NY A01285

Establishes framework for shared renewable energy facilities in New York, allowing multiple customers to subscribe to and receive bill credits from renewable energy generation projects owned by third-party organizations.

Defines shared renewable energy facilities as renewable energy systems (solar, wind, fuel cells, farm waste, micro-hydroelectric) with minimum two subscribers and maximum 2,000 kilowatts capacity, owned by entities other than utilities or public authorities.

Requires subscriber organizations to file incorporation documents with the Department of State and submit annual reports to the Public Service Commission detailing membership, finances, and facility operations.

Establishes bill credit calculation methodology based on subscriber's portion of facility output multiplied by the electric corporation's retail rate, with credits carried over to subsequent billing periods but not reducing fixed monthly charges.

Mandates electric corporations develop model contracts within three months establishing rates and conditions for interconnection, with the Public Service Commission deciding within three months; requires standards for equipment isolation and safety compliance.