Vocabulary to Know

Avoid using acronyms w/ clients (Always make sure customer understands)

EPC: Engineering, Procurement, and Construction

OZ: Opportunity zone (Government chosen LMI ‘Low to Middle Income” Zones)

Environmental Attribute: Every megawatt hour of electricity produced through a renewable energy asset, is equivalent to removing one metric ton of carbon from the atmosphere. This is what creates an environmental attribute. That attribute can be monetized as an SREC or as a Carbon Credit.

• Carbon Credits: Can be sold on the global market
• SRECs: Solar Renewable Energy Credits (Utility specific incentive, market-specific.)

IREC Standard: International Renewable Energy Credit Validation organization

Proforma: The financial cash flow of the project (The economic model of the project itself)

PPA’s: Power Purchase Agreement

MSA: Master Service Agreement