Alternative Energy for the Win

Many aspects of the federal energy tax credit program have already been curtailed, with credits from most common upgrades having expired at the end of 2013 (but it’s not too late to claim the money if you haven’t already — see below). However, there are some credits still active for alternative energy installations. You are eligible for a kickback of up to 30 percent of purchase and installation price come tax time if you made any of the following additions to your existing home or new construction in 2014:

And it’s not just the purchase price of the equipment -- your credit can cover the labor to set up and install your new efficiency devices as well. Qualifying homes must be located in the United States. Heat pumps, wind turbines and solar all are valid for your principle or secondary residence, with no limit on the dollar amount. Fuel cells have more restrictions — they qualify for primary residences only, and have an upper limit of $500 per .5KW of power capacity. Renters are not eligible for the tax credits.

If you didn’t act this year, you have until December 31, 2016 to purchase and install your new equipment and still qualify for the credit.

It’s Not Too Late

And there’s more good news. The NonBusiness Energy Property Credit is still available on the taxes you fill out this year — provided you made the improvements in 2013 or earlier. If you made qualifying upgrades to your HVAC equipment, insulation, roof, water heater, windows, doors or biomass stove, you can claim up to $500 in credits on up to 10 percent of the costs. These credits are limited to upgrades made on existing homes, and each specific installation has a cap:

Installation costs cannot be included for doors, skylights, windows, insulation or roofing. Also note that the $500 limit is over the lifetime of the Property Credit, so if you already claimed $300 in past years, you can only get a maximum of $200 on this year’s tax return, even if you spent much more than that.

How to Claim Your Credits

To claim your credits, fill out Form 5695 with the appropriate information about your expenditures and include it with your other tax paperwork. Don’t forget to hold on to all your receipts and manufacturer’s certification statements so you can back up your claim if the IRS comes knocking on your door.

It’s a win-win situation — you get your tax credit, you can reduce or even eliminate monthly fuel costs, and you can sleep easy knowing that you are doing your part to help the environment by decreasing the nation’s reliance on fossil fuels. If you are considering a major alternative energy installation on your property, contact an expert today to advise you on what your options are and how to get started.

If you were gifted electronics for Christmas, it’s time to ensure their protection! The last thing you want is for your new computer, tablet, HD television, or gaming system to take on destructive surges, rendering it useless. Spare yourself the heartache of losing an expensive electronic gadget by using surge protectors.

Anything that has a plug is susceptible to surges. In fact, surges happen all the time, you just don’t know it. Not every surge has the capacity to fry your electronics and appliances right then, however, even small surges can shorten their lifespans.

Simply put, an electrical surge is a brief spike in the current, lasting less than a thousandth of a second. But don’t let its fleeting personality fool you, as a surge can be detrimental.

There are numerous reasons as to why you’re experiencing electrical surges. Large appliances such as a refrigerator, air conditioner, or even a space heater, when turned on, can cause a surge capable of damaging your electronics.

Many older homes have old wiring systems and obsolete switchboards and fuse boxes. These have very poor functioning and are unable to provide proper supply to the type of devices that are used in the home today. Over the last few decades there has been significant advancement in circuit breaker technology and many people are now proactively getting these old ceramic fuse boxes replaced with current-day circuit breakers.

However, as mentioned earlier, there are some older homes that still have these re-wireable fuses. This is largely because people aren’t aware of the dangers these fuse installations pose. Those who have heard it’s important to upgrade to circuit breakers feel that it’s just something people do because their electrical contractors tell them they should.

The rationalisation they have for it is that when they haven’t faced any issues with it for so many decades, there must be nothing wrong with it. They feel it’s just a way in which electrical companies make some money by telling their clients this and getting them to upgrade to newer systems. They couldn’t be further from the truth. Here is a list of all the dangers associated with re-wireable fuses:

Most people, electricians or otherwise, tend to use regular copper wires to replace the melted fuse wire. They aren’t really aware that a fuse wire is different from a common copper wire and that the latter isn’t designed to take the load of the circuit. In many ways, this inappropriate replacement in itself is a problem. And when the fuse blows again, they simply take another wire and replace the older one.

What they fail to realise is that fuse wires generally have very low melting points. Contrastingly, normal copper wires have a very high melting point. In addition, it’s not possible to standardise the current carrying capacity of these wires as that depends on how they have been positioned inside the base and the fuse carrier.

As you can see, re-wireable fuses are a distinct danger and this is something that shouldn’t be taken lightly. It’s best not to wait till a catastrophe occurs. Simply call Allround Electrical for an evaluation of the electrical installations and the old fuse box in your home. We will provide objective advice and a reasonable quote for replacing the re-wireable fuses in your home. The number to call is 1300 169 263. You can also drop us a line via email or use this online contact form.

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