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Country / jurisdiction: United States · Year: 2024 · Status: In force · Level: National · Type: Voluntary
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on prevailing wage and registered apprenticeship (PWA) requirements in the Inflation Reduction Act.
As part of the Biden-Harris Administration's Investing in America agenda, the final rules will help build a strong pipeline of highly-skilled workers to support the growth of the clean energy economy and ensure clean energy jobs are good-paying jobs. inal rules from Treasury – which were developed in close partnership with the Department of Labor (DOL) – provide clarity and certainty on the PWA requirements to ensure the clean energy transition is centered around workers. In general, if taxpayers pay prevailing wages to laborers and mechanics and hire registered apprentices for projects supported by most of the Inflation Reduction Act’s clean energy tax incentives, then taxpayers can claim an increased credit equal to five times the base incentive. This includes projects utilizing the investment and production tax credits that help finance utility-scale wind, solar, and battery storage projects, as well as for credits for carbon capture, utilization, and storage and clean hydrogen projects.
Official source: https://home.treasury.gov/news/press-releases/jy2413
المصدر
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