Treasury Releases Guidance on New Energy Tax Credit Labor Provisions
The Treasury Department on Nov. 29 released initial guidance in IRS Notice 2022-61 regarding the Inflation Reduction Act’s labor requirements that apply to some of the energy tax incentives.
To claim the full credit amount for certain incentives, taxpayers are required to pay workers the “prevailing wage,” and in other cases, also hire a certain number of registered apprentices.
The prevailing wage and apprenticeship requirements apply to the Section 45 Production Tax Credit, the Section 48 Investment Tax Credit, and the Section 179D Energy Efficient Commercial Buildings Deduction, among others.
The prevailing wage requirements also apply to the Section 45L New Energy Efficient Home Tax Credit.
The Department of Labor separately issued two Frequently Asked Question (FAQ) documents to help taxpayers comply with these requirements: One on prevailing wage and the other on apprenticeships.
Learn more about the Inflation Reduction Act.
Latest from NAHBNow
Membership | Leadership Meetings
Jan 05, 2026
Leadership Council Delegate Nominations Due Jan. 30NAHB members who are interested in serving as a delegate to NAHB's 2026 Leadership Council are encouraged to contact their local home builders’ association (HBA). The deadline for HBAs to nominate delegates to the 2026 Leadership Council is Friday, Jan. 30.
Membership | HBA
Jan 05, 2026
Dallas BA Builds Mortgage-Free Homes for Veterans, First Responders in NeedThe Dallas Builders Association has partnered with Operation Finally Home, a 501(c)(3) nonprofit, for more than a decade to provide mortgage-free homes for injured veterans and first responders.
Latest Economic News
Economics
Jan 05, 2026
Housing Share of GDP: Third Quarter 2025Housing’s share of the economy was 16.1% in the third quarter of 2025, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is down from 16.3% in the second quarter but has remained about 16% since the fourth quarter of 2019.
Economics
Jan 05, 2026
Strong Economic Growth for Third QuarterA belated GDP report shows that the U.S. economy expanded at a strong pace in the third quarter–July through September–before signs of cooling appeared in the labor market and consumer confidence weakened.
Economics
Jan 02, 2026
Top Posts – The Power of Women in the WorkforceOver the past 125 years, women have played a crucial and multifaceted role in the labor force. Increasing women’s participation in the workforce is not only essential for individual and family well-being, but also contributes significantly to overall labor force participation rates and economic growth by adding more workers and enhancing overall productivity.