NOI:
Short for Net Operating Income, NOI is total revenue minus operating expenses. NOI is a pre-tax number.
IRR:
Short for Internal Rate of Return, IRR is a metric used to estimate the return on an investment both pre-tax and post-tax.
NPV:
Short for Net Present Value, NPV is the present value of cashflows subtracted from the initial Investment required.
PPA:
Short for Power Purchase Agreement, PPA is the agreement between an off-taker and third-party developer that allows the developer to install and maintain a photovoltaic (PV) system on the off-taker’s property at no upfront cost.
Off-taker:
An off-taker is someone who purchases renewable energy, and one of the parties involved in a PPA (Power Purchase Agreement).