The Biden administration on Tuesday announced final rules that codify the prevailing wage and apprenticeship requirements clean energy project managers must meet to receive increased tax credits.
By meeting the Treasury Department’s labor requirements, developers can earn five times the baseline credit amount under the 2022 climate reconciliation law. The eligible credits include the renewable electricity production, clean electricity investment, and clean hydrogen production credits.
While a version of these requirements was already in effect, Special Presidential Envoy for Climate John Podesta said on a call with reporters the final guidance “will give clarity and certainty to developers and the workers they employ that clean energy jobs will be good jobs.”
