Our company manages a portfolio of 500 residential units throughout New Jersey and New York. Similar to many owner operators we paid costly heat bills, watching our residents waste energy. This enabled us to develop a patent pending web-based software which measures the amount of time each thermostat is on in a single month (run time) enabling us to accurately allocate usage per unit and charge back the residents.
Since we are using smart thermostats we are able to fully control them, setting them in an algorithm that can save between 25%-30% on the heat cost for apartments that are under rent control or in areas where its not legal to charge residents back for their heat.
The cost for the system is a fraction to the standard heat separation investment and can be recoup in a single winter season.