There's A Huge Pay Raise On The Way For Clean Energy Workers

President Joe Biden speaks about investing in clean energy manufacturing at CS Wind in Pueblo, Colorado.AP Photo/Andrew HarnikThe Biden administration unveiled a rule linking clean energy tax breaks to worker pay.Projects must hire apprentices and pay prevailing wages to qualify for increased tax breaks.The credits could boost clean energy job wages, helping close the pay gap with fossil fuel jobs.The Biden administration wants to ensure businesses are paying their clean energy workers well — and it's using a new tax break to push for it.The Treasury Department, alongside the Internal Revenue Service, announced a final rule on Tuesday that stipulates how clean energy projects can get their tax break from the Inflation Reduction Act multiplied by five by paying workers more."No developer will leave that money on the table," John Podesta, Senior Advisor to the President for International Climate Policy, told reporters.To qualify, projects have to hire registered apprentices, who are paid for their work and earn credentials while doing it, and pay the prevailing wage to their workers, a level of minimum pay generally set for workers on government contracts.

BING NEWS:
  • Clean energy is cheaper — sometimes even free
    Former President Donald Trump’s “drill, baby, drill” mantra portrays fossil fuels as the magic road to lower energy prices. He’s exactly wrong. Solar, wind and other renewable sources are.
    09/27/2024 - 8:51 am | View Link
  • Fed Interest Rate Cuts Ease Clean Energy Headwinds
    Lower interest rates will help improve the economics of capital-intensive renewable energy projects, bringing more clean energy online faster.
    09/25/2024 - 12:45 am | View Link
  • New report shows clean energy jobs growing at more than twice the rate of other industries: 'Expected to continue for decades'
    In 2023, the clean energy industry added 142,000, rising by 4.2%. That is more than double the rate of growth of jobs in general, which was 2%, and also represents an increase over the previous year.
    09/25/2024 - 12:15 am | View Link
  • The Russian Bot Army That Conquered Online Poker
    Feruell keeps his emotions in check during games, but he’s outspoken in poker forums when he sees something he doesn’t like. In 2013 another player caught his eye. Vyacheslav Karpov, aka Performer, ...
    09/20/2024 - 12:59 am | View Link
  • Trump, Harris give lawmakers whiplash with costly campaign promises
    Former President Trump and Vice President Harris are offering a flurry of ideas on spending and taxes that are fueling concerns on Capitol Hill that there’s no end in sight for huge annual deficits.
    09/19/2024 - 2:00 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News