NY A04757

Requires each electric corporation selling electricity to New York retail customers to include minimum percentages of renewable energy in their portfolios: 30% for energy years 2017-2021 and 40% for energy year 2022 (with at least 2% from solar)

Establishes a registration and certification process for solar electric generation facilities to qualify for Solar Renewable Energy Certificates, with a 15-year qualification life for equipment

Allows electric corporations to comply through retirement of renewable energy certificates, solar renewable energy certificates, or alternative compliance payments (with payments directed to the Green Jobs-Green New York program)

Requires annual reporting to the Public Service Commission demonstrating compliance, with penalties including license suspension, financial penalties, and cost disallowance for non-compliance

Establishes the Public Service Commission authority to set prices for alternative compliance payments and solar alternative compliance payments, with solar payments to be refunded to ratepayers through electric distribution companies