Four Ways to Put Your Tax Refund to Work

Tax season is upon us. The filing deadline has come and gone, and some Americans have already received their refund. With an average refund of $3,000, you may be looking for some ideas on how to use that cash and make a smart investment at the same time.

Here are 4 ways you can put your tax refund to work for you:

Pay Off a Small Debt

Put your tax refund toward paying off a high-interest credit card. Start with the credit card that has the highest interest rate. Doing so will save you much more money in the long run. If you have already paid off your credit card debt, think about making an extra payment on your school loans, car payment or mortgage.

College Fund

Thinking about booking a big vacation? Consider smaller day or weekend trips for the family and invest surplus cash in a fund for future education. Look into 529 plans and Coverdell Education Accounts; these investments offer potential tax benefits as well. Saving for your children's college education now reduces the chances your kids will face heavy student loan debt down the road.

Retirement Savings

As tempting as it may be to purchase that brand new 80+ inch curved TV, consider making small adjustments in your savings plans that will reap huge benefits later. Increase contributions to your 401K plans and take advantage of the matching opportunities your employer has in place. If you already invest in a 401K, think about contributing to an IRA or Roth IRA account.

Home Improvements

Small investments to your home can increase its value tenfold. With the wide range of improvements you may be thinking about – from a new tile backsplash to a new garage door, consider investing your refund in a home standby generator. In fact, the return on installing a standby generator is even greater than adding a bathroom!* Power outages can strike at any time and standby power means immediate restoration of electricity to your home. Cummins home standby generators are safe, permanent backup solutions for your home. Connected to your home’s gas line, they automatically turn on the moment an outage strikes and run powerfully, quietly and efficiently until the outage is over. They’re simply the best choice for backing up your home and ensuring your peace of mind.

Cummins Office Building

Cummins Inc.

Cummins is a global power leader that designs, manufactures, sells and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled electrical generator sets from 2.5 to 3,500 kW, as well as related components and technology. Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 dealer locations in over 190 countries and territories.

Cogeneration Technology Headlines South American Seminar

The Living Green BUPAC (Bolivia, Uruguay, Paraguay, Argentina and Chile) Cogeneration Training brought consultants and engineers together to learn more about cogeneration's many benefits.
The Living Green BUPAC (Bolivia, Uruguay, Paraguay, Argentina and Chile) Cogeneration Training brought consultants and engineers together to learn more about cogeneration's many benefits.

The use of natural gas as a fuel source is growing in countries in South America, especially Argentina and Chile.

As operators seek out energy solutions that are efficient and sustainable, cogeneration is one that maximizes efficiency by producing electrical and thermal energy from a single fuel source. Also called combined heat and power (CHP) systems, cogeneration cuts energy consumption and operation costs.

Twenty-five sales consultants and engineers from Cummins distributors in South America convened in Buenos Aires, Argentina the end of 2018 to learn more about cogeneration’s many benefits. The training – the first for the region and following a cogeneration seminar in Mexico a few months earlier – served as a forum to discuss new solutions in energy and new technologies to bring to Latin American markets.

The Living Green BUPAC (Bolivia, Uruguay, Paraguay, Argentina and Chile) Cogeneration Training was held from Oct. 30 through Nov. 1, 2018, at Sullair Argentina, Cummins authorized distributor. Living Green BUPAC presented a broad and general vision of a cogeneration system: definition, parts and functions of the equipment, operating principles, operating conditions, market, costs, standard designs and selection tools to enable the salesforce to provide power and innovative solutions for the success of our customers.

For more information on cogeneration technology solutions, visit cummins.com.

Fabiana Menezes

Fabiana is the Corporate Communications Specialist for Cummins Power Systems Latin America. She graduated in Journalism and has pursued a career in Corporate Communications with ten years' experience at multinational companies from different sectors. She joined the company in February, 2018. 

Boron Mine Provided With Reliable Power Source from Cummins

Turkey is the world’s largest producer of boron minerals, possessing 73% of known deposits. Boron is used in the production of ceramics and glass, including fiberglass, along with agricultural and cleaning solutions among other applications.

A 2,500 kVA power system from Cummins is a reliable emergency source of power for a boron mine facility in Turkey’s northwestern region. Cummins Turkey provided a single Cummins C2500 D5A generator set with a silencer and compensator to the Eti Maden plant, located in Balıkesir. 

The Power Generation team at Cummins Turkey provided expert sales and project management to implement the right solution to meet the customer’s needs while Cummins authorized dealer AET supported in the commissioning and maintenance of the system with their certified technical representatives.

Cummins’ work in the Turkish mining industry has earned a strong reputation. Last year, Cummins Turkey installed three units of the 95-liter QSK95 Series generator sets to support operations at Çöpler Gold Mine in the northeastern part of the country, the first QSK95 installation in the country. Cummins Turkey was also selected as the standby power provider for TÜMAD’s gold and silver mine in the northwest area.

For more information about mining power solutions, visit cummins.com.

