Submetering is when a property manager, landlord, or any type of multi-tenant property collects and measures individual utility usage including but not limited to electric, gas, and water. Submetering systems can help property owners efficiently manage and bill out for the utility consumption within their buildings. Byram Labs' goal is to provide the highest quality submetering systems on the market. With this in mind, we keep our submetering systems simple, so you and your residents do not have to worry. Our remote meter reading software platform is integrated with our electric, water and gas submeters and brings your residents' utility data to light, providing 100% transparency into utility usage and costs.
How Does Utility Submetering Work?
- The signal flow starts with the submeter, which tracks energy consumption.
- Once the signal is received from the submeter, the Data Collector sends the data over a secured wireless network.
- Once Byram receives the submeter information from the Data Collector, we analyze the data and prepare it for display.
- Byram Labs makes all of this data available to you, so you can get detailed feedback on your submeter information and usage.
How Does Utility Submetering Work?
- Short ROI on installing submeters (Less than 2 years “around 1.8 years on a 70 unit community” “around 1.5 years on a 250 unit community”)
- Increase NOI - Collect money from residents as opposed to paying out of pocket. If you include utilities in rent, you can increase NOI by providing monthly reports to residents and having competition of who can conserve the most
- Increase Property Value – installing submetering systems is seen as a value add to future investors
- Risk Reduction – We use utility grade submeters (meters that are the same caliber that the utility companies use) for increased accuracy and more precise bills
- Market-ability – “green building” – both Energy Star and LEED certification requires building wide benchmarking and our submeters and software package integrates seamlessly with this requirement
- Improve Efficiency – No longer need to manually read submeters and input data, information is automated in an easy to navigate interface. With a few clicks of a button your utility bill is ready.
