With the inauguration of President Donald Trump and the Republican Party taking control of both houses of Congress, the renewable energy industry is faced with great uncertainty, including the potential for immediate impacts...more
1/31/2025
/ Clean Energy ,
Congressional Review Act ,
Executive Orders ,
Final Rules ,
Inflation Reduction Act (IRA) ,
IRS ,
Regulatory Agenda ,
Regulatory Freeze ,
Renewable Energy ,
Tax Credits ,
Trump Administration
On January 16, 2025, the IRS released Notice 2025-08, modifying its prior guidance issued as Notice 2023-38 and Notice 2024-41, for taxpayers seeking to qualify for the domestic content bonus tax credit amounts under the...more
1/22/2025
/ Clean Energy ,
Energy Projects ,
Energy Storage ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Tax Credits ,
Wind Power
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
On May 16, 2024, the IRS released Notice 2024-41 (the “Notice”), modifying its preliminary guidance issued last May in Notice 2023-38 addressing the application of potential future rules that taxpayers must satisfy to qualify...more
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
Inflation Reduction Act -
Perhaps the most significant recent develop- ment in the area of alternative energy, the Infla- tion Reduction Act of 2022 (IRA) offers approxi- mately USD270 billion in tax incentives to help...more
8/22/2023
/ CFIUS ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Emerging Technologies ,
Energy Projects ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
IRS ,
NEPA ,
NERC ,
Production Tax Credit ,
Sackett v EPA ,
SCOTUS ,
Supply Chain ,
Tax Credits
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