Add a new electric meter?

Question

So I have a two flat, but it has common stairways and a laundry room. Will ComEd add a meter that I can have an electrician just wire to those areas even if it doesn't directly correspond to a unit? We'd be looking at adding a third meter that we'd pay so the tenants wouldn't be responsible for the common areas at all.

If possible, has anyone done this or have an estimate of the cost to see if it's worth it?

Jason Albasha · Answer

Just did this in Jefferson Park. You'll need a new meter and electric panel. Had to update the other meters as well and it ran me about $3,500. You have to have an electrician prepare everything and he tells ComEd, then ComEd will come out and install the new meter within a month. Message me and I can refer an electrician who was great to work with.

Pat L. · Answer

New 200amp service stack from the meter base to the roof, new 200 amp service panel & respective breakers. Utility installed their new meter & ran their wiring from the street to my new weather-head.

Parts $800, NY State Inspection $54 & a Town Permit was NOT required for this property. I then sent the NY State Inspection to the Town & my Ins Carrier. Quotes from electrical service companies ran $3000-$4500.

I also installed a new 100amp service panel last year in a flip. Got the permit & installed it all myself. I subsequently rewired the entire home to upgrade all the circuits to code. The Utility had removed the meter  & reinstalled an upgraded meter after the electrical Inspection. New Panel & breakers $250 Permit $150.

John Warren · Answer

@Lucas Hammer this is a fairly common item, and it would probably run in the 2-3k range to do this. This is something which is often required by code in 3 and 4 units in the suburbs, so I run across this repair fairly regularly.

Lucas Hammer · Answer

Fair point. The two units are already separated, but one unit is paying all of the laundry room costs and the other is paying all of the common area lighting costs, so that's where I was wondering if a third meter would be worth it. It easily won't be, but I'm just comparing all my options for how to handle the property when I move out of one of the units (hopefully soon).

Add a new electric meter?

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