PWA Navigator helps you with…
- Process Improvement
- Claiming X5 Credit
- Penalty & Interest Avoidance
- Documentation Support
Prevailing Wage & Apprenticeship Background
Meeting Prevailing Wage & Apprenticeship requirements allows your company to multiply certain clean energy credits by five, making it one of the most impactful bonus credits from the Inflation Reduction Act (IRA). This “bonus credit” applies to many clean energy credits currently in effect, including those covering technologies like solar panels, wind turbines, and EV charging stations.
However, PWA benefit requirements can be cumbersome and complicated. Most importantly, the data should be tracked and analyzed throughout construction to avoid possible penalties and interest.
The Solution
Our full-scope service includes various phases powered by our PWA Navigator tool. Our team can help you:
Analyze potential process improvements:
Sound processes can help gather needed information for PWA requirements. Processes include payroll, work and time tracking, apprenticeship requests, and apprentice participation monitoring, among others.
Track activity:
Tracking activity during construction allows taxpayers to gather data points needed for documentation and compliance.
Identify the need for correction payments:
We can alert you to PWA compliance errors as they’re made, helping avoid penalties and interest.
Comply with documentation and reporting standards:
We can help you complete requisite forms and compile a documentation package for use in a related future IRS exam.
PWA Navigator
The PWA Navigator tool is an innovative tracker that analyzes your payroll and construction information, identifying when corrections are needed to comply with PWA guidance. Our easy upload and data collection process sets you up to keep track of your project throughout construction with helpful notifications, dashboards, and reports. Whether you’re claiming the credit yourself or complying with contractual obligations, project owners and contractors alike can benefit from this tool.
