Summer water restrictions remain in effect despite recent rainfall
As of this week, almost 40% of the country is in a drought, with many states under water restrictions. Customers are also paying more for water — one recent report saw water rates increase faster than any other household utility, at an average of 4.2% per year.
Experts anticipate water scarcity and high prices will worsen as climate change and record-breaking temperatures impact the availability of potable water. Aging water and sewer lines exacerbate the issue, leading municipalities to look for additional sources of income to finance updates to the infrastructure, which ultimately result in rate increases for customers.
But it’s not all bad news. There are low-stakes solutions for consumers to reduce their water expenses. And the savings compound for multifamily households, which use 30% less water per person than their single-family counterparts. By making a few simple tweaks to help residents conserve even more water, property owners can save on utility costs while also being good stewards of the environment.

Multifamily property owners can be leaders when it comes to creating environmentally conscious communities that are drought tolerant, thoughtfully designed, and beautiful places to live.
“In 2022, residents, especially younger ones, want to live in environmentally friendly communities,” said Richard Lamondin, ecofi co-founder and CEO. “Property owners who prioritize conservation efforts, deliver on eco-friendly promises and tell that story with conviction will reduce their water expenses while increasing resident retention rates and NOI.”
By implementing environmental property updates that are easy to scale and produce a quick return on investment, ecofi has saved customers 6.2B gallons of water and $56 million in utility costs. If you’re looking to outsource your water conservation efforts, ecofi offers a complete portfolio of multifamily property services, including nationwide capabilities and in-house teams.
Contact us today to learn how we can save you money and time.
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