You Have Options! Modern Technology for Simplifying Your Tax Credit and Prevailing Wage Compliance
If you’re managing renewable energy projects, you know that meeting prevailing wage and apprenticeship (PWA) requirements can significantly increase the value of your federal and state tax credits. With the right technology, navigating these requirements can be straightforward, efficient, and even empowering for your team. However, using outdated tools or rigid platforms can make the process unnecessarily difficult, putting your tax credits at risk due to insufficient, incomplete, or inaccurate data tracking. At SkillSmart, we believe that compliance should enhance your project, not hold it back. That’s why we’re committed to providing a modern, adaptable solution that simplifies compliance, maximizes efficiency, and ultimately, drives the success of your projects.
Many available compliance tools, especially those commonly used in construction and government sectors, were originally built for a different era of regulatory requirements. These platforms, which were developed decades ago, may be limited in their functionality, outdated in design, and incapable of adapting to the specific needs of renewable energy projects. As a result, they can create unnecessary complexity, hinder project flexibility, and place a heavy administrative burden on your team. Compliance in the renewable energy sector demands a tool that’s not only up-to-date but also purpose-built to handle the distinct requirements of today’s dynamic energy projects.
In today’s renewable energy landscape, where federal programs such as the Inflation Reduction Act (IRA) offer valuable tax credits for projects that meet PWA standards, it’s critical to choose a platform that works in real-time and can quickly adapt to changing regulations. SkillSmart’s InSight IQ is designed with this flexibility in mind, making it easier for energy organizations to track compliance requirements accurately and manage them efficiently. Before choosing a compliance solution, consider the following essential questions to make sure you’re investing in the right technology:
Questions to Help You Choose the Right Compliance Solution
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How fast can you configure and implement new projects?
A compliance tool should quickly and easily adapt to each new project. With InSight IQ, you can configure projects in a matter of minutes, saving valuable time and allowing you to focus on core project goals rather than on complicated setup procedures. -
Can InSight IQ generate and archive U.S. DOL Form WH-347 for each vendor’s payroll?
Certified payroll reporting is a key component of prevailing wage compliance, and a comprehensive tool should make it easy. InSight IQ simplifies this process by automatically generating and securely archiving WH-347 forms, reducing errors and providing a clear audit trail that you can access at any time. -
Q: Can InSight IQ generate specific state compliance forms, like Ohio’s PW20, New Jersey’s MW562 or Oregon’s WH-38?
A: Absolutely. InSight IQ is built with a modern, flexible architecture that allows us to quickly implement a wide range of state-specific compliance forms, including PW20 in Ohio, WH38 in Portland, and many others. Thanks to our platform’s adaptability, we can add new forms at a much faster pace, ensuring your projects stay compliant with local requirements no matter where they’re located. -
How quickly can InSight IQ develop and customize reports to meet evolving requirements?
Reporting is essential for tracking project success, managing compliance, and providing transparency to stakeholders. InSight IQ’s flexible reporting capabilities mean you can generate custom reports tailored to specific metrics and project needs, ensuring you’re always equipped with up-to-date insights. -
Are training and support included, or are they extra costs?
Onboarding new projects often requires team training and ongoing support, which should be included with your platform. InSight IQ provides unlimited support and training at no additional cost, helping you onboard seamlessly without hidden fees. Our team is here to assist you every step of the way, ensuring you get the most out of the software from day one.
Older compliance platforms often have limited configurability, rigid structures, and hidden fees, making it difficult for your team to adapt the software to the specific needs of your projects. SkillSmart’s InSight IQ was purposefully designed with flexibility, ease of use, and modern technology to meet the unique demands of today’s renewable energy sector. Our platform is updated regularly, not only to improve functionality but to ensure compliance with the latest regulatory changes, so you never have to worry about outdated features or processes. InSight IQ configures to fit your needs—never the other way around—and we’re constantly monitoring compliance changes to ensure your projects stay compliant and your tax credits secure.
Moreover, InSight IQ provides full visibility into your data and empowers you with the flexibility to oversee every aspect of compliance, from payroll tracking to apprenticeship participation. Unlike older systems that may lock your data after submission, InSight IQ allows you to retain complete control and visibility into your project information across all tiers. This transparency reduces risk and enables you to confidently manage your data and track project performance without limitations.
Explore the InSight difference today by visiting https://www.skillsmart.us/skillsmart-insight/ to see firsthand how our technology works to support and streamline your projects. Remember, you have choices—choose a solution that’s built for the needs of the modern energy landscape and designed to keep pace with the future of compliance. With InSight IQ, compliance is not only simplified; it becomes a valuable asset in achieving your project’s goals and maximizing your financial incentives.