The Treasury Department and the Internal Revenue Service (IRS) have published final regulations regarding the prevailing wage and registered apprenticeship (PWA) requirements that taxpayers must satisfy to receive five times the base tax credit or deduction amounts with respect to certain clean energy facilities, properties, projects, technologies, or equipment under the Internal Revenue Code (the Code), as amended by the Inflation Reduction Act of 2022 (IRA). The overview below seeks to explain the portions of this lengthy final rule that we felt would be of most interest to MCAA. There are aspects of the rule that are not addressed in this document, and the MCAA public policy team is happy to answer questions about aspects of these lengthy regulations not addressed in this overview.
Please reach out to MCAA’s public policy team if you have any questions.
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The @AOSmithHotWater Adapt™ Premium Condensing Gas Tankless Water Heater promises unparalleled installation flexibility.
It can be conformed on the spot to fit the exact needs, no matter the install location, fuel type, or existing venting.
Learn more: https://www.mcaa.org/smart_sol_article/saving-installation-time-with-onsite-adaptability/
Looking for the latest from @WennSoft and SPX Cooling Tech, LLC? Find it in MCAA’s Virtual Trade Show! >> https://ow.ly/cxwY50UvjZs
Alexander Mechanical, Inc. immediately increased efficiency and decreased material costs when it purchased its first Watts pipe cutting machine. Adding a second, larger pipe cutter helps keep pace with business growth and Increase efficiency.
Learn more: https://ow.ly/tL2L50Uty21
The annual MCAA/@CNA_Insurance Safety Excellence Awards Program honors MCAA member companies’ successful safety programs and innovative safety initiatives. Please take a moment to celebrate your company’s 2024 successes and apply today! http://ow.ly/CLQa50M0Xv7
