Labor Rules Key to Unlocking 'Bonus' Clean Energy Credits
Tax attorney Nicole Elliott was quoted in a Law360 article discussing the new requirements set forth by the Inflation Reduction Act for large-scale clean energy construction projects seeking to access the production tax credit and investment tax credit's so-called bonus credits. In order for large-scale clean energy construction projects to access these bonus credits, they must set wages at prevailing local rates and employ apprentices from federally registered programs.
Ms. Elliott said the bonus credit is "an important sweetener because it's generally five times the amount of the base credit...It's certainly a very big incentive."
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