Solar and energy concept nodes

Core concepts

• Electricity pricing

  Electricity pricing is the rate structure and per-kilowatt-hour price a household pays for grid electricity.

• Net metering

  Net metering is a billing method that credits a customer for renewable electricity exported to the grid.

• Solar investment tax credit

  The solar investment tax credit is the federal tax-credit mechanism that can reduce eligible solar project costs.

• Payback period

  Payback period is the time it takes for cumulative cash flow or savings to recover an initial investment.

• Photovoltaics

  Photovoltaics is the conversion of solar radiation into electricity using semiconductor solar cells.

• Community solar

  Community solar is an off-site solar project whose output or bill credits are shared by multiple subscribers.