Systems, methods and financial instruments for renewable energy consumer premises equipment financing

• US 20080091626A1
• Filed: 01/12/2007
• Published: 04/17/2008
• Est. Priority Date: 10/17/2006
• Status: Abandoned Application

• Current Assignee: Clean Power Finance, Inc. (Spruce Power Holding Corp.)
• Original Assignee: Clean Power Finance, Inc. (Spruce Power Holding Corp.)
• Inventors: Kremen, Gary
• Application Number:
  US11/653,167
• Publication Number:
  US 20080091626A1
• Time in Patent Office: Days
• US Class Current: 705/412
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 50/06 Energy or water supply
• CPC Class Codes: Y02P 90/90 Financial instruments for climate change mitigation, e.g. environmental taxes, subsidies or financing
• CPC Class Codes: Y04S 10/50 Systems or methods supporting the power network operation or management, involving a certain degree of interaction with the load-side end user applications

Abstract

The present invention teaches a variety of systems, methods and financial instruments for financing renewable energy consumer premises equipment (CPE). The present invention contemplates, for example, supporting financing for a consumer purchasing, leasing, installing and/or maintaining renewable energy CPE for power generation at a consumer premises. The renewable CPE may be attached to a structure on the consumer premises, disposed free standing on the consumer premises, or through any other suitable means of utilizing the CPE on the consumer premises. Financing is facilitated through taking a security interest in any variety of a power proxy, the physical assets of the CPE, the real property associated with the consumer premises, and any structures associated with the consumer premises.

Claims

1. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for power generation at a consumer premises, the method comprising:

creating a financial instrument supporting financing for the renewable energy CPE, wherein creating the financial instrument includes creating a power proxy security interest in a power proxy associated with the power generated by the CPE.

2. A method as recited in claim 1 wherein creating the power proxy security interest includes creating a receivables security interest in receivables associated with the power generated by the CPE.

3. A method as recited in claim 1 wherein creating the power proxy security interest includes creating a cash flow security interest in cash flow associated with the power generated by the CPE.

4. A method as recited in claim 1 wherein creating the power proxy security interest includes creating a power security interest in the power generated by the CPE.

5. A method as recited in claim 1 wherein creating the power proxy security interest includes creating a housing security interest in a housing segregating the power generated by the CPE from power originating elsewhere, and creating the housing security interest includes identifying the housing by one or more of the following:

(a) warehouse receipts;

(b) bill of lading; and

(c) other documents evidencing title to the housing.

6. A method as recited in claim 1 wherein creating the power proxy security interest includes creating regulatory rights in the power generated by the CPE.

7. A method as recited in claim 1 wherein creating the power proxy security interest includes creating an intervention security interest in the rights in intervention of the CPE.

8. A method as recited in claim 5 wherein the power segregated within and by the housing is identified by one or more of the following:

(a) warehouse receipts;

(b) bill of lading; and

(c) other documents evidencing title to the housing.

9. The method of claim 4 wherein the power generated by the CPE at the consumer premises comprises electrons.

10. The method of claim 5 wherein the power generated by the CPE at the consumer premises comprises electrons.

11. The method of claim 6 wherein the regulatory rights are created by debiting a consumer'"'"'s bill.

12. The method of claim 6 wherein the regulatory rights are created by updating a consumer record.

13. The method as recited in claim 7 wherein the rights in intervention are accomplished by sending a person out to intervene at the consumer premises.

14. The method of claim 7 wherein the rights in intervention are accomplished by using a device to intervene.

15. The method of claim 1 wherein creating the financial instrument further includes creating a security interest in the CPE.

16. The method of claim 1 wherein creating the financial instrument further includes creating a security interest in real property on which the CPE is disposed.

17. The method of claim 1 wherein creating the financial instrument further includes creating a single note supporting at least a portion of the financing.

18. The method of claim 1 wherein creating the financial instrument further includes creating a single note supporting substantially an entire balance of the financing.

19. A method as recited in claim 1 wherein creating the financial instrument further includes creating a plurality of notes supporting a plurality of monetary amounts, respectively, and wherein a sum of the plurality of monetary amounts substantially equals an entire balance of the financing.

20. A method as recited in claim 1 wherein creating the financial instrument further includes creating a plurality of notes supporting a plurality of monetary amounts, respectively, and wherein a sum of the plurality of monetary amounts is less than an entire balance of the financing.

