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                  Fill 29
                  12.3.2024

                  IRA: prevailing wage and apprenticeship requirements to boost tax credits for sustainable energy projects

                  Market and policy

                  In the U.S., under the Inflation Reduction Act, taxpayers who meet prevailing wage and apprenticeship requirements can significantly increase their tax credits. For instance, complying with these conditions raises the base rate of the investment tax credit from 6% to 30% and can increase total credits from 8% to 40%. Eligible incentives include credits for clean energy production, hydrogen, carbon capture, and more. This framework promotes adherence to labor standards while advancing sustainable energy projects.

                  Original language: English
                  Origin: USA

                  Speaker

                  Sara Hutton
                  Senior Manager, Tax Services, RSM U.S.

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                  Published by
                  
AB Group

                  AB Energy
                  Via Caduti del Lavoro, 13
                  Orzinuovi (BS)
                  Italy

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