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Methods, systems and agreements for increasing the likelihood of repayments under a financing agreement for renewable energy equipment

  • US 7,698,219 B2
  • Filed: 05/18/2007
  • Issued: 04/13/2010
  • Est. Priority Date: 01/12/2007
  • Status: Active Grant
First Claim
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1. A method for increasing probability of timely receiving payment for providing financing for renewable energy consumer premises equipment (CPE) for power generation at a consumer premises, the renewable energy CPE adapted to deliver power onto the consumer premises and a power grid, the method comprising:

  • providing financing for the renewable energy CPE by a non-utility entity under an agreement between the non-utility entity and the consumer;

    securing the financing based on monetary value of the power generated by the CPE rather than solely based on equity of the consumer premises under the agreement;

    granting the non-utility entity a right to control operation of the CPE and any power generated by the CPE using a shut-off control device coupled with the CPE upon default by the consumer under the agreement, the shut-off control device configured to control power delivery at the consumer premises including allowing power to flow from the CPE to the consumer premises and the power grid and preventing power from flowing from the CPE to the consumer premises and the power grid;

    monitoring by a computer consumer financial information to detect a default by the consumer under the agreement; and

    upon default by the consumer under the agreement, controlling the operation of the CPE and any power generated by the CPE by the non-utility entity by means of the shut-off control device.

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