21. The method of claim 19 wherein creating the financial instrument further includes cross-collateralizing the plurality of notes wherein a default by the consumer on a one of the plurality of notes triggers a default by the consumer on any or all of the remaining plurality of notes.

22. The method of claim 20 wherein creating the financial instrument further includes cross-collateralizing the plurality of notes wherein a default by the consumer on a one of the plurality of notes triggers a default by the consumer on any or all of the remaining plurality of notes.

23. The method of recited in claim 1 wherein the CPE includes solar power generating equipment.

24. The method of claim 23 wherein the solar power generating equipment includes photovoltaic devices.

25. The method of claim 1 wherein the financing relates to a loan for a purchase of the CPE.

26. The method of claim 1 wherein the financing relates to leasing the CPE.

27. The method of claim 1 wherein the financing relates to installation of the CPE.

28. The method of claim 1 wherein the financing relates to maintenance of the CPE.

29. The method of claim 1, wherein the financing relates to purchase or lease of the CPE, and the financing further relates to installation of the CPE.

30. The method of claim 1, wherein the financing relates to purchase or lease of the CPE, and the financing further relates to installation of the CPE.

66. The method of claim 1 wherein the power proxy includes one or more of the following:

(a) receivables associated with power generated by the CPE.

(b) power generated by the CPE;

(c) a housing segregating power generated by the CPE from power generated elsewhere;

(d) regulatory rights in the power generated by the CPE; and

(e) rights in intervention of the CPE.

31. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for power generation on a consumer premises, the method comprising:

creating a financial instrument supporting financing for the CPE, wherein creating the financial instrument includes;

(a) creating a CPE security interest in the CPE; and

(b) creating a real property security interest in the consumer premises on which the CPE is disposed.

32. The method of claim 31, wherein the CPE is attached to a structure disposed on the consumer premises.

33. The method of claim 31, wherein creating the financial instrument further includes creating a single note that supports a portion of the amount of the financing.

34. The method of claim 31, wherein creating the financial instrument further includes creating a single note that supports substantially an entire balance of the financing.

35. A method as recited in claim 31 wherein creating the financial instrument includes creating a plurality of notes supporting a plurality of monetary amounts, respectively, and a sum of the plurality of monetary amounts substantially equals an entire balance of the financing.

36. A method as recited in claim 31 wherein creating the financial instrument includes creating a plurality of notes supporting a plurality of monetary amounts, respectively, a sum of the plurality of monetary amounts being less than an entire balance of the financing.

37. The method of claim 35 wherein creating the plurality of notes includes cross-collateralizing, wherein a default by the consumer on one of the plurality of notes triggers a default by the consumer on any or all of the remaining plurality of notes.

38. The method of claim 36 wherein creating the plurality of notes includes cross-collateralizing, wherein a default by the consumer on one of the plurality of notes triggers a default by the consumer on any or all of the remaining plurality of notes.

39. The method of claim 31 wherein the financing is offered to the consumer absent information about:

(a) an appraisal value of the real property; and

(b) a title search for the real property.

40. The method of claim 31 wherein either the CPE security interest or the real property security interest includes a mortgage.

41. The method of claim 31 wherein either the CPE security interest or the real property security interest includes a deed of trust.

42. The method of claim 31 wherein the CPE security interest includes a UCC1 filing.

43. The method of claim 31 wherein either the CPE security interest or the real property security interest includes one of a mortgage and a deed of trust, and the CPE security interest further includes a UCC1 filing and/or a chattel mortgage.

44. The method of claim 31 wherein the method is computer implemented, manually implemented or mixed manually and computer implemented.

45. A method as recited in claim 31 wherein financing includes perfecting the security interest.

47. A business method as recited in claim 45 wherein the business method further comprises:

creating a real property security interest in the consumer premises; and

creating the financial instrument supporting the purchase and installation of the CPE by further basing the financial instrument on the real property security interest.

48. A business method as recited in claim 45 wherein the power proxy associated with the power generated by the CPE includes at least two of the following:

(a) receivables associated with the power generated by the CPE;

(b) cash flows associated with the power generated by the CPE;

(c) the power generated by the CPE;

(d) a housing security interest in a housing segregating the power generated by the CPE from power originating elsewhere;

(e) regulatory rights in the power generated by the CPE; and

(f) rights in intervention of the CPE.

