Prevailing Wage and Apprenticeships: What You Need to Know about Treasury’s Proposed Rules
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The Inflation Reduction Act (IRA) has unleashed billions of dollars of new investments in American clean energy, including a significant down payment on the solar workforce of the future.
Description
The Inflation Reduction Act (IRA) has unleashed billions of dollars of new investments in American clean energy, including a significant down payment on the solar workforce of the future. The IRA’s prevailing wage and apprenticeship rules are arguably the richest clean energy incentives in the statute, designed to ensure that the hundreds of gigawatts of clean energy capacity projected to come online in the next decade are built by American workers earning good wages while training the next generation of solar and storage professionals.
On August 29, the IRS released a notice of proposed rulemaking to address how taxpayers can qualify for the full 30% investment tax credit for solar and storage projects that pay workers locally prevailing wages and provide on-the-job training to qualified apprentices. The proposed rules include processes for determining the correct prevailing wage, rectifying underpayments, and seeking qualified apprentices. The rules also contain details on recordkeeping requirements for taxpayers.
Join us at 1:30pm ET to hear from SEIA leaders on the front lines of IRA implementation, including Q&A, where you will learn about:
- How to determine prevailing wages or seek determinations from the U.S. Department of Labor
- Exceptions and penalties for prevailing wage and apprenticeship requirements
- Recordkeeping and compliance obligations
- Next steps in the rulemaking process
- SEIA resources on apprenticeships and workforce
Speakers:
- Evelyn Butler, Vice President of Technical Services, SEIA
- Jeremy Woodrum, Senior Director of Congressional Affairs
- Ryan Servais, Director & Counsel, Regulatory Affairs, SEIA
- Erika Symmonds, Vice President of Equity and Workforce Development, SEIA
- Becky Long, Senior Program Manager, Workforce Development & Inclusion, SEIA