(a) “Adequate renewable energy development” means a rate of development necessary to accomplish the renewable energy objectives and standards in title 12 V.I.C., chapter 23.
(b) “Avoided costs” means the incremental costs to an electric utility of electric energy which, but for the purchase from the qualified owner or qualified owners, such utility would generate itself or purchase from another source.
(c) “Capacity” means the alternating current nameplate capacity of a renewable electricity generator.
(d) “Commission” means the Public Services Commission, as established by title 3 V.I.C. section 273.
(e) “Feed-in Tariff Program” or “FIT Program” means an energy supply policy established under section 1164 of this subchapter which offers a long-term guarantee of payment by the Utility to a qualified owner for the actual amount of electricity produced and fed into the grid.
(f) “Qualified Owner” means the individual or entity that owns or leases the renewable electricity generator located or to be located on real property within the Territory which may be owned, leased or licensed by the Qualified Owner.
(g) “Renewable energy” has the same meaning as established in section 1101(i) of this title.
(h) “Renewable electricity generator” means a single generator that uses only one type of renewable energy.
(i) “Solar photovoltaic system” has the same meaning as established in section 1101(n) of this title.
(j) “Utility” means the Virgin Islands Water and Power Authority or other regulated public utility that sells electrical power to the public in the Virgin Islands.
(k) “Utility compliance costs” means all costs and expenses incurred or to be incurred by the Utility to interconnect the renewable electricity generator to the Utility’s Grid, including but not limited to system upgrades; interconnection studies; design, engineering, construction costs; and the Commission’s costs for investigations pursuant to 30 V.I.C. § 25.