The Inflation Reduction Act offers challenges to clean energy employers in meeting the new prevailing wage and apprenticeship requirements. A panel of experts in a recent Intersolar webinar provides some insight.
The upward trajectory of the solar industry in the United States brings new challenges, not the least of which is building a workforce. The challenge is not just finding workers, but preparing workers for the clean energy transition, but the opportunities are many.
The growing clean energy economy offers excellent career opportunities for displaced workers from fossil fuel industries, such as from shuttered coal plants. It also offers some opportunity for traditionally under-represented populations. New workforce-related requirements were put into place by the Inflation Reduction Act (IRA) that aims to address training, pay, diversity and job development in underserved areas.
In the recent Intersolar webinar, Clean Energy Workforce Development, Bernice Diaz, labor & employment associate at Sheppard Mullin Richter & Hampton LLP shed light on prevailing wage and apprenticeship requirements added to the Internal Revenue Code, which she said has “substantially changed existing federal income tax benefits for renewable energy”.
Diaz explained that there is now a two-tiered system that provides a base credit equal to 20% of the maximum credit and an increased credit equal to an additional 80%...
Read Full Story:
https://news.google.com/rss/articles/CBMiX2h0dHBzOi8vcHYtbWFnYXppbmUtdXNhLmNv...