Clean Energy

At SkillSmart, we’re driven by a belief that by working together we can transform our communities and that there is immense potential for clean energy to transform our world. Our mission is clear: to empower clean energy investors, owners, general contractors, and subcontractors with cutting-edge technology that not only ensures compliance but also unlocks the full potential of your projects.

We understand that every clean energy project has the power to make a lasting impact on our environment and economy. With SkillSmart InSight, we provide you with the technology to showcase the true potential of your clean energy endeavors, all while seamlessly navigating the complexities of compliance and making data-driven decisions to achieve your sustainability goals.

Energy Sector and Prevailing Wage FAQs

1. What is prevailing wage, and why is it important for energy projects?

Prevailing wage refers to the basic hourly rate of wages and benefits paid to similarly employed workers in a specific geographic area. This can be crucial for energy projects because compliance with prevailing wage requirements is often necessary to access federal tax credits, loan guarantees and other incentives.

2. We’ve never tracked prevailing wages before, why is this an issue that we need to address now?

Recent legislation, such as the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA), as well as other state and local policies, has heightened the importance of prevailing wage compliance in the energy sector and the rules and regulations associated with these new funding sources are just being made available. Companies must stay informed about these changes to determine if their projects are impacted by these laws and if so, to ensure they remain compliant.

3. What are the penalties for non-compliance with prevailing wage requirements?

Failure to meet prevailing wage requirements can result in substantial penalties and may prevent companies from maximizing available tax credits for their projects. It’s essential to use technology and other tools to minimize the risk of non-compliance and create a more efficient process.

4. How can technology help with prevailing wage compliance in energy projects?

Technology can streamline the process of tracking and reporting prevailing wage compliance, making it easier for companies to meet regulatory requirements. Tools like SkillSmart’s InSight platform provide efficient solutions for managing project data and ensuring compliance across all tiers of the supply chain.

5. What should companies look for when choosing a technology solution for prevailing wage compliance?

6. How can companies ensure transparency and accountability in prevailing wage compliance?

Utilizing technology for prevailing wage tracking and reporting enhances transparency and accountability in day to day operations, as well as any construction projects. It enables all stakeholders to have access to real-time data, fostering trust and collaboration among project participants.

7. What steps should companies take to navigate prevailing wage requirements in the energy sector?

Companies should proactively inquire with clients or project owners about financing details and if they include any recent changes to prevailing wage requirements. Additionally, they should explore resources like SkillSmart and tools like InSight to ensure they have the support and guidance needed to navigate compliance effectively.

Why Technology is Essential for Clean Energy Projects:

Specialized Expertise

Unlock the true potential of your clean energy projects with SkillSmart InSight, your trusted partner in prevailing wage compliance tracking and reporting. Our specialized expertise is tailored to meet the unique needs of investors, owners, general contractors, and subcontractors in the clean energy sector. Technology streamlines complex compliance processes, saving you time and resources.

Compliance Made Simple

At SkillSmart, we understand that navigating compliance regulations can be complex. That's why we've developed SkillSmart InSight, the industry's leading solution for labor and business compliance tracking. We make compliance simple, allowing you to focus on what matters most—your clean energy project. Our technology automates compliance tasks for effortless management.

Data-Driven Decisions

In the world of clean energy projects, data is power. SkillSmart InSight empowers you with the data you need to make informed decisions and be compliant. Our technology provides comprehensive tracking, ensuring that you have access to accurate and up-to-date information to optimize your project's compliance. Data-driven insights guide your sustainability efforts effectively.

Unwavering Support

SkillSmart is more than just a technology provider; we are your partner throughout your compliance journey. Our unwavering support is there when you need it most. Whether you have questions, need assistance, or want to explore the full capabilities of SkillSmart InSight, our dedicated team is here for you, backed by advanced technology for enhanced support.

What Sets Us Apart

SkillSmart InSight stands out as the ONLY comprehensive construction solution for labor and business compliance tracking. We are proud to offer a technology that not only simplifies compliance monitoring but also enhances your ability to access tax credits and incentives, especially those offered through the Inflation Reduction Act. Our technology keeps you ahead in the race for incentives.

The Inflation Reduction Act: Your Opportunity

Did you know that the Inflation Reduction Act provides a unique opportunity for clean energy projects to access valuable tax credits and incentives? However, to seize these opportunities, you need a tool that can track, monitor, and report on the data required for compliance. SkillSmart InSight is your answer, ensuring you never miss out on these incentives.

Why Choose SkillSmart InSight?

Comprehensive Tracking: SkillSmart InSight provides a holistic approach to compliance tracking, covering all aspects of labor and business requirements. Our technology ensures nothing falls through the cracks.
Unique Technology: Unlike other solutions, SkillSmart InSight is tailor-made for projects that qualify for tax credits under the Inflation Reduction Act. Our technology aligns perfectly with your eligibility criteria.
Proven Success: Join the ranks of successful clean energy projects that have maximized their incentives with SkillSmart InSight. Our technology has a track record of delivering results.

Ready to take control of your clean energy project’s compliance and unlock the potential of tax credits and incentives? Request a demo now to see SkillSmart InSight in action. You can also download a sample report to explore the capabilities of our technology.