NY A04144

Requires electric corporations selling electricity to retail customers in New York to include minimum percentages of renewable energy in their portfolios: 30% for energy years 2019-2023 and 40% (with at least 2% from solar) for energy year 2024 and beyond.

Establishes a certificate system where renewable energy generators can obtain renewable energy certificates (RECs) and solar renewable energy certificates (SRECs) representing one megawatt-hour of generation each, which electric corporations must retire to demonstrate compliance.

Allows electric corporations to meet solar requirements either by retiring solar renewable energy certificates or by making solar alternative compliance payments to the state, with revenues from solar payments refunded to ratepayers by electric distribution companies.

Creates registration and qualification requirements for solar facilities, including a 15-year qualification life during which facilities can generate certificates, and restricts double-counting of renewable energy across multiple state programs or voluntary markets.

Requires annual compliance reporting by October 1st with detailed documentation, enforcement penalties including license suspension or financial penalties for non-compliance, and maintains a five-year record retention requirement.