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History
- Print number 569a
- Amend and recommit to energy and telecommunications
- Referred to energy and telecommunications
- Referred to energy and telecommunications
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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
Latimer 2013-14, Englebright 2013-2014 Latimer 2015-16, Englebright 2015-2016
Fiscal implications
To be determined
Local fiscal implications
To be determined
Effective date
This bill shall take effect immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.