Your Utility Partner
Banyan Utility, formerly Multifamily Utility Company, helps multifamily property owners encourage conservation, recover utility costs, reduce operating expenses, and maintain a low carbon footprint.
Markets We Serve
Banyan, formerly Multifamily Utility Company, is experienced with a wide range of property types. If you have 20 or more units, we can help you increase your NOI and achieve your sustainability or conservation goals.
Are You Ready To Increase Your Net Operating Income?
Our utility experts work with multifamily owners to customize a program that works for you and your residents. In many cases, your out-of-pocket will be nothing. Have a free consultation with one of our experts to discuss the regulations in your area, your options, and how much utility expense you can recover.
Learn More About Our Customized Programs For Your Multifamily Community
Collections
Collecting residents’ payments can be a hassle for property managers and leasing agents. Our collections program takes care of this for you while treating your residents with the best service possible.
Convergent Billing
Multiple bills can confuse residents, so when a property chooses Convergent Billing they have a higher probability of collecting payment.
Energy Audits
Find out where your utility expenses may be needlessly occurring with an energy audit that can find costly problems and opportunities to optimize your services.
Energy Procurement
Received the best energy contracts with our energy procurement program that helps you negotiate agreements with better terms and conditions.
Metered Electric Car Charging
The i-meter EVCMC system is cost-effective for existing properties because you don’t need to add more electrical circuits. This electrical innovation protects your existing infrastructure by alternating and distributing the power to multiple chargers.
Meter Maintenance
Get completely accurate readings with our meter maintenance program that ensures your meters are not faulty and are reading the actual amount being consumed.
Ratio Utility Billing Systems
Benefits of Using Ratio Utility Billing include zero capital investment, reduce operating costs, and encourages conservation.
Smart Thermostats
Our new SetpointControl electricity program provides a smart thermostat in each unit to allow property owners and managers to remotely control temperatures inside each unit. The smart software allows authorized users to account for the direction the unit faces, seasonal temperatures, and other factors to create a comfortable, yet efficient, utility management program.
Solar Financing
Banyan Utility continues to innovate in the area of bringing you the most effective ways to manage your energy costs and we’re proud to introduce a new solar financing program with Pacific Coast Power for panels, installation, and even your submeters.
Submetering
The ultimate utility expense recovery solution. Our quality submeters have a fast ROI and a long life. We only use the highest quality products and we will design, install, and maintain your submetering system.
Utility Benchmarking
Required for green loans and California properties, utility benchmarking is the process of tracking, analyzing, and reporting the costs and consumption associated with a property.
Utility Expense Management
Avoid late fees and shutoffs, micromanaging master utility bills, and monitoring rates with our comprehensive utility expense management program.
Utility Invoice Auditing
Identify and recover expensive billing errors with our proprietary utility invoice auditing program.
Utility Rate & Tariff Analysis
Gain the confidence you are paying the best rate and avoiding NOI-damaging overcharges with our utility rate and tariff analysis.
Vacant Cost Recovery
With Vacant Cost Recovery (VCR), the property will never have to pay for an occupied unit’s utility costs. VCR is a solution Banyan Utility offers to help the property recover utility costs of occupied units.
Banyan Utility Customer Testimonials
Six Consecutive Years on the Inc 5000 Fastest Growing Companies List
Recent Blog Articles
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BANYAN Utility, the leading provider of innovative utility management solutions, is proud to introduce its full suite of services tailored…
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In multifamily, utility expenses often represent one of the largest line items in a property’s operating budget. For property owners…
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BANYAN Utility is excited to announce that Ryan Hemphill is transitioning to a new role as Vice President of Strategic Sales as…
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In property management, the importance of exemplary customer service often takes a backseat to other pressing concerns. However, when it…
Recover The Cost & Bill Back For Utilities
Water
Conservation of this precious resource protects the environment and reduces your monthly expenses. Submeters allow residents to understand, and therefore control, their usage.
Gas
Gas submetering helps reduce utility expenses and increases the safety of properties. Submetering is fair to residents and encourages them to manage their utilization. It’s hard to conserve if you don’t see the bill.
Electric
Submetering electric can dramatically reduce utility utilization in areas with a heavy air conditioning demand.