Yes, there are exemptions to the prevailing wage and apprenticeship requirements for energy storage projects. These exemptions include:
- One-Megawatt Exception: Energy storage projects with a capacity of less than one megawatt are eligible for increased tax credits without needing to satisfy the prevailing wage and apprenticeship requirements. This provision applies under Section 48E and other relevant sections.
- Beginning of Construction Exception: For projects that began construction before January 29, 2023, there is no requirement to meet prevailing wage and apprenticeship standards to qualify for the increased credit or deduction amount.
These exceptions provide flexibility for smaller projects or those initiated before specific deadlines, allowing them to benefit from tax incentives without fully complying with the prevailing wage and apprenticeship requirements.
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