Treasury and IRS issued guidance on the wage and apprenticeship requirements applicable to construction construction and installation of property with respect to the energy efficient commercial buildings deduction under the Internal Revenue Code. This guidance was part of Treasury’s initial guidance on the Inflation Reduction Act’s labor standards firms must meet to qualify for enhanced clean energy and climate tax incentives. Learn more by reading the full guidance.
Relatedly, the Department of Labor released FAQs to help stakeholders lacking experience with prevailing wage and registered apprenticeship systems to understand how to meet the IRA’s standards for clean energy-related jobs.