NYC Water Rates to Increase by 7.5% in July

April 13, 2011 at 6:00 pm Leave a comment

The New York City Deparment of Environmental Protection announced last week that the cost of water will go up by 7.5 percent for fiscal year 2012 (July 2011 – June 2012). The new rate will be approximately $8.02 per 100 cubic feet (748 gallons).

The DEP points out that the actual increase is lower than they had projected last year – 7.5% rather than 11.5%, and that customers can reduce costs by 2% by signing up for paperless billing and direct debit payments. Still, average annual costs for multi-family housing will rise from $531 to $571 per unit, according to the DEP (costs for supportive housing units may be lower than costs for overall multi-family housing, due to the lower average occupancy rate).

The bad news is that higher water rates may stress supportive housing budgets at a time when they can least afford it. The good news is that there are actions you can take to mitigate the effects of the rate increase. For instance, installing sink faucet aerators (which cost only $5-10 each) can easily save you 33-80% per year in water costs at each faucet. Low-flow showerheads cost just $8-50 and reduce your water use by at least 33-66% per shower. And these savings don’t even take into account energy savings from reduced hot water heating, which are significant – 73% of water used in showers is heated!

Check out a number of faucet aerators here and low-flow showerhead options here. Don’t forget about educating your tenants about water conservation – something we will be writing more about in the future. And let us know how you’re planning to deal with the upcoming rate increase.


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