Nearly two and a half years after the Inflation Reduction Act of 2022 (IRA) became law, developers and contractors continue to adjust to the new normal for renewable energy projects: compliance with prevailing wage and...more
On June 18, 2024, Treasury and the IRS released the final rule for compliance with the prevailing wage and apprenticeship requirements (PWA requirements) pursuant to the Inflation Reduction Act of 2022 (IRA). This final rule...more
6/20/2024
/ Apprenticeships ,
Department of Labor (DOL) ,
Employer Liability Issues ,
Energy Sector ,
Final Rules ,
Inflation Reduction Act (IRA) ,
IRS ,
Notice of Proposed Rulemaking (NOPR) ,
Prevailing Wages ,
Regulatory Agenda ,
Regulatory Requirements ,
U.S. Treasury ,
Wage & Hour Division (WHD) ,
Wage and Hour
Payment of a prevailing wage to workers and employment of apprentices are key requirements for renewable energy developers to obtain the various tax incentives for their projects provided by the Inflation Reduction Act of...more
Renewable energy developers and contractors have been anticipating the Treasury Department and IRS’s initial guidance on what is required to satisfy the prevailing wage and apprentice requirements under the Inflation...more
12/15/2022
/ Apprenticeships ,
Construction Industry ,
Construction Project ,
Contractors ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Energy Projects ,
Energy Sector ,
Federal Contractors ,
Inflation Reduction Act (IRA) ,
IRS ,
Prevailing Wages ,
Renewable Energy Incentives ,
Tax Incentives ,
U.S. Treasury ,
Wage and Hour