S7739 | Enacts the New York sun act of 2014

What's happening

Writing a plain-English summary… Track this bill to get it by email.

Why it matters

The daily · weekday mornings

Albany, before your first meeting.

Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.

Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.

Who cares

Headline styles

History

Jun 3, 2014 · SenateReferred to energy and telecommunications

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A5060Assembly

Enacts the New York sun act of 2014

In Senate Committee · Energy And Telecommunications · Sponsor Steven Englebright

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S7739

Title of bill

An act to amend the public service law, in relation to establishing a solar incentive and financing program

Purpose

To establish a solar incentive program that includes an extension of certain existing programs

Summary of provisions

The bill amends the public service law in respect to the solar incentive program defining "Electric distribution company" and "Qualified solar photovoltaic generating system". The bill takes focus on the modifications to its existing programs that encourage the development of qualified solar photovoltaic generating systems. The program modifications will require administration by the NYS Energy Research and Development Authority; planned annual expenditures; diversity of project; incentive structures that maximize cost effectiveness, participation and the economic benefits to NYS.

Justification

New York State must take measures to ensure that it remains at the forefront of economical power generation and the delivery of alternative and cleaner power. This legislation provides appropriate incentives for solar power generation by including a long term strategy for solar expansion with an equally important goal of minimizing negative rate payer impacts.

This legislation also seeks to capitalize on the growing solar and energy storage segments of the energy sector. At the present time, New York State is experiencing a lag in the development of these segments of the renewable energy sector when compared to other states. Part of the problem has been that theme is no clear incentive for businesses to make capital investments in solar and energy storage development. This is both a necessary and prudent step because it will help New York meet its goals for renewable energy. And, just as importantly, it will help to create solar and energy storage manufacturing and marketing jobs in New York State, rather than see them Created in another state or even worse, another country.

Legislative history

None

Fiscal implications

To be determined

Local fiscal implications