Energy efficient homeownership mortgage program

• US 20060080246A1
• Filed: 10/11/2005
• Published: 04/13/2006
• Est. Priority Date: 10/08/2004
• Status: Abandoned Application

• Current Assignee: Don Wyckoff Heating, Inc.
• Original Assignee: Don Wyckoff Heating, Inc.
• Inventors: Wyckoff, Ronald P.
• Application Number:
  US11/248,913
• Publication Number:
  US 20060080246A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

A program for encouraging homebuyers to purchase more efficient HVAC equipment at the time they purchase an existing house is described. The purchase price of the HVAC equipment is included in the mortgage loan. The overall monthly cost of the mortgage payment and heating and cooling costs is lowered for any given house. The program is marketed through a real estate agent working closely with a HVAC supplier. A central control entity may oversee the process, provide standardized forms, and locate appropriate installers.

Claims

1. A method of encouraging a homebuyer to install energy efficient HVAC equipment in a home having an existing HVAC system, the method comprising the steps of:

determining an expected ongoing existing utilities cost if the existing HVAC system is left in place;

determining an expected ongoing new utilities cost if the existing HVAC system is replaced with a new HVAC system;

determining an expected replacement cost for the new HVAC system;

determining an expected mortgage payment for the home with the existing HVAC system;

determining an expected mortgage payment for the home including the replacement cost for the new HVAC system;

determining an expected cost of ownership for the home with the existing HVAC system equal to the expected mortgage payment for the home with the existing HVAC system plus the expected ongoing existing utilities cost;

determining an expected cost of ownership for the home with new HVAC system equal to the expected mortgage payment for the home with the new HVAC system plus the expected ongoing new utilities cost; and

communicating with the homebuyer a comparison of the expected cost of ownership for the home with the existing HVAC system with the expected cost of ownership for the home with a new HVAC system.