BIPV meaning in Business ?

Building-integrated photovoltaics (BIPV) are photovoltaic materials that are used to replace conventional building materials in parts of the building envelope such as the roof, skylights, or facades. They are increasingly being incorporated into the construction of new buildings as a principal or ancillary source of electrical power, although existing buildings may be retrofitted with similar technology. The advantage of integrated photovoltaics over more common non-integrated systems is that the initial cost can be offset by reducing the amount spent on building materials and labor that would normally be used to construct the part of the building that the BIPV modules replace. In addition, BIPV allows for more widespread solar adoption when the building's aesthetics matter and traditional rack-mounted solar panels would disrupt the intended look of the building. These advantages make BIPV one of the fastest growing segments of the photovoltaic industry.

The term building-applied photovoltaics (BAPV) is sometimes used to refer to photovoltaics that are a retrofit – integrated into the building after construction is complete. Most building-integrated installations are actually BAPV. Some manufacturers and builders differentiate new construction BIPV from BAPV.