Comment on "Introduction of a Novel Figure of Merit for the Assessment of Transparent Conductive Electrodes in Photovoltaics: Exact and Approximate Form"

Anand et al. introduce an implicit equation for transparent conductive electrode (TCE) merit in photovoltaics (PV) by lumping series resistance in with the diode. However, an explicit equation has been previously derived by lumping series resistance external to the diode. For TCEs of practical interest for PV, the choice of where to lump series resistance does not affect merit, so external lumping is preferred. On the other hand, monolith deadspace, metal grid shadowing, and grid resistance shift TCE merit away from the figure of merit behavior published by Anand et al.