The Inflation Reduction Act of 2022 (IRA) grants tax credits to
clean energy and infrastructure projects. But there is a string
attached: to receive the tax credits, workers doing the
construction, as well as those doing any subsequent alteration or
repair, must be paid the prevailing wages set under the Davis-Bacon
Act. In addition, there are apprenticeship requirements that must
be met for that work. Thus, attention to detail is critical when it
comes to those prevailing wage and apprenticeship requirements.
IN DEPTH
WHICH PROJECTS ARE ELIGIBLE FOR THE TAX
CREDITS?
Tax credits are available for:
- Facilities that produce electricity from certain renewables
(e.g., wind, biomass, geothermal, solar, landfill gas,
trash, qualified hydropower or marine and hydrokinetic
resources)
