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Home My WebLink About6.a.iii. 2nd Meter Credit Calculation5/8" Meter Cost Count 1" Meter Cost Count Avg Meter Cost*Permit Plumber Total 2012 $237.00 6 $321.00 17 $299.09 $75.00 $350.00 $724.09 2013 $241.00 12 $326.00 21 $295.09 $75.00 $350.00 $720.09 2014 $213.00 4 $327.00 4 $270.00 $75.00 $350.00 $695.00 2015 $217.00 9 $338.00 14 $290.65 $75.00 $350.00 $715.65 2016 $221.32 7 $346.55 3 $258.89 $71.00 $350.00 $679.89 Average Cost $706.94 *Added cost of all 5/8" meters plus cost of all 1" meters, then divided by the total number of meters. Installed Number of Meters Avg Cost Yrs of Benefit Avg Annual Savings** Individual Rebate Total Rebate 2012 23 $724.09 4.5 $127.00 $152.59 $3,509.50 2013 33 $720.09 3.5 $127.00 $275.59 $9,094.50 2014 8 $695.00 2.5 $127.00 $377.50 $3,020.00 2015 23 $715.65 1.5 $127.00 $525.15 $12,078.50 2016 10 $679.89 1.0 $127.00 $552.89 $5,528.89 Total Refund $33,231.39 ** Average annual savings based on estimated 58,000,000 gallons used in residential 2nd meters (58,000 x $1.80) / 821 meters = $127.16 2nd Meter Credit Calculation