Adam Sidders Marketing Communications Leader Power Systems

Adam Sidders

Adam Sidders is the Marketing Communications Leader for the Power Systems Business Unit of Cummins Inc. Prior to joining Cummins in 2012 Adam worked in Financial Services for Europe’s largest independently owned insurer as their Marketing and Communications Manager. [email protected]

How a Home Generator Can Help Sell Your Home for Top Dollar

Image of generator set outside of home

Retractable glass walls. High ceilings. Quartzite countertops. Butler’s pantry. Spa bathroom. Smart home systems. 4-car garage. Barn, carriage house or in-law apartment. Home standby generators. All are luxury features found in high-end homes according to a recent article in The Wall Street Journal

Inventory of luxury homes currently exceeds demand. To attract more buyers at high-end price points, sellers must invest in the right upgrades with innovative features. A home standby generator can help protect those home upgrades featured in The Wall Street Journal’s list of upgrades to sell your home for top dollar in the event of a power outage, but it also offers innovative features of its own such as quiet operation and low carbon footprint. A home standby generator turns on the moment an outage strikes to maintain power to appliances, smart home devices, security systems or even your entire home. 

According to our resident real estate expert Angel Piontek, Associate Broker and Vice President of Marketing at Coldwell Banker Elite in Fredericksburg, VA, homeowners who install a home generator will recoup half of their investment within the first year of ownership, making investing in a home standby generator a no-brainer. Additionally home standby generators also allow you to be a good neighbor during an outage, save money, and protect your home and family during the cold winter months

To find out if a home generator is right for you, visit homegenerators.cummins.com

Cummins Office Building

Cummins Inc.

Cummins is a global power leader that designs, manufactures, sells and services diesel and alternative fuel engines from 2.8 to 95 liters, diesel and alternative-fueled electrical generator sets from 2.5 to 3,500 kW, as well as related components and technology. Cummins serves its customers through its network of 600 company-owned and independent distributor facilities and more than 7,200 dealer locations in over 190 countries and territories.

Cummins Power Systems Celebrates Significant Production Milestone and Reflects on Partnership with the Department of Defense

Cummins Power Systems offers innovative products that power the unique needs of our customers across the globe. Since the first contract was awarded in 2007, the Department of Defense (DoD) has been one of these customers who relies on Cummins technology to support combat operations tactical power requirements using the Advanced Medium Mobile Power Systems (AMMPS). The team behind the product recently celebrated production of the 25,000th unit built in the Fridley, Minnesota (USA) plant, a significant milestone for this critical technology. 

For the past 12 years, Cummins has been the prime contractor for the DoD and the producer of AMMPS generators. In August of 2018, a new $491 million contract was signed to continue AMMPS production through 2023. This volume necessitates two shifts on the Fridley line for the next four years. Colonel Adrian Marsh, who leads the AMMPS procurement office, PM-E2S2, and is responsible for all Tactical Electric Power within the DoD, explained, “Everything the soldiers do depends on Cummins AMMPS generators. AMMPS powers all equipment required for us to complete our mission. In addition, Cummins generators provide electrical power so our soldiers can call home and speak with their families, watch television to stay connected with home, and stay cool with air-conditioned facilities.”   

Colonel Marsh journeyed to Fridley to help celebrate the significant 25,000th production milestone, and was joined by over 100 plant and office employees who have been integral in the production of AMMPS. The celebration was an opportunity to reflect on the current and past partnership between Cummins and the United States Army. Gino Butera, Vice-President of Cummins Power Systems, reflected on the strength of this relationship, stating, “Cummins and the U.S. Army have been partners for over 75 years. Cummins supplied the Allied Forces during WWII with over 70,000 generator sets. Cummins also produced the first Military Standard Generator for the U.S. Army and partnered with the Army on the second generation Tactical Quiet Generators (TQGs) and today the third generation of standard generator sets, AMMPS.” 

Darren Wildman, America’s Operations Leader for Power Systems summed up the sentiment shared by all who work on this program by stating, “It’s been an honor to be of service to those who serve us unselfishly every day.”

Congratulations, and thank you to all employees who have contributed to this milestone. 

Colonel Adrian Marsh of the Department of Defense engages with Cummins employees who have worked on the AMMPS units.
Colonel Adrian Marsh of the Department of Defense engages with Cummins employees who have worked on the AMMPS units.
Cummins employees celebrate the 25,000th AMMPS unit produced in the Fridley, Minnesota plant.
Cummins employees celebrate the 25,000th AMMPS unit produced in the Fridley, Minnesota plant.

 

Doreen Swanson Photo

Doreen Swanson, P.M.P.

Doreen is a veteran Program Manager and Account Lead who has successfully led the internal cross functional team through the development and testing of the Advanced Medium Mobile Power Sources (AMMPS) 5kW – 60kW generator sets. Doreen has over 25 years of experience in engineering, program management and account management, 21 of which have been with Cummins Inc.

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