Creates a revolving loan fund through the New York state energy research and development authority for the purpose of building renewable energy storage systems scaled to function as microgrids to power housing owned by the New York city housing authority.
Creates a small business renewable tax credit; provides the term "business related renewable energy usage" shall refer to renewable power usage used to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared renewable energy power usage cost.
This bill defines "agrivoltaics" as projects that simultaneously use land for solar energy generation and agriculture (like growing crops under solar panels), with specific requirements to maintain farming activities. It requires state authorities to prioritize previously developed sites - such as brownfields, landfills, parking lots, and underutilized commercial properties - for new renewable energy projects. The law directly affects agricultural producers and renewable energy developers by creating a framework for dual-use solar-farming projects on suitable land. Key provisions include mandatory planning with farmers, decommissioning plans to protect farmland, and restrictions on using pollinator habitats or sheep grazing as the sole activity.
This bill creates a 25% tax credit for homeowners who purchase, lease, or buy power from solar energy systems installed on their primary residence in the state. It directly affects residential property owners who install qualifying solar equipment, with a maximum credit of $3,750 for systems placed in service before September 1, 2006, and $5,000 for systems placed in service on or after that date. The credit covers equipment purchases, long-term leases (10+ years), or power purchase agreements (10+ years) for systems on the taxpayer's principal residence. It also includes provisions for shared ownership in condos or co-ops, allowing proportional credit claims based on individual contributions.
S 5687 caps annual profit margins for public gas and electric corporations, as well as municipal utility companies, at 4% of their equity investment. The bill defines "profit margin" as the return on equity (calculated based on the commission-approved rate structure), directly limiting how much these utilities can earn from their operations. This policy change requires utilities to adjust their pricing or operations to stay within the 4% cap starting January 1st after the bill takes effect. The measure applies specifically to publicly regulated utilities, not private companies.
Enacts the "build to need act" to meet the state's electrification and climate related policy mandates; directs the public service commission to implement a grid planning process; makes related provisions.
This bill requires electric and gas utilities to establish and maintain reduced residential rates (25-35% lower) for low-income customers. It directly affects low-income households receiving benefits from programs like SSI, SNAP, LIHEAP, or TANF, and mandates utilities to simplify enrollment through data sharing with social services agencies. Utilities must cover the revenue loss from these discounts using existing funds (like uncommitted surcharge revenues or disallowed bonuses) instead of raising rates for other customers. The law requires all eligible customers to be enrolled by January 1, 2027, with utilities providing clear application information at service setup and on bills.
Requires the New York state energy research and development authority conduct a study on independent neighborhoods and homes in cities constructing micro-grids to study the feasibility, efficiency, and energy saving costs if such micro-grids were constructed.
Establishes an agrivoltaic production tax credit for farmers who manage a farm operation that is situated wholly or in part within one or more qualified agrivoltaic facilities.
Directs the public service commission to evaluate hydrogen, sewage thermal energy, and nuclear small modular reactors as renewable energy sources and report the results of such evaluation to the governor and the legislature.
