Biden Admin Boosts Clean Energy Subsidy Fivefold to Make Green Jobs More Attractive

The Inflation Reduction Act provides roughly $370 billion in subsidies for green energy projects including solar, wind, and electric vehicles.

Construction workers install actuators for tilting panels at a solar energy site that is being developed in Bowling Green, Fla., on March 24, 2021. Reuters/Dane Rhys

The Biden administration is boosting some green energy project subsidies fivefold, provided that their workers are paid higher wages, in a bid to make clean energy jobs more attractive.

The White House said on June 18 that the new rules implement provisions of the Inflation Reduction Act (IRA), under which companies that pay prevailing wages to workers and hire apprentices for projects seeking IRA tax credits would receive five times the normal base credit of 6 percent.