NY A04090

Increases non-residential solar and farm waste electric generating equipment capacity limits from 2,000 kilowatts to 5,000 kilowatts, and extends the same limit increase to fuel cell and micro-hydroelectric generating equipment for non-residential customers.

Allows existing net energy metering contracts in effect as of March 1, 2018 to remain available to customer-generators who execute interconnection agreements before December 31, 2022, and extends these contracts for the lifetime of the generating equipment.

Requires the Public Service Commission to adopt by June 30, 2022 a value of distributed energy resources crediting mechanism that accounts for energy, capacity, public benefits including grid security, climate security, emissions reductions, and avoided costs for low-income customers.

Mandates the Department publish a draft methodology by February 28, 2022 with a 90-day public comment period and requires the commission to hold at least four regional public hearings on the draft before final adoption.

Directs the Long Island Power Authority to adopt a similar value of distributed energy resources crediting mechanism consistent with state law, hold at least two public hearings, and authorize the authority to promulgate necessary rules and regulations immediately upon enactment.