NY A00105

Requires electric corporations selling electricity to retail customers in New York to include minimum percentages of qualified renewable energy in their portfolios: 30% for energy years 2023-2027 and 40% for energy year 2028 (with at least 2% from solar).

Establishes a system of renewable energy certificates (RECs) and solar renewable energy certificates (SRECs) that electric corporations can purchase or retire to demonstrate compliance with renewable portfolio standards.

Allows electric corporations to meet solar requirements through retirement of solar RECs or by making solar alternative compliance payments to the commission, with collected payments refunded to ratepayers by electric distribution companies.

Requires solar electric generation facilities to be registered and meet specific criteria including proper permitting, equipment standards, and a 15-year qualification life during which generated energy can create eligible certificates.

Mandates annual reporting by electric corporations by October 1st demonstrating compliance, with enforcement penalties including license suspension, financial penalties, cost disallowance, and customer acquisition prohibitions for violations.