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NY A07240
Bill
Status
Introduced
5/15/2023
Primary Sponsor
Jo Simon
Click for details
AI Summary
- Establishes a New York State pilot program for community solar energy, overseen by the Public Service Commission
- Allows consumers to subscribe to the program with a one-time payment of no more than $500 per subscription and receive quarterly dividend payments based on energy generated
- Commission sets subscription schedule including price per watt and maximum number of subscriptions at each level
- All energy generated by the solar installation is sold back to investor-owned utilities, with subscribers paid at the retail rate rather than avoided-cost rate
- State retains ownership of solar installations and renewable energy credits, with one percent of subscriber payments used to fund capital investment and future installations; installations capped at 2,000 kilowatts maximum
Legislative Description
Establishes a community solar pilot program to promote the use of community solar energy.
Last Action
referred to energy
1/3/2024
Committee Referrals
Energy5/15/2023
Full Bill Text
No bill text available