Are you still billing by square footage for energy that your tenants use? With a quick easy installation of the Eyedro Tenant Package you can accurately bill your tenants for electricity, water and natural gas.
Eyedro’s multi-tenant submetering solutions take the guesswork out of billing your tenant! Eyedro’s automated, transparent, online billing system truly reflects the energy being used. You can securely share real-time consumption and billing data with your tenants which allows them to control their energy usage without questions or acrimony.
Interested in learning more? Book a product demo with our sales team to find out how Eyedro energy monitoring can help your business!
For commercial and industrial landlords and property managers, utility cost recovery in shared spaces is often a persistent administrative headache and a major source of tenant friction. Relying on square-footage-based billing is inaccurate and outdated. It obscures energy waste, and provides no incentive for conservation.
By deploying Eyedro’s suite of wireless sub-meters for electricity, gas, and water, you transform utilities from a mystery cost into detailed, actionable data that you can use for precise expense allocation, operation optimization with detailed on/off/idle visibility, enhanced tenant satisfaction, and streamlined ESG compliance reporting.
Contact Eyedro Sales for more information on how we can craft a custom solution for your business.
Equip your retail tenants with the insight to control their energy costs. Eyedro’s sub-metering solutions allow for granular monitoring of HVAC and lighting systems, directly correlating energy use to spend during peak hours. This transparency fosters accountability and encourages the adoption of energy-saving habits among tenants.
For modern retail property managers and landlords, energy costs in multi-tenant spaces represent both a significant challenge and a massive opportunity. The complexity of HVAC and lighting demand across multiple units can obscure operational inefficiencies. Eyedro provides solutions for multi-tenant energy monitoring including electricity, water and gas which provide immediate, high resolution visibility.
Contact Eyedro Sales for more information on how our multi-tenant metering can benefit your retail spaces.
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Without individual metering, energy is often a generalized cost based on square footage. With Eyedro sub-metering, the tenant only pays for the power they actually use. They can directly see the financial impact of turning off unused lights or adjusting the thermostat, providing immediate gratification for cost-conscious management.
For retail, peak demand charges can make up a huge portion of the energy bill. By receiving real-time data or detailed reports on when their usage (especially from HVAC and high-intensity lighting) spikes, the tenant can make surgical operational adjustments to “peak shave.” (e.g., cooling the store slightly more before the peak rate kicks in). This is a precise strategy for avoiding the most expensive energy rates.
Multi-tenant metering eliminates the “black box” of utility billing. Tenants are not reliant on a landlord’s calculation or split-billing; they receive verified, data-driven billing. This transparent relationship builds trust with the property management and gives the tenant total confidence that they are being charged fairly for their specific usage.
Many retailers, including national chains and sophisticated local boutiques, have their own corporate sustainability goals or “Green Operations” mandates. Eyedro provides the verifiable data needed to report on their progress toward energy reduction. This simplifies the corporate social responsibility (CSR) reporting for the tenant’s organization.
Sudden, unexplained spikes in a tenant’s data can reveal non-obvious operational issues. It might identify that a freezer is running constantly due to a broken seal, or that the night staff is leaving the lighting system on after closing. Identifying these issues early allows the tenant to fix the problem and stop the energy waste before it results in a massive, budget-breaking monthly bill.
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Sub-metering with Eyedro eliminates the friction often associated with common area maintenance (CAM) and utility billing. When tenants are billed based on their actual, measured energy consumption (for specific systems like HVAC or dedicated lighting), it is perceived as more equitable than splitting costs based purely on square footage. The landlord avoids disputes over perceived “unfair” energy use by other tenants and can accurately charge for high-usage scenarios.
In the short term, giving tenants data empowers them to reduce their usage, particularly when facing high-peak demand charges. While tenants save on their specific bills, this behavioral shift also reduces the overall energy draw of the entire building. As a result, the landlord’s own common area and baseline energy costs decrease, often during the most expensive times of the day, improving the building’s operating margin.
Modern tenants are increasingly demanding sustainable, energy-efficient spaces with operational transparency. A building equipped with Eyedro multi-tenant metering stands out in a competitive market as a “smart,” “green,” and “tenant-focused” property. This visibility is not just a utility service; it is a marketable premium amenity that can justify higher rent, attract high-quality tenants, and increase overall asset value.
Many commercial landlords now face strict Environmental, Social, and Governance (ESG) mandates or benchmarking regulations (such as Energy Star). Obtaining highly accurate, system-specific usage data across multiple tenants is essential for compliant reporting. The detailed data collected by Eyedro’s meters automates this reporting, making it efficient for the landlord to prove the building’s sustainability achievements and secure “Green Building” certifications, which can further increase asset value and open up cheaper financing options.
The “lighting and HVAC during peak hours” data doesn’t just show consumption; it provides actionable operational intelligence. If a single tenant’s HVAC system consistently shows an unusual energy spike, it might not just be high usage; it may be an early indicator that the equipment—often landlord-owned—is failing, needs maintenance, or has a faulty thermostat calibration. Identifying these issues early via continuous sub-metering allows the landlord to perform preventative maintenance, avoiding catastrophic failure and extending the overall lifespan of expensive building assets.
Explore the Eyedro for Business store to find the right device for your business energy monitoring needs.