Biden Admin Boosts Clean Energy Subsidy Fivefold to Make Green Jobs More Attractive

Published on June 22, 2024

In a bid to make clean energy jobs more attractive, the Biden administration is boosting some green energy project subsidies fivefold, provided their workers are paid higher wages. The White House said on June 18 that the new rules implement provisions of the Inflation Reduction Act (IRA), under which companies that pay prevailing wages to workers and hire apprentices for projects seeking IRA tax credits would receive five times the normal base credit of 6 percent. Known as prevailing wage and registered apprenticeship requirements, the new rules are part of President Joe Biden’s pledge that jobs created as part of his administration’s fight against climate change—such as building wind farms, constructing carbon capture facilities, and installing solar panels—will be good-paying and competitive with those in oil and gas....