Treasury has released guidance on solar domestic content related to the IRA

Treasury has unleashed guidelines about the IRA’s 10% bonus for solar power projects that use made-in-USA content. It makes it clearer to developers how to take advantage of the domestic content bonus credit for projects that begin construction this year. They also clarify the treatment of labor costs so as to ensure the focus of the incentive remains on domestic manufacturing. These proposed regulations will apply to taxable years ending after May 12, 2023.