>All of these projects would be required to meet labor standards–prevailing wage and apprenticeship requirements–to maximize their federal tax incentives under the IRA, paving the way to boost pay and job quality for clean energy workers across the U.S.
Love it when the government deliberately maximizes how much its projects cost and calls it a win.
john_doe_smith1 on
The day the Republican Party gets a non racist center right moderate it will be over for the democrats
GestapoTakeMeAway on
I’m not anti-union, but I personally don’t think there should’ve been any prevailing wage requirements to be eligible for the subsidies inside the IRA. We wanna build climate-friendly energy, electric cars, chargers, batteries, etc as fast as possible and adding extra costs through requirements like these(not to mention some of the sourcing requirements), only slows the process down
Thatthingintheplace on
The big question will also be how many of those jobs stick around.
With a lot of the Build America Buy America requirements, there are companies that are tackling it in two different ways. The first is to legitimately onshore the full manufacturing, and supply the full U.S. and hopefully other markets from that new factory.
The second is to do the bare minimum for compliance. Set up an assembly line with heavily kitted parts from the initial factory you keep going. And then sell with two prices, one the original LCR price and the second with an incredibly inflated BABA compliant price. But in industries where most of the order volume isn’t IRA related that can still make sense.
Now the obvious pain point here is that when the IRA money dissapears those jobs in the second sourcing strategy will to. The question will be can people that actually onshored their manufacturing get the costs down fast enough to win those markets, seeing as a lot of the grants stop going out around 2028 to 2030.
5 Comments
Terrible.
>All of these projects would be required to meet labor standards–prevailing wage and apprenticeship requirements–to maximize their federal tax incentives under the IRA, paving the way to boost pay and job quality for clean energy workers across the U.S.
Love it when the government deliberately maximizes how much its projects cost and calls it a win.
The day the Republican Party gets a non racist center right moderate it will be over for the democrats
I’m not anti-union, but I personally don’t think there should’ve been any prevailing wage requirements to be eligible for the subsidies inside the IRA. We wanna build climate-friendly energy, electric cars, chargers, batteries, etc as fast as possible and adding extra costs through requirements like these(not to mention some of the sourcing requirements), only slows the process down
The big question will also be how many of those jobs stick around.
With a lot of the Build America Buy America requirements, there are companies that are tackling it in two different ways. The first is to legitimately onshore the full manufacturing, and supply the full U.S. and hopefully other markets from that new factory.
The second is to do the bare minimum for compliance. Set up an assembly line with heavily kitted parts from the initial factory you keep going. And then sell with two prices, one the original LCR price and the second with an incredibly inflated BABA compliant price. But in industries where most of the order volume isn’t IRA related that can still make sense.
Now the obvious pain point here is that when the IRA money dissapears those jobs in the second sourcing strategy will to. The question will be can people that actually onshored their manufacturing get the costs down fast enough to win those markets, seeing as a lot of the grants stop going out around 2028 to 2030.