In order to maintain pleasant temperatures and save on energy costs, insulation is a crucial component in both homes and buildings. Because of the perceived high expense of insulation, many homeowners are frequently reluctant to make the investment. The question remains : how long does insulation take to pay for itself?
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According to the US Department of Energy, effectively insulating a home can save homeowners an average of 15% on heating and cooling costs. Depending on the type of insulation used and the size of the property, this means that the cost of insulation can be recovered in a few years. Fiberglass insulation, for instance, can cost roughly $1,500 to insulate an attic, but it can reduce consumers’ energy bills up to $600 annually. As a result, the insulation pays for itself in only 2.5 years.
The caliber of insulation should also be taken into account. Although it may cost more up front, higher quality insulation can result in larger long-term savings. Spray foam insulation, for example, costs more than fiberglass insulation but can save up to 50% more energy.
Insulation can also give benefits other than energy savings, such as enhanced indoor air quality and noise reduction. Although they might not directly translate into dollars, these advantages can increase residents’ well-being and general comfort.
It’s reasonable to say that insulation can pay for itself within a few years, though the payback period can vary based on a number of factors. When calculating the payback period, homeowners should take into account the size and age of the property, the climate, the type and quality of insulation, and the environment. Investing in insulation can yield significant energy savings and other benefits, making it a valuable long-term investment.
Curious about insulation installation for your home or place of work? Give us a call (833) 244-7283 to have one of our professionals inspect your attic. Have any inquiries for your Rockford area home or business? You can also email info@comfort1stinsulation.com or fill out our contact form to get a hold of the experts at Comfort 1st Insulation.
SOURCES
“Insulation.” Energy.Gov, www.energy.gov/energysaver/weatherize/insulation. Accessed 26 June 2023.
“Heat & Cool Efficiently.” ENERGY STAR, www.energystar.gov/saveathome/heating_cooling. Accessed 26 June 2023.
“Heat & Cool Efficiently.” ENERGY STAR, www.energystar.gov/saveathome/heating_cooling. Accessed 26 June 2023.
