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In some cases, the landlord might add the usage cost to the regular rent or lease bill. In other cases, a third party might read, bill, and possibly even collect for the service. Some of these companies also install and maintain meters and reading systems. [citation needed]
Investment costs to purchase, install and replace meters, Recurring costs to read meters and issue bills based on consumption instead of bills based on monthly flat fees. While the cost of purchasing residential meters is low, the total life cycle costs of metering are high. For example, retrofitting flats in large buildings with meters for ...
The primary driver for the automation of meter reading is not to reduce labor costs, but to obtain data that is difficult to obtain. [citation needed] As an example, many water meters are installed in locations that require the utility to schedule an appointment with the homeowner in order to obtain access to the meter. In many areas, consumers ...
The term smart meter often refers to an electricity meter, but it also may mean a device measuring natural gas, water or district heating consumption. [1] [2] More generally, a smart meter is an electronic device that records information such as consumption of electric energy, voltage levels, current, and power factor.
Design-to-Cost (DTC), as part of cost management techniques, describes a systematic approach to controlling the costs of product development and manufacturing.The basic idea is that costs are designed "into the product", even from the earliest concept decisions on and are difficult to remove later.
Because the Tax Cuts and Jobs Act of 2017 increased the standard deduction to a level where far fewer taxpayers itemized their expenses (which is where they deduct mortgage interest), the cost to the federal government of the mortgage interest deduction was decreased by 60%, from approximately $60 billion in 2017 to $25 billion in 2018. [44] [45]