed by site plan drawings. Installation cost usually run between $180-$250 per unit for retrofit construction and $130-$180 per unit for new construction. Included in this cost are meter, meter installation, sub metering technology, sub metering technology installation, and all property management training. On RUBS properties there is no capital investment needed. Depending on your community’s local municipality’s rates, your sub metering system R.O.I will be vary, you can use our NOI Calculator to help determine the timeline. Keep in mind in the case of water sub metering you have both water and sewer rates to pass on to the resident.
