PPA (power purchase agreement)

A PPA is a contract whereby a third party develops and installs a solar power system on a customer’s property. The customer can then agree to purchase the system’s electric output for a predetermined period of time.

Photovoltaic effect

Photovoltaic effect is the generation of voltage and electric current in a material upon exposure to light. When the sun’s photons strike a solar panel, they are absorbed and induce an electrical current in three steps: Energy from photons hitting the panels knocks electrons out of their atomic orbits. These electrons are released into the… Continue reading Photovoltaic effect

Photovoltaic system

Photovoltaic systems – or PV systems – are setups that utilize the sunshine to produce clean solar energy. They use semiconductor materials, such as silicon, to turn the sun’s energy into electrical power. Sunlight striking the semiconductor material creates a flow of electricity that can be harnessed and used to power homes, businesses, and other… Continue reading Photovoltaic system

OPENAX Cloud

This is an online platform in OPENAX’ energy ecosystem where your solar power system data is stored. It can be accessed for monitoring and managing your solar energy usage.

Optimizer

This is a device that is often used in string solar systems to realize module-level production and monitoring. This allows for better output performance and increased flexibility.

Off-grid

If a solar system is off-grid, it means that it operates independently of the local electricity network. Instead, it relies on batteries to store the electricity it generates, as well as a generator which can kick in to provide electricity when the batteries are drained.

Net metering

Net metering is a billing arrangement allowing solar power system owners to sell excess electricity back to the grid. Payment is often received as credit against their electricity bills. NEM (Net Energy Metering) NEM is a system in USA that allows consumers with a renewable generating system to receive a credit for any surplus electricity… Continue reading Net metering

Monitoring system

This consists of the hardware and software used to collect and display information about your solar power system’s performance. It helps owners and installers ensure optimal performance and operation of solar systems.

LCOE (levelized cost of energy)

The LCOE is a calculation that gives you a consistent comparison of the cost of generating electricity from different energy sources. It includes the total cost of energy over a system’s life span. Light Light is the key ingredient is this entire process, and without the sun – the light that never goes out –… Continue reading LCOE (levelized cost of energy)

Inverter

This is a device that converts the DC power generated by solar panels to AC power. It’s used by most common household appliances. There are a number of different inverters, including: Microinverter A microinverter is a compact inverter located on the back of a classic solar panel. It converts DC power to AC power at… Continue reading Inverter

Newsletter

News Letter
Request
a Quote