Apparatus, system, and method for quantifying, bundling, and applying credits and incentives to financial transactions
First Claim
1. An apparatus for determining incentives for green transactions, the apparatus comprising:
- a processor;
a computer readable storage medium comprising;
a bundling module configured to determine a plurality of green incentives that apply to a mortgagee for an identified property, the identified property comprising a new building, the plurality of green incentives being from a group of green incentives, the mortgagee owning the identified property;
an analysis module configured to quantify a plurality of respective values of the plurality of green incentives from the group of green incentives;
the bundling module further configured to bundle the respective values that have been quantified according to the mortgagee; and
an execution module configured to interface with a mortgagor to automatically apply at least a portion of the bundled respective values as one or more monetary credits to repayment of a mortgage loan for the new building on behalf of the mortgagee, the mortgage loan held by the mortgagor;
wherein the bundling module, the analysis module, and the execution module are executed by the processor.
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Accused Products
Abstract
An apparatus, system, and method for quantifying, aggregating and bundling green incentives based on green construction enables applying at least a portion of the credits/incentives to financial transactions. Quantification includes estimating and/or monitoring usage of utilities, comparing the usage to a predetermined baseline value, and valuating an effectual energy savings that includes actual savings plus incentive values. Quantification relies on a database, which may include credits, deductions, and other green incentives data that contribute to the effectual savings. The effectual savings may be applied to early repayment of a mortgage loan, improved terms for the loan, investment in securities, and/or other trading. The method standardizes values of green incentives in energy units and/or monetary units. The method aids in qualifying the building projects based on a concrete estimation of the effectual energy savings. The method forms a bridge between green or sustainable/renewable technologies and the financial institutions and markets.
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Citations
35 Claims
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1. An apparatus for determining incentives for green transactions, the apparatus comprising:
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a processor; a computer readable storage medium comprising; a bundling module configured to determine a plurality of green incentives that apply to a mortgagee for an identified property, the identified property comprising a new building, the plurality of green incentives being from a group of green incentives, the mortgagee owning the identified property; an analysis module configured to quantify a plurality of respective values of the plurality of green incentives from the group of green incentives; the bundling module further configured to bundle the respective values that have been quantified according to the mortgagee; and an execution module configured to interface with a mortgagor to automatically apply at least a portion of the bundled respective values as one or more monetary credits to repayment of a mortgage loan for the new building on behalf of the mortgagee, the mortgage loan held by the mortgagor; wherein the bundling module, the analysis module, and the execution module are executed by the processor. - 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)
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24. A method of quantifying a green incentive and applying the green incentive to a financial transaction, the method comprising:
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automatically determining, by a processor a plurality of green incentives that apply to a mortgagee for an identified property, the identified property comprising a new building, the plurality of green incentives being from a group of green incentives, the mortgagee owning the identified property; automatically quantifying, by the processor, a plurality of respective values of the plurality of green incentives from the group of green incentives; automatically bundling, by the processor, the respective values of the plurality of green incentives that have been quantified, wherein bundling the values is specific to the mortgagee; and automatically interfacing with a mortgagor and applying at least a portion of the bundled respective values, as one or more monetary credits, to repayment of a mortgage loan for the new building and on behalf of the mortgagee, the mortgage loan held by the mortgagor. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
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35. A method of quantifying a green incentive and applying the green incentive to a financial transaction, the method comprising:
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automatically determining, by a processor, a plurality of green incentives that apply to a mortgagee for an identified property, the identified property comprising a property associated with a retrofit construction, the identified property being subject to an existing mortgage prior to the retrofit construction, the plurality of green incentives being from a group of green incentives, the mortgagee owning the identified property; automatically quantifying, by the processor, a plurality of respective values of the plurality of green incentives from the group of green incentives; automatically bundling, by the processor, the respective values of the plurality of green incentives that have been quantified, wherein bundling the values is specific to the mortgagee; and automatically interfacing with a mortgagor and applying at least a portion of the bundled respective values, as one or more monetary credits, to repayment of the existing mortgage loan for the property associated with the retrofit construction on behalf of the mortgagee, the mortgage loan held by the mortgagor.
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Specification