Homeowners can expect to have energy costs continue to rise. One way to control increasing energy costs is to use spray foam insulation. George Breiwa of ZipCoat, LLC says, “Of all of the home improvement products that will increase energy efficiency, closed cell spray foam insulation is the most cost effective option for homeowners, whether they are building a new home or updating an existing home.”
Spray foam insulation is a super investment since it can pay for itself through the energy savings it provides. For example, it may cost you an additional $1,5000 to upgrade to spray home insulation. However, this investment will pay for itself in about 3 years. If you have a new home, calculate about one percent of the cost of your home.
Tax Credits: No Time Like The Present
According to Energy Star, a home improvement tax credit is currently available. The tax credit amount is 10% of the cost (excluding installation) up to $500. According to Breiwa, spray foam insulation has the greatest impact on energy usage for the following applications:
- Exterior walls, where there is limited space to insulate
- Crawl spaces, where traditional insulation sags and mice nest
- Box sills, where the wood meets the concrete and where the insects and rodents enter your home
- Cathedral ceilings
- Foundation / basement walls
Spray foam insulation provides one of the best return on a homeowner’s investment. It allows homeowners who have older homes update and upgrade their insulation and frequently meets or surpasses present building code requirements relative to energy efficiency. And there is no question that spray foam insulation reduces energy costs in new home construction.