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Final Guidance Released On IRA’s Prevailing Wage & Apprenticeship Requirements - According To The U.S. Treasury Department, Developers Of Clean Energy Projects ‘May Be Able To Claim An Increased Credit Equal To Five Times The Base Incentive’

Published Sunday, June 23, 2024
by Labor News Story Link to pv magazine
Final Guidance Released On IRA’s Prevailing Wage & Apprenticeship Requirements - According To The U.S. Treasury Department, Developers Of Clean Energy Projects ‘May Be Able To Claim An Increased Credit Equal To Five Times The Base Incentive’

Anne Fischer at pv magazine reports the U.S. Department of the Treasury and the Internal Revenue Service have released final rules on the Inflation Reduction Act’s (IRA) Prevailing Wage and Registered Apprenticeship requirements.  The goal of the Prevailing Wage and Registered Apprenticeship (PWA) provisions in the IRA are to ensure those working in the Clean Energy Industry receive fair pay and also to encourage Apprenticeship Programs that will build a skilled workforce.  The clean energy projects that resulted from the IRA have created more than 270,000 jobs, according to the Treasury Department, which said studies show that more than 1.5 million additional jobs will be created over the next decade.

For Details Of The Final Rules, Go To: Final guidance released on IRA’s prevailing wage and apprenticeship requirements – pv magazine USA (pv-magazine-usa.com)

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