The PeakRewards Multifamily program gives tenants of community properties summer bill credits, cycling choices, and a professionally installed programmable thermostat. The apartment unit must have central air conditioning in good working order and the consent of the property owner (or manager) 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 programmable thermostat installed in your home. Once you have obtained permission, 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).
* A customer moving into a home with an existing PeakRewards device will be defaulted to a 50% cycling level. A new move-in customer will receive ongoing bill credits, if they continue to participate in the program, but will not receive the first-year matching bonus. The first-year matching bonus credits are only intended for the initial customer enrollment and device installation.
Landlords and property owners/managers: Landlords and property owners/managers can also enroll their rental units in the program by calling the PeakRewards Multifamily team at: 410.682.8294. The Multifamily 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 are the benefits?
Tenants will receive:
- Summer Bill Credits — Choose from $12.50, $18.75 or $25.00 per month for the months of June through September.
- Latest Technology — A programmable thermostat professionally installed at your home at no out-of-pocket expense (thermostat and installation valued at $290).
- Cycling Choices — Participate in the program at a cycling level that suits your lifestyle. Learn more at BGESavings.com/faqs or call the PeakRewards customer hotline at 1.888.309.PEAK (7325).
- Online Access — Once you get the PeakRewards thermostat installed, you can control its cooling and heating settings through the Internet.
| Participation Level | First Year Bonus Per Month* |
Summer Credits** Per Month: June, July, August, September |
First Year Total (Credits Plus Bonus) |
|---|---|---|---|
| 50% | $12.50 | $12.50 / month | $100 |
| 75% | $18.75 | $18.75 / month | $150 |
| 100% | $25.00 | $25.00 / month | $200 |
* A customer moving into a home with an existing PeakRewards device will be defaulted to a 50% cycling level. A new move-in customer will receive ongoing bill credits, if they continue to participate in the program, but will not receive the first-year matching bonus. The first-year matching bonus credits are only intended for the initial customer enrollment and device installation.
**Credits subject to change in future years.
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 understand the program and save money on their BGE bills
- Marketing and collateral to aid 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.
- Supporting the state's EmPOWER Maryland goals.
