The Inflation Reduction Act of 2022 (IRA), Pub. L. 117–169 (text) (PDF), is a United States federal law which aimed to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting renewable energy.

The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and the prices of interstate transport of petroleum by pipeline. FERC also reviews proposals to build interstate natural…

A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.

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A feed-in tariff (FIT, FiT, standard offer contract, advanced renewable tariff, or renewable energy payments) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers. This means promising renewable energy producers an…

Ice storage air conditioning is a form of thermal energy storage in which cooling capacity is stored by freezing water and recovered later by melting the ice. In building applications, the storage can be charged when cooling demand or electricity prices are lower and discharged during periods of higher cooling demand,…

A power inverter or power invertor, often simply called an inverter or invertor, is a power electronic device or circuitry that changes direct current (DC) to alternating current (AC). The resulting AC frequency obtained depends on the particular device employed.

In air conditioning, an inverter compressor is a compressor that is operated with an inverter. In the hermetic type, it can either be a scroll or reciprocating compressor.

A Zero-Energy Building (ZEB), also known as a Net Zero-Energy (NZE) building, is a building with net zero energy consumption, meaning the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site or in other definitions by renewable energy sources…

A solar panel is a device that converts sunlight into electricity by using multiple solar modules that consist of photovoltaic (PV) cells. PV cells are made of materials that produce excited electrons when exposed to light.