46. A business method for financing renewable energy consumer premises equipment (CPE) for power generation at a consumer premises, the business method comprising:

defining a power proxy associated with the power generated by the CPE;

creating a power proxy security interest in the power proxy associated with the power generated by the CPE;

creating a CPE security interest in the CPE; and

creating a financial instrument supporting the purchase and installation of the CPE based on the power proxy security interest and the CPE security interest.

49. A business method for financing renewable energy consumer premises equipment (CPE) for power generation at a consumer premises, the business method comprising:

defining a power proxy associated with the power generated by the CPE;

creating a power proxy security interest in the power proxy associated with the power generated by the CPE;

creating a real property security interest in the consumer premises; and

creating a financial instrument supporting financing of the CPE based on the power proxy security interest and the real property security interest.

50. A financial instrument suitable for financing the purchase, lease, installation, and/or maintenance of consumer premises equipment (CPE) by a consumer, the CPE suitable for installation and power generation upon a consumer premises, the financial instrument comprising:

a security interest in a power proxy, the power proxy including;

a power security interest in power generated by the CPE; and

a receivables security interest in receivables associated with the CPE; and

a CPE security interest in the CPE

51. The financial instrument of claim 50 the financial instrument characterized in that the CPE utilizes a renewable energy source.

52. The financial instrument of claim 51 wherein the CPE includes solar power generating equipment.

53. The system for financing and generating power at a consumer premises, the system comprising:

consumer premises equipment (CPE) for generating power through a renewable source at the consumer premises, the CPE coupled to the consumer premises and capable of providing the power generated by the CPE for use at the consumer premises, the CPE financed at least in part through a financial instrument based on a security interest in a power proxy associated with the power generated by the CPE, the financial instrument associated, at least at some point, with a consumer having rights in the consumer premises;

a utility providing power to a community including the consumer premises, the public utility operable to receive and purchase incremental portions of the power generated by the CPE;

a power grid coupling the utility to the CPE;

wherein the financial instrument is operable to define conditions under which the consumer controls the power proxy associated with the power generated by the CPE; and

wherein the financial instrument defines at least one situation wherein the consumer loses a right to utilize the power proxy associated with the power generated by the CPE in favor of a specific condition of the financial instrument.

54. The system of claim 53 wherein the financial instrument is further based on a CPE security interest in the CPE and a consumer premises security interest based on real property associated with the consumer premises.

55. The system of claim 53 wherein the at least one situation corresponds to the consumer defaulting in some way on the financial instrument, and the rights to utilize the power proxy are utilized to satisfy, at least in part, the specific condition of the financial

56. A system for financing a plurality of renewable energy consumer premises equipment (CPE),

a plurality of financial instruments, each specific financial instrument supporting the purchase, lease, installation and/or maintenance of a specific renewable energy CPE being one of the plurality of renewable energy CPE, each specific CPE at least at some point installed by a specific consumer for power generation at a specific consumer premises, each specific financial instrument based on at least a security interest in a specific power proxy associated with the power generated by the CPE at the specific consumer premises;

and

a market operable for and trading the plurality of financial instruments.

57. The system of claim 56 wherein the specific renewable energy CPE includes a solar power generation device, and the specific power proxy includes receivables associated with the power generated by the specific CPE.

58. The system of claim 56 wherein the specific renewable energy CPE includes a solar power generation device, and the specific power proxy includes cash flows associated with the power generated by the specific CPE.

59. The system of claim 56 wherein the specific renewable energy CPE includes a solar power generation device, and the specific power proxy includes the power generated by the specific CPE.

60. The system of claim 59 wherein the power generated by the specific CPE includes power attributes and/or naked power.

61. The system of claim 59 wherein the specific renewable energy CPE includes a solar power generation device, and the specific power proxy includes regulatory rights in the power generated by the specific CPE.

62. The system of claim 56 wherein the specific renewable energy CPE includes a solar power generation device, and the specific power proxy includes rights of intervention in the specific CPE

63. The system of claim 56 wherein at least one of the plurality of financial instruments is further based on a security interest in an associated CPE.

64. The system of claim 56 wherein at least one of the plurality of financial instruments is further based on a security interest in an associated consumer premises.

65. A method of financing renewable energy consumer premises equipment (CPE) by a consumer for power generation at a consumer premises, the power having a power proxy associated therewith, the method comprising:

taking an assignment in the power proxy.