Payment of a prevailing wage to workers and employment of apprentices are key requirements for renewable energy developers to obtain the various tax incentives for their projects provided by the Inflation Reduction Act of 2022 (“IRA”). A little over a year following enactment of the IRA, and nine months after release of the initial guidance, on August 30, 2023, the Treasury Department and IRS released the Notice of Proposed Rulemaking (“NOPR”) on prevailing wage and apprenticeship requirements.

Originally published in PV Magazine - September 7, 2023.