Lower the temperature

Don’t ignore this simple but effective way to minimize your costs. In fact, you will save roughly 10 percent a year on your energy bills if you lower your thermostat by 10 to 15 degrees for eight hours, according to the U.S. Department of Energy. Turning down the heat and throwing an extra blanket on the bed at night can add up to real savings. A programmable thermostat, which automatically lowers the temperature at night and raises it again in the morning makes this easy, or you can adjust the temperature manually each day if you prefer.

According to the U.S. government’s Energy Star program, a properly programmed thermostat can save you up to $180 a year.

If your schedule changes and you won’t be home when you expected, a new type of programmable thermostat allows you to adjust your thermostat using the Internet, dialing back the temperature until you arrive. Also, check out thermostats that enable you to adjust the temperature in certain zones so you don’t have to heat unoccupied rooms.

Perform maintenance updates

Heating systems that are performing at peak efficiency usually require less energy. That’s why the Energy Department recommends properly maintaining and cleaning your boiler and furnace before the winter begins to be sure they’re in good shape. Don’t forget to check your furnace air filter each month, and replace it at least every three months. This can enhance the furnace’s productivity and extend the life of the equipment.

Insulate, insulate, insulate

The Energy Star program estimates that properly installed sealing and insulation can save homeowners up to 20 percent on heating and cooling costs, which can knock off 10 percent from your total annual energy cost. If your attic is not already insulated, that’s a great place to start.

But don’t stop there. Air leaks in windows and doorframes will also drain heat from your home—and energy dollars from your wallet. Doors and windows aren’t the only places where leaks can occur. Also check dryer vents, outdoor faucets, crawl spaces, recessed lights, electrical outlets, and elsewhere to see if they are allowing heat to escape. You may be surprised by what you find.

Bring your boiler on board

The Energy Department recommends that you set your water heater temperature at 120 degrees. That’s the most efficient setting for most homes, and it also prevents scalding hazards. Keep in mind that every 10 degree drop in water temperature translates into a three to 5 percent decline in energy costs. Also, be sure to wrap your boiler in an insulation jacket to maximize efficiency.

Act fast fora tax credit

If you can, take advantage of a federal tax credit for those who purchase qualifying energy-efficient products or renewable energy systems for their homes. If you spent up to $5,000 in 2009 and 2010 for energy efficiency improvements to your principal residence, you may be eligible for a one-time credit of 30 percent—or up to $1,500.

Turn to your CPA

If you want to learn more about this credit, and whether any of your energy efficiency choices during the last two years qualify, be sure to consult your local CPA. He or she can help answer all your financial questions. Visit www.IneedaCPA.org for more information.

The CommonWealth Tips columns are a joint effort of the AICPA and the Pennsylvania Institute of Certified Public Accountants, as part of the profession’s nationwide 360 Degrees of Financial Literacy program.

How has 10 years gone by so fast?

Yes, I am celebrating my 10th anniversary with the New Pittsburgh Courier. My first story was due the first week of February, 2001. I don’t think I even had a computer back then. The decade has been wonderful. I’ve attended some of the best events Pittsburgh has to offer, balls, teas, luncheons, boat rides and picnics.

It is hard to remember any bad days or bad times. It is such an honor to work for such a historic publication. When I think back to what has changed over these 10 years it is hard to believe some of the changes.

Coro Center for Civic Leadership of Pittsburgh held their 4th annual awards dinner at the Heinz Field East Lounge banquet hall honoring Rev. Dr. Martin Luther King Jr. Day. Many of the of the city’s prominent political and business figures paid tribute to the late civil rights leader.

THE WINNERS—Sala Udin, president and CEO of Coro stands with MLK winners from left: Janera Solomon, Kelly Strayhorn Theater; Alma Speed Fox, Freedom Unlimited; Pam Cohen and Gail Klingensmith, P&G Pam’s Diner; Jon Delano, KDKA- TV; and David Hickton, U.S. Attorney of Western Pa. (Photos by Rossano P. Stewart)

The ceremony, hosted by Coro President and CEO Sala Udin, gave honor to those who contributed to Pittsburgh’s diversity and leadership in business and culture. KDKA-TV anchor man Jon Delano served as the evening’s master of ceremonies. During the event, Udin jokingly mentioned being out of uniform for the night’s event, then swiftly donned his Hines Ward 86 jersey to a rousing ovation.

The annual card party hosted by the Delta Sigma Theta Sorority Inc. Pittsburgh Alumnae Chapter is a great winter break. On Jan. 22, more than 300 ladies and two gents joined the Deltas at the Rivers Club for a great afternoon of dining, cards and bingo.

LET’S PLAY CARDS—Diana Jaden and Maxine Mosley, seated. Claudette Richardson, Sandra K. Lewis, Marsha Thomas, Renee White Carter and Carolyn Peterson. (Photos by Debbie Norrell)

A Red Carpet Event was the theme for the day. Photographer, Ahmad Sandidge of Sandidge Photography was on hand to take pictures of friends, mother and daughter teams and soul sisters.

The backdrop for the photos had a Hollywood theme, complete with red carpet and giant Oscars. The pictures were ready to take home that same day.