At Integrity Pro Roofing, we have insulated thousands of homes across Denver, and in doing so have helped many of those homeowners reduce their monthly energy bills by more than half. These savings are more in line with homeowners who insulate the whole house, but just how much can new isolation save you?
How Much Money Can You Save With Insulation?
The EPA states that insulation can lead to savings of up to 20 percent on your cooling and heating and 11 percent on your total energy costs. Some estimations, although not by the EPA, are even higher at around 20 percent. Without insulation, all the money you pay to treat the air in your home is going up and out of the roof. Adding insulation is the most cost-effective way to save on your energy bill as it pays for itself within five years.
Let’s take a look now at some of the factors that can impact your savings with insulation.
Saving Energy And Money With New Insulation
The saying goes that time is money, but we’d say that energy is money. When you have to run your air conditioner longer because the rooms in your home are trapping heat, or when you have to blast your heater to combat the air leaks in your attic, the energy usage adds up. You’ll notice higher utility bills month after month.
Most folks can save about $200 in savings per year by adding insulation in attics, crawl spaces, and basement rim joists. In colder parts of the country, like Denver, savings increases up to 20%. With the average cost of most insulation types hovering around $0.20 to $0.50 per square foot, you can do the math to understand the savings you’d see over time after upgrading your home’s insulation.
A well-insulated home often commands a higher market value. Recent studies estimate that there’s generally at least a break-even return on investment regarding your home’s value after installing fiberglass insulation in the attic. Additionally, you may be eligible for tax incentives to help finance the upgrade; though these are subject to change, so it’s best to speak with a qualified tax preparer to understand current regulations.
Benefits of Home Insulation
- Preserves Your HVAC Units. Having to replace your heater or air conditioner sooner than 10 years old puts an unnecessary strain on your wallet. When your home is well insulated, it has fewer air leaks that let in outside air. In the winter, this means the frigid air stays outside and your heater doesn’t have to work harder to keep your home toasty.
- Reduces Outside Noise. Insulation is excellent at preserving your home’s temperature, but it also prevents outside noise from easily getting into your homes, such as the sounds of passing cars on your street or the barking of your neighbor’s annoying dog.
- Home Value. Even if you never turn around and sell it, your home will be as valuable as possible, which means it’s high-quality and thus nice to live in. Studies increasingly show that energy-efficient homes can go for a higher price because more people are understanding the long-term benefits, such as money savings and comfort.
Insulation can save you hundreds of dollars in energy month after month, adding up to thousands of dollars per year, and all the while you’re increasing your home’s curb appeal!
If you’re looking for more insulation information, contact the experts at Integrity Pro Roofing in Denver. We’re more than happy to help you make the most of insulation today!