Methods for cost reduction and underwriting considerations for financing renewable energy consumer premises equipment (CPE)
First Claim
1. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for power generation on a consumer premises, the method comprising:
- changing traditional escrow requirements by factoring in a CPE characteristic dependent upon the CPE to reduce escrow fees.
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Accused Products
Abstract
The present invention teaches a variety of systems and methods providing cost reduction and underwriting considerations for financing renewable energy consumer premises equipment (CPE). The present invention contemplates changing traditional escrow and/or underwriting considerations based on attributes of the CPE, as well as triggering installment payments based on landmark events. The renewable energy CPE may be attached to a structure on the consumer premises, disposed free standing on the consumer premises, or utilized through any other suitable means on the consumer premises.
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Citations
23 Claims
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1. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for power generation on a consumer premises, the method comprising:
changing traditional escrow requirements by factoring in a CPE characteristic dependent upon the CPE to reduce escrow fees. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for power generation on a consumer premises, the method comprising:
modifying lending underwriting standards by reducing appraisal standards of real property on which the CPE is disposed to reduce appraisal fees, wherein any reduction in appraisal standards is based at least in part on considering a characteristic of the CPE. - View Dependent Claims (12)
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13. A method of financing a purchase or lease of consumer premises equipment (CPE) by a consumer for power generation and installation at a consumer premise, the method comprising:
modifying lending underwriting standards based on consideration of an aspect of the CPE, thereby increasing (1) a consumer'"'"'s desire for the CPE and (2) a consumer'"'"'s chances of receiving a loan for the purchase of the CPE. - View Dependent Claims (14, 15, 16, 17, 18, 23)
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19. A system for financing purchase, lease, installation and/or maintenance of solar power generation consumer premises equipment (CPE) by a consumer for power generation on a consumer premises, the system comprising:
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an escrow enabling mechanism that factors in a first characteristic dependent upon the CPE to reduce escrow fees; and an underwriting enabling mechanism that factors in a second characteristic dependent upon the CPE to modify underwriting standards. - View Dependent Claims (20, 21, 22)
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Specification