News & Analysis as of

Renewable Energy Clean Energy Prevailing Wages

Baker Donelson

Clean Energy Credits Under the Inflation Reduction Act: Credit Sales and Prevailing Wage Bonus

Baker Donelson on

The Internal Revenue Service (IRS) and the Department of the Treasury (DOT) released regulations on Section 6418 of the Internal Revenue Code of 1986, as amended (the Code), on July 1, 2024, concerning the transfer of certain...more

Jones Day

IRS Issues Final Prevailing Wage and Apprenticeship Regulations for Clean Energy Tax Credits

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The Background: The Inflation Reduction Act ("IRA") created or enhanced various tax credits for qualifying renewable energy projects. However, a taxpayer loses 80% of otherwise-available IRA credits unless prevailing wage...more

Stoel Rives - Renewable + Law

California Public Utilities Commission Implements New Prevailing Wage Requirements for Large NEM Projects Seeking to Interconnect...

On November 16, the California Public Utilities Commission (Commission) voted to adopt a decision resolving the remaining issues in the Net Energy Metering (NEM) proceeding.  The decision, issued on November 22 as...more

Holland & Knight LLP

Eyes on Energy Tax Update: Third Quarter 2023

Holland & Knight LLP on

Eyes on Energy Tax Update is a regular publication of the Holland & Knight Renewable and Alternative Energy Tax Team that provides highlights of important developments. The Renewable and Alternative Energy Tax Team also...more

Jones Day

Proposed IRS Regulations on Tax Credits for Renewable-Energy Investments Include Wage and Apprenticeship Requirements

Jones Day on

In Short - The Background: The Inflation Reduction Act provides for robust tax incentives on qualifying renewable-energy construction projects. In order to claim the full amount of such tax credits on qualifying projects,...more

Orrick, Herrington & Sutcliffe LLP

Prevailing Wage and Apprenticeship Requirements: Treasury Department and IRS Propose Regulations for Clean Energy Projects Under...

The Department of the Treasury and Internal Revenue Service (IRS) published proposed regulations (the “Proposed Regulations”) providing further guidance on the prevailing wage and apprenticeship requirements for clean energy...more

Eversheds Sutherland (US) LLP

Key proposed regulations issued regarding prevailing wage and registered apprenticeship requirements

On August 29, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) on the clean energy prevailing wage and apprenticeship (PWA) requirements...more

Allen Matkins

Renewable Energy Update 9.05.23

Allen Matkins on

The U.S. Department of Energy (DOE) is offering up to $300 million for states, tribes, and local governments to bolster transmission siting and permitting processes while supporting economic development. Through the...more

Holland & Knight LLP

Treasury, IRS Issue Proposed Regulations on IRA Prevailing Wage and Apprenticeship Requirements

Holland & Knight LLP on

Ten months after the release of initial guidance, the U.S. Department of the Treasury and IRS on Aug. 29, 2023, issued proposed regulations regarding increased credit or deduction amounts available for taxpayers satisfying...more

Seward & Kissel LLP

Government Tax Incentives for Offshore Wind Investments

Seward & Kissel LLP on

Background Offshore wind investments have become increasingly popular within the renewable energy sector due to the vital role they play in the global transition to clean energy. United States congress has created federal tax...more

Holland & Knight LLP

IRS and Department of Energy Release Additional Section 48C Guidance

Holland & Knight LLP on

Reinstated by the Inflation Reduction Act of 2022 (IRA), Section 48C of the Internal Revenue Code provides $10 billion in allocable credits for qualifying advanced energy projects, $4 billion of which must be allocated to...more

A&O Shearman

Prevailing Wage and Apprentice Requirements for Clean Energy Tax Credits are Coming into Effect on January 29, 2023

A&O Shearman on

On August 16, 2022, President Biden signed the Inflation Reduction Act (the “IRA”), which included provisions for clean energy tax and climate tax incentive credits for taxpayers – generally builders, developers and owners of...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Solar Tax Benefits Now Directly Available to State and Local Governments and 501(c)(3) Organizations

On August 16, 2022, President Biden signed the Inflation Reduction Act (or IRA), which provides significant tax and other incentives for qualifying renewable energy facilities including solar generation facilities. Among...more

Wiley Rein LLP

The Inflation Reduction Act Provides Potential Game-Changing Benefits for U.S. Solar Industry

Wiley Rein LLP on

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act of 2022 (the Act), which climate analysts have hailed as game-changing for the growth of solar power, and solar manufacturing, in the United...more

Eversheds Sutherland (US) LLP

Inflation Reduction Act of 2022: The energy tax provisions you need to know about

​​​​​​​The Inflation Reduction Act of 2022 (the Act) runs 725 pages and includes numerous energy tax provisions aimed at enhancing US energy security. The Act, if enacted, would extend and expand the renewable and alternative...more

Eversheds Sutherland (US) LLP

A better Build Back Better Plan? Updated House bill continues to include substantial clean energy tax proposals

Following the White House’s release of an updated Build Back Better Plan framework on October 28, 2021, the House released a revised budget reconciliation bill totaling $1.75 trillion. Both the framework and the updated House...more

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