Establishes a community wind energy pilot program in New York, allowing consumers to subscribe and receive dividends.

The bill establishes a community wind energy pilot program in New York, overseen by the commission. Consumers can subscribe to the program, making a one-time payment and receiving a quarterly dividend based on the energy generated by their subscription. The state retains ownership of the wind energy system and any renewable energy credits. The maximum size of the installation is two thousand kilowatts, and subscriptions cannot be resold. The bill also creates an investor-owned wind energy electric generating system.

Establishes a community wind energy pilot program in New York, allowing consumers to subscribe and receive dividends.

The bill establishes a community wind energy pilot program in New York, overseen by the commission. Consumers can subscribe to the program, making a one-time payment and receiving a quarterly dividend based on the energy generated by their subscription. The state retains ownership of the wind energy system and any renewable energy credits. The maximum size of the installation is two thousand kilowatts, and subscriptions cannot be resold. The bill also creates an investor-owned wind energy electric generating system.