Converting electric metering an apt from mastered to direct

[John Public]

Do you know how much it costs to convert an apartment building from mastered metering to direct metering for the electric meters? And who could do this, the local power company? Is their anyone else who could do it properly for less?

Also is it a good cap improvement to make based on the savings of not paying the power each month? Also approximately how many years until it pays for itself? That utility seems to be the most expensive by far compared to water, gas, trash, etc. for all the apartment's I am looking at purchasing.

And if I then immediately let the tenants know they will be paying their own power bill for now on, are their any other gotchas I need to know, lease issues, legal, etc...?