Methods, systems and agreements for increasing the likelihood of repayments under a financing agreement for renewable energy equipment
First Claim
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.
5 Assignments
0 Petitions
Accused Products
Abstract
A business method is disclosed of increasing the probability of timely receiving payment for financing renewable energy consumer premises equipment (CPE) by a consumer for power generation at a consumer premises, the renewable energy CPE adapted to deliver power onto a power grid. The method comprises creating an agreement between a consumer and an entity financing renewable energy CPE, wherein creating the agreement includes creating a provision that allows the entity to control power at the consumer premises if a default of the agreement by the consumer occurs.
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Citations
86 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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36. The method of clam 1 wherein the shut-off control device is adapted to be controlled by the non-utility entity or any authorized third party locally on the premises of the consumer.
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50. A method for enforcing payment of a power purchase agreement (PPA) for renewable energy using consumer premises equipment (CPE) by a consumer for power generation at a consumer premises to a non-utility entity purchasing the CPE, the CPE adapted to deliver power onto the consumer premises and a power grid, the method comprising:
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creating the power purchase agreement in which the consumer agrees to purchase from the non-utility entity power generated by the CPE for a period of time and the PPA is secured based at least in part on monetary value of the power generated by the CPE over the period of time rather than based on equity of the consumer premises, wherein the PPA includes a provision providing the non-utility entity with an easement to permit access to the CPE and a right to prevent power generated by the CPE from being delivered to the customer consumer premises and the power grid when a default of the PPA occurs by the consumer using a shut-off control device coupled with the CPE, the shut-off control device configured to control power delivery at the consumer premises using codes sent to the shut-off control device by the non-utility entity, the codes including activation codes to allow power to flow from the CPE to the consumer premises and the power grid, and deactivation codes to prevent power from flowing from the CPE to the consumer premises and the power grid; providing the consumer power from the CPE when the consumer is performing under the PPA; monitoring by a computer consumer financial information to detect a default by the consumer under the agreement; and upon default of the PPA by the consumer, preventing power generated by the CPE from being delivered using the shut-off control device by sending the deactivation codes to the shut-off control device to cause the shut-off control device to prevent power from flowing to the consumer premises and the power grid. - View Dependent Claims (51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67)
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68. A method of controlling power generated by renewable energy consumer premises equipment (CPE) on the premises of a consumer, the renewable energy CPE adapted to deliver power onto a power grid or to the consumer'"'"'s premises, the method comprising:
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providing financing to the consumer for the renewable energy CPE by a non-utility entity; securing the financing based on monetary value of the power generated by the CPE; granting the non-utility entity a right to control operation of the CPE using a shut-off control device coupled with the CPE, wherein controlling the operation of the CPE includes preventing power from flowing from the CPE to the consumer premises and the power grid upon default by the consumer under an agreement about the financing; monitoring by a computer consumer financial information to detect a default by the consumer of the financing provided to the consumer for the renewable energy CPE; and controlling the operation of the CPE and any power generated by the CPE using a shut-off control device, upon detecting a default by the consumer by the computer. - View Dependent Claims (69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 85, 86)
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81. A system for increasing the probability of timely receiving payment under an agreement between a consumer and a non-utility entity 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 a power grid or to the consumer'"'"'s premises, the system comprising:
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a computer for monitoring consumer financial information for the non-utility entity to detect a default by the consumer in accordance with the agreement; a shut-off control device coupled with the CPE for controlling the operation of the CPE and any power generated by the CPE upon a default detected by the computer; and wherein the financing for the CPE is secured based on monetary value of the power generated by the CPE, and wherein the operation of the CPE is controllable based upon default by the consumer under the agreement. - View Dependent Claims (82, 83, 84)
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Specification