Wage and Apprentice Requirements for Offshore Wind Projects

These wage and apprentice requirements don't apply to projects that are under construction within 59 days after the i r s issues guidance. The irus is already working on that guidance, but still expected to take a number of months after the bill is enacted. There's a domestic content requirement that acts like a carrot and a stick. For offshore wind projects, the carrot is an extra, up to an extra ten % investment tax credit,. But that stick was supposed to be in ability to get a cash payment in lieu of tax credits.