Photovoltaic, or PV for short, is a solar power technology that uses solar cells to convert light from the sun directly into electricity. This unique process uses no moving parts, thereby nothing can ware out. To explain the photovoltaic solar panel more simply, photons from sunlight knock electrons into a higher state of energy, creating electricity.

Photovoltaic solar cells use the energy of the sun’s light to cause electrons to move between layers of a semi-conductor material, such as silicon. Once moved, the electron wants to return, but cannot jump back. It gets back by flowing through wires and circuits which creates electron flow or direct current (DC) electricity.
Courtesy North Carolina Solar Center
The first practical application of photovoltaic technology was to power orbiting satellites, followed by off-grid stand alone power systems. Today the majority of photovoltaic modules are used for grid connected power generation. Grid connected solar is made possible by a practice called net metering.

Net metering is a simple concept; power created from your solar system is connected to the electric grid and credited in real time. Any excess power created by the system that you are not using, at that moment, is fed back into the power grid. As this excess power is “back-fed”, your meter operates in reverse. Literally your meter spins backward! The power grid is managed by your local utility company and includes everyone connected to it. Any power you don’t use is credited back to you and reduces your bill. Currently residential users are not paid should you create more than you ultimately use annually.
Net metering simplifies the solar system design into four major components:
A typical photovoltaic system consists of solar modules mounted on a roof, wired to a shutoff switch then to your power inverter. The AC power is fed into your central electrical panel and distributed throughout your home. If your home can’t use the power it flows back into the grid for your later needs. By using net metering, the grid functions like a large storage battery with no cost or maintenance expense.