12 Guam Code Ann. § 8602
Terms Used In 12 Guam Code Ann. § 8602
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(b) Solar Host means a qualified homeowner, business owner, government of Guam agency or non-profit organization whose house, commercial building, or government-owned building at which the electricity-generating and energy storage equipment is installed, owned, operated, and maintained by the Developer and who is not a current customer-generator under the Net Metering System. The Solar Host is then compensated for leasing their rooftop space through credits that are awarded to offset or reduce their power bill or direct lease payments from the Developer. The energy generated by the Developer will be sold to the utility at a negotiated rate between the utility and the Developer.
(c) Solar Photovoltaic System means technology and equipment that converts sunlight into electricity, to include, but not be limited to, panels, inverters, mounting, and batteries and storage systems.
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12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 8 GUAM POWER AUTHORITY
(d) Developer means a licensed solar development business that is owned and operated by a legal resident of Guam.
(e) Utility means the Guam Power Authority.