A municipality’s guide to prevailing wage and apprenticeship compliance

The Inflation Reduction Act (IRA) created game-changing opportunities for non-taxable entities to take advantage of direct payment provisions, in lieu of energy incentives and tax credits. Complying with prevailing wage & apprenticeship under IRA can significantly enhance credit value.

Unfortunately, compliance is not straightforward and is hard to substantiate. Local governments and other entities with clean energy projects seeking IRA tax credits have signatory risk and need to fully trust contractors to comply in order to maximize credit value. Many contractors do not have the capability to capture daily wage and apprenticeship data to avoid penalties.

Baker Tilly and LCPtracker have a solution for municipalities that offers complete data-set coverage and uses technology to establish, monitor and document all three pillars of compliance: prevailing wage, apprenticeship and penalties.

Join us to learn more about what steps municipalities can take to maximize IRA credit value and how to simplify compliance with our solution.

In this session we will:

• Briefly review the Inflation Reduction Act and direct pay provisions for municipalities
• Discuss prevailing wage and apprenticeship regulations and how they differ from Davis-Bacon
• Preview our end-to-end compliance solution in LCPtracker
• Recommend next steps for municipal project owners

Presenters:

Neil Armour, LCPtracker
Doug Baldessari, Partner, Baker Tilly
Laura Cataldo, Director, Baker Tilly