The Inflation Reduction Act of 2022 reduced the base rate of the then-26% renewable energy investment tax credit to 6% for renewable energy projects. Few projects are financially viable with just the 6% credit, but projects can qualify for a 30% credit if they satisfy two criteria: prevailing wage and apprenticeship (PWA) requirements. In the latest installment in Tax Credit Tuesday’s recurring Renewable Energy Tax Credit Finance series, Michael Novogradac, CPA, and Tony Grappone, CPA, discuss the credits and technologies to which PWA criteria apply, how to meet PWA criteria and how to provide investors comfort with PWA compliance.

Summaries of each topic:
1. Introduction (0:14-4:14)
2. Renewable Energy Tax Credit Services (4:15-7:04)
3. Credits and Technologies Subject to the Prevailing Wage and Apprenticeship Criteria (7:05-10:27)
4. Prevailing Wage and Apprenticeship Criteria (10:28-13:26)
5. Hot Topic (13:27-15:59)
6. Gaining Comfort with PWA Compliance (16:00-22:56)
7. Wrap-Up (22:57-24:43)
8. Off-Mike Section (24:44-27:12)

Find podcast show notes and more Tax Credit Tuesday episodes at www.novoco.com/podcast.