Vocab

Question 1

CADETS

Answer 1

Communication, Accountability, drive, Execution, Team First, Self Awareness

Question 1

TIMWOODS

Answer 1

Transportation, Inventory, Motion, Waiting, Over Production, Over Process, Defects, Skills

Question 2

PV

Answer 2

Photovoltaic - name used for solar panels

Question 3

COD

Answer 3

Commercial Operation Date

Question 4

CSG

Answer 4

Community Solar Garden

Question 5

DG

Answer 5

Distributed Generation - Electric power generation within distribution networks or on the customer side of the network

Question 6

TBL

Answer 6

Tax Benefit Loan

Question 7

EPL

Answer 7

Energy Production Loan

Question 8

EPC

Answer 8

(Engineering, Procurement, and Construction) - A form of contracting arrangement used in some industries where the EPC contractor is made responsible for all the activities from design, procurement, construction, commissioning and handover of the project to the end-user or owner

Question 9

O&M

Answer 9

(Operations and Maintenance)

Question 10

PPA

Answer 10

A (Power Purchase Agreement [non-ownership of system, paying for electricity produced]) – a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer).

Question 11

SR

Answer 11

Solar Rewards

Question 12

ITC

Answer 12

Investment Tax Credit

Question 13

MIPA

Answer 13

Membership Interest purchase agreement

Question 14

MIPA

Answer 14

(Member interest purchase agreement) – A way to express ownership in an LLC. Holders of MIPA have voting and profit interest in the company. MIPA may be transferred or sold to others.

Question 15

MACRS

Answer 15

(Modified Accelerated Cost Recovery System) – Fixed schedule for depreciation

Question 16

NTP

Answer 16

Notice to Proceed

Question 17

IA

Answer 17

(Interconnection Agreement) – Contract with the utility to plug into the grid at a certain cost.

Question 18

ARR

Answer 18

(Applicable Retail Rate) – the $/kwh credit that Xcel pays subscribers under Phase 1 of the CSG program in MN

Question 19

VOS

Answer 19

Value of Solar

Question 20

Net Metering

Answer 20

a system in which solar panels are connected to a public-utility power grid and surplus power is transferred onto the grid, allowing customer to offset the cost of a power drawn from the utility

Question 21

NEC

Answer 21

(New Energy Capital) – a New Hampshire-based private equity firm that provides growth capital to solder developers. They financed Cypress Creek’s growth and want to finance ours.

Question 22

REC

Answer 22

(Renewable Energy Credit) – also sometimes referred to as a renewable energy certificate or green tag – is created for each megawatt-hour (1 MWh, or 1000 kilowatt-hours) of renewable electricity generated and delivered to the power grid.