Solar power and wind energy

IRA: prevailing wage and apprenticeship guidance

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The IRS has issued Notice 2022-61 (Notice) which imposes guidance around several new requirements to obtain the many energy efficient tax breaks extended by the Inflation Reduction Act (IRA). Requirements to pay prevailing wages and offer apprenticeship programs do not apply for projects that have “begun construction” within 59 days of the guidance released on Nov. 30, 2022.

In this video you’ll learn about the new guidance and how it may impact your project, including:

  • Prevailing wage and apprenticeship requirements
  • Establishing tax credit value
  • Safe harbor basics and continuity requirements
  • How tax credits are affected by prevailing wage
  • Understanding what “begun construction” means
  • Important deadlines to keep in mind to be deemed to have met prevailing wage requirements.

For more information or to learn how Baker Tilly specialists can help, reach out to your Baker Tilly professional or contact our team.

Joel M. Laubenstein
Gideon Gradman
Baker Tilly Capital, LLC Managing Director