With tightening water quality standards and aging
infrastructure driving up water rates around the country,
some apartment owners are turning to submetering
to protect their bottom line.
Annual water rate increases are more than just
an inconvenience— they’re a huge financial
burden for multifamily property owners and
managers. Municipal water rates are increasing
by up to 55 percent in some districts, with an
average nationwide increase of 12.9 percent going into 2011.
Property owners in Kentucky, for instance, recently experienced a
37 percent rate increase, translating to approximately $10 per
household per month.
Among the factors causing the increase are the tightening of
Environmental Protection Agency (EPA) requirements
on water
quality and waste distribution in the United States, a growing
need to improve crumbling municipal water infrastructures (such
as pipes, pumps and treatment plants), and significant declines in
water consumption because of the poor economy.
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