Projects coming online as soon as 2025 can qualify for credits, including some using traditional fossil fuels, with additional amounts added for factors including prevailing wages, apprenticeship, domestic content, and energy community location.
Incentives tied to craft worker compensation and apprenticeship on clean energy projects won't require developers to have project labor agreements, says the U.S. Treasury Dept.
U.S. Treasury Dept. details Inflation Reduction Act investment and production tax incentives that could unlock billions for more domestic manufacturing, but projects could still gain credits even with use of polysilicon wafers that one trade group said is 95% imported from China.
Following a dramatic March 2 raid that saw the company’s Peoria, Ill., headquarters and two other nearby facilities searched by federal officials, Caterpillar offered few new insights into the long-running tax investigation that likely prompted the action.
Caterpillar is focusing its CONEXPO presentation on demonstrating a remotely operated dozer and its expanded telematics reporting, but is also dealing with the fallout from a raid by IRS and Commerce Dept. agents of its Peoria, Ill. headquarters on March 2.
