Business Method for Reimbursing Costs Associated with Installing Advanced Water Metering Technology

摘要

A business method of reimbursing water meter companies for the costs involved in installing smart or advanced water meters. The method includes that the water meter company negotiates with water municipalities/utilities to become responsible for the water use billing operations. In addition, some smart water meters will be able to alert property owners and users of leak conditions, which can be addressed by remote or automated water control. Furthermore, some smart water meters can include consumable or non-consumable water quality sensors and the replacement of the water quality sensors can be managed by the water company. The water meter company can provide service and maintenance for advanced or smart water meters such as software updates, battery replacements, and replacement of expired or nonfunction components. Furthermore, insurance companies have an interest in providing rebates or discounts to support the use of the smart water meters preventing leak and leak damage.