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Submission: On September 10 via manual from CL — Scanned from US
Submission: On September 10 via manual from CL — Scanned from US
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Press Alt+1 for screen-reader mode, Alt+0 to cancelAccessibility Screen-Reader Guide, Feedback, and Issue Reporting We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Customize Reject All Accept All Customize Consent Preferences We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below. The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... Show more NecessaryAlways Active Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data. No cookies to display. 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Reject All Save My Preferences Accept All * Company * About Us * Our Team * Careers * Who We Serve * General Contractors * Owners/Developers * Diversity Directors * Project Executives * Municipalities / Agencies * K-12 / Higher Education * Clean Energy * Other Industries Served * Products * SkillSmart InSight * SkillSmart Seeker * Projects * News * Blog * Press / Media * Events * Resources * Case Studies * Contact Schedule Demo Support * Company * About Us * Our Team * Careers * Who We Serve * General Contractors * Owners/Developers * Diversity Directors * Project Executives * Municipalities / Agencies * K-12 / Higher Education * Clean Energy * Other Industries Served * Products * SkillSmart InSight * SkillSmart Seeker * Projects * News * Blog * Press / Media * Events * Resources * Case Studies * Contact Schedule Demo Support * Company * About Us * Our Team * Careers * Who We Serve * General Contractors * Owners/Developers * Diversity Directors * Project Executives * Municipalities / Agencies * K-12 / Higher Education * Clean Energy * Other Industries Served * Products * SkillSmart InSight * SkillSmart Seeker * Projects * News * Blog * Press / Media * Events * Resources * Case Studies * Contact * Company * Company * About Us * Our Team * Careers * Who We Serve * Who We Serve * General Contractors * Owners/Developers * Diversity Directors * Project Executives * Municipalities / Agencies * K-12 / Higher Education * Clean Energy * Other Industries Served * Products * Products * SkillSmart InSight * SkillSmart Seeker * Projects * News * News * Blog * Press / Media * Events * Resources * Resources * Case Studies * Contact Blog Home Industry Energy Clean Energy and Prevailing Wage – An Important and Unlikely New Pairing EnergyIndustryInSightMunicipalities CLEAN ENERGY AND PREVAILING WAGE – AN IMPORTANT AND UNLIKELY NEW PAIRING August 3, 2023 SkillSmart 0 Comments 3417 Views 232 The Inflation Reduction Act (IRA) has brought prevailing wage and clean energy together. The IRA includes nearly $270 billion for incentives and tax credits to encourage acceleration of efforts to implement clean energy initiatives. Yet, in order to receive these benefits, businesses must ensure that people working on their projects are being paid the prevailing wage. Combining these concepts is intended to have positive benefits for both the economy and environment and ensure those working and living in the communities where these initiatives are being implemented will benefit. Each project is required to pay its workers a prevailing wage and employ a certain number of apprentices so that these project investments also train workers for the future. To be eligible for the tax credits, a business must document that its workers are being paid appropriately and affirm that they have the appropriate number of apprentices The reality is most organizations haven’t done this well and are intimidated to try. This post can de-mystify this issue and help get the projects and tax credits rolling for your initiatives. ENSURE PREVAILING WAGE COMPLIANCE FOR CLEAN ENERGY TAX CREDITS Download Sample Report Prevailing wage is often used in construction projects to ensure that workers are being paid wages that are comparable to what others are being paid in the region for the same type of work. There is a usually a wage determination for your geographic area, along with corresponding job classifications, and this information can be found at the Department of Labor’s sam.gov website. By coordinating with the local government offices, you will find guidance about the apprentice to journeyman ratio for each project, as well as information on the recordkeeping and reporting requirements. Having the right tools can make this very straightforward, even if you or your clients haven’t managed prevailing wage projects before. At SkillSmart, our InSight technology is designed to ease challenges in the data collection and project management process. By deploying our platform for one or multiple projects, InSight can: * identify the wage classifications for you, * capture and review your payroll information each week to ensure that all of your vendors and contractors are paying subcontractors appropriately, * document your apprentices and workforce demographic data, * allow you to monitor and project manage this real-time information in your dashboard, * automatically generate a formatted report that demonstrates progress toward tax credit requirements. At SkillSmart we are interested in working with partners focused on doing well while doing good. If you or your clients are pursuing these enhanced clean energy and climate tax incentives and want help simplifying the prevailing wage requirements, please connect with us at www.skillsmart.us FILL OUT THE FORM BELOW TO DOWNLOAD A SAMPLE REPORT. * First Name* * Last Name ** * Company Name ** * Email Address* * ABOUTSKILLSMART SkillSmart provides construction technology to transform the way project data is tracked and reported. Our team supports some of the largest economic development and construction projects in the U.S. SkillSmart Insight helps organizations address diversity, prevailing wage, and regional workforce compliance, moving to quantify the economic impact of every project in the communities where you are building. We provide a secure solution for tracking and reporting all of the data that you need to run your project and your business. Our team works collaboratively with yours to streamline the way data is collected and stored so that when it comes time to report, analyze, quantify, and deliver the results there’s no second guessing. Using Federal Funding and Building a Stronger WorkforceJune 12, 2023 The Future of Clean Energy Projects: Tech-Driven Tax Credit OptimizationSeptember 21, 2023 RELATED POSTS April 16, 2015 Industry SKILLSMART PARTNER SPOTLIGHT FEATURING PER SCHOLAS 404 0 Comments May 19, 2015 Industry SKILLSMART PARTNER SPOTLIGHT FEATURING MONTGOMERY BUSINESS DEVELOPMENT CORPORATION AND RX FOR EMPLOYABILITY 341 0 Comments InSight was created to capture, store and report project, workforce, wage and business compliance data. -------------------------------------------------------------------------------- Learn how InSight can help your project today! Seeker is a community engagement platform to build a skilled workforce pipeline for your business. -------------------------------------------------------------------------------- Build your workforce with Seeker today! Newsletter Leave this field empty if you're human: About SkillSmart SkillSmart is a compliance, reporting and tracking technology company with a strong record of transforming communities by creating tools and services to build strong markets and clear paths to economic success. * Privacy Policy * Terms of Service * Website Accessibility Latest News * InSight Minute: Can You Meet the Prevailing Wage Requirements for your Project? * Prevailing Wage: The New Factor Impacting Energy Projects * Year End Reporting – How’s it Going? Comparisons * SkillSmart InSight vs. LCPTracker * SkillSmart InSight vs. B2Gnow Connect SkillSmart PO Box: 1116 Germantown, MD 20875 (301)250-1015 Proud Member Copyright © 2024 SkillSmart. All Rights Reserved Notifications