NY A07608

Allows multifamily building residents and consumers within five miles of qualified sites to subscribe to and receive electric bill credits from solar facilities located on agricultural land, landfills, or brownfields.

Establishes shared solar power facilities with rated capacity of 200 kilowatts through 2016, 500 kilowatts through 2017, and up to 1 megawatt after 2018 (if approved by the Public Service Commission).

Requires solar subscription agreements between facility owners and qualified consumers with terms of 3-10 years, fixed annual renewal dates, and consumer right to terminate on annual renewal with 60 days notice.

Allocates net metering credits generated by shared solar facilities to subscribing consumers at the same rate as their primary account charges, with credits carried forward month to month.

Permits the Public Service Commission to suspend the program through formal proceeding if it causes substantial negative impact on utility ratepayers, with existing contracts grandfathered in if suspension occurs.