NY A07917

Allows multifamily building residents to subscribe to and share savings from solar power systems located on agricultural land, landfills, and brownfields through net metering credits.

Defines a "shared solar power facility" as solar equipment on qualified sites where owners can allocate net metering credits to multiple qualified consumers within the same utility service territory.

Establishes solar subscription contracts with 3-10 year terms and fixed annual renewal dates, allowing qualified consumers to terminate subscriptions with 60 days notice on renewal dates.

Limits solar electric generating equipment to 200 kilowatts capacity through 2018, 500 kilowatts through 2019, and permits the Public Service Commission to increase capacity up to 1 megawatt after January 1, 2020.

Allows electric utilities to recover prudently incurred costs of compliance through the supply portion of customer bills and grants the Commission authority to suspend the program if it substantially increases ratepayer costs or is determined not in the public interest.