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PeakRewards℠ Multi-Family Program

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What is the PeakRewards℠ Multi-family program?

The PeakRewards℠ Multi-family program gives tenants of community properties summer bill credits, a matching first-year bonus, cycling choices, and a professionally installed Honeywell programmable thermostat. The apartment unit must have central air conditioning in good working order and consent by the property owner (or manager) is required in order to participate in the program.

How does it work?

Tenants:
In order to enroll in the program, you must have permission from your landlord/property owner/manager to have the Honeywell programmable thermostat installed in your home. Once you have obtained permission, just call the PeakRewards℠ customer hotline: 1-888-309-PEAK (7325) to schedule an installation, select your cycling level (50%, 75% or 100%), and start receiving your summer bill credits ($50, $75 or $100 each summer)! If you are the first* tenant in the unit with the device installed, you are eligible for the first-year signing bonus (a matching credit of $50, $75 or $100).

* All tenants thereafter are not eligible to receive the first-year signing bonus. Tenants can also choose to opt-out of the program; however, the summer bill credits will no longer be applied.

Landlords and property owners/managers:
Landlords and property owners/managers can also enroll their rental units in the program by calling the PeakRewards℠ Multi-family team at: 410-682-8226. The Multi-family team will schedule an on-site community meeting and the thermostat installations. Once the thermostats are installed, the team will support you in promoting the money-saving benefits of PeakRewards℠ at your property.

For BGE’s rental property policy for PeakRewards℠ accounts, click here.

For more information on ACN accounts, click here.

What do I get?

Tenants will receive:

  • Bill credits on your BGE bill of up to $100 each year, plus a first-year matching bonus if you qualify
    • Choice of Cycling: 50% - 75% - 100%, gives you $50- $75 - $100 in BGE bill credits every summer
    • Bonus: $50, $75 or $100 matching bonus in the first year (Applicable to the first tenant in the unit once the device is installed. All tenants thereafter are not eligible to receive the bonus.)
  • A new programmable thermostat, which can save you up to $1,790 over the next five years

    Savings Matrix
  • Overrides: Up to two non-emergency events a year
  • Online Access: Manage your PeakRewards℠ thermostat settings online
    Click here to learn more about PeakRewards℠ Online Access

Property owners or managers will receive:

  • New programmable thermostats with a high retail value and the latest technology, professionally installed at no cost
  • Collection and recycling of existing mercury thermostats, if applicable
  • Welcome kits for your tenants with program information to help them, especially those with limited income, save money on their BGE bills
  • Marketing and collateral to support you in promoting the added advantage of PeakRewards℠ at your property

How does it help?

Participation in PeakRewards℠ is one way we can work together to help protect our environment and reduce our carbon footprint by:

  • Reducing the need for additional power generation plants
  • Reducing the emissions from current and future power plants
  • Reducing the need for additional electric delivery infrastructure such as electric transmission and distribution lines
  • Easing the burden on Maryland's electricity delivery system as our state's electricity demands continue to grow
  • Aligning with the state's EmPOWER Maryland goals