Method for underwriting the financing of solar consumer premises equipment
First Claim
1. A method of financing renewable energy consumer premises equipment (CPE) for generating power on a consumer premises, the method comprising:
- (a) estimating a monetary value of the power generated by the CPE; and
(b) financing money for the CPE with lending underwriting criteria using the estimated monetary value of power generated by CPE.
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Accused Products
Abstract
The present invention teaches a variety of methods for underwriting financing for renewable energy consumer premises equipment (CPE). The present invention contemplates financing a consumer purchasing, leasing, installing and/or maintaining renewable energy CPE for power generation at a consumer premises. 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. The financing involves estimating factors such as a monetary value of the power generated by the CPE and/or a monetary value for power consumed by the consumer at the consumer premises, and using such estimates as part of the underwriting criteria.
81 Citations
27 Claims
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1. A method of financing renewable energy consumer premises equipment (CPE) for generating power on a consumer premises, the method comprising:
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(a) estimating a monetary value of the power generated by the CPE; and (b) financing money for the CPE with lending underwriting criteria using the estimated monetary value of power generated by CPE. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 13, 14, 15, 16)
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9. The method of 8 wherein degradation is defined by:
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(a) a manufacture'"'"'s express or implied warranty;
or(b) an estimation based upon industry standards.
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17. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for generating power on a consumer premises, the method comprising:
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(a) estimating a monetary value of a power consumed by the consumer; and (b) loaning money with lending underwriting criteria using the estimated monetary value of power used by the consumer. - View Dependent Claims (18, 19, 20, 21, 22)
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23. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for generating power at a consumer premises, the method comprising:
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(a) estimating a monetary value of power generated by the CPE; (b) estimating a monetary value of power consumed by the consumer; (c) subtracting the estimated monetary value of power consumed from the estimated monetary value of the power generated by the CPE; and (d) determining to finance money for the CPE with lending underwriting criteria using the estimated monetary value of power consumed by the consumer at the consumer premises subtracted from the estimated monetary value of the power generated by the CPE.
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24. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for generating power at a consumer premises, the method comprising:
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determining to finance the CPE for the consumer based upon lending underwriting criteria including one or more of the following; (a) estimated value of the power generated by the CPE; (b) estimated value of the power consumed by a consumer; (c) a risk that the consumer will default on the financing; (d) a salvage value of the CPE in an event that the consumer defaults on the financing; (e) remarketing costs with respect to resale of the CPE in an event that the consumer defaults on the loan; (f) changes in laws with respect to consumer lending; (g) risks of violating consumer protection law; (h) value of attributes of power generated; and (i) an expected net present value of a future net cash flow associated with the power generated by the CPE. - View Dependent Claims (25, 26, 27)
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Specification