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NY A04739
Bill
Status
Introduced
2/5/2015
Primary Sponsor
Dan Quart
Click for details
AI Summary
- Establishes a state-overseen community solar pilot program allowing consumers to subscribe to a solar installation with one-time payments and receive quarterly dividend payments based on their subscription level
- Sets minimum subscription price at no more than $500 per subscription, with the Commission determining price per watt, subscription percentages, and maximum subscriptions at each level
- Requires all energy generated to be sold back to investor-owned utilities at retail rates, with the state retaining ownership of the installation and renewable energy credits
- Dedicates one percent of all subscriber payments to fund the original installation's capital costs, then redirects those funds to support new solar installations
- Limits maximum installation size to 2,000 kilowatts and prohibits subscribers from reselling subscriptions to any entity other than the state
Legislative Description
Establishes a community solar pilot program.
Last Action
referred to energy
1/6/2016
Committee Referrals
Energy2/5/2015
Full Bill Text
No bill text available