NY A09486

Establishes neighborhood net energy metering program allowing groups of 10 or more residential customers in a single municipality to share electricity generated by renewable energy facilities (solar, wind, or agricultural) through net metering credits.

Prohibits electric corporations from imposing special fees on Class I net metering facility operators, including backup charges, demand charges, insurance requirements, or additional controls if the facility meets safety and power quality standards.

Creates three classes of net metering facilities based on generating capacity: Class I (60 kilowatts or less), Class II (over 60 kilowatts to 1 megawatt), and Class III (over 1 megawatt to 2 megawatts), with different credit calculation methods for each class.

Establishes aggregate capacity limits for net metering services: 1 percent of an electric corporation's highest historical peak load for non-municipal facilities and 2 percent for municipal or governmental entity facilities, with a 10-megawatt maximum for governmental entities.

Requires electric corporations to compile annual reports on net metering facilities, post aggregate capacity data on publicly accessible websites, and allows the Public Service Commission to allocate net metering credits to other customers in the same service territory and load zone.