How Much Does Spray Foam Insulation Cost?
How much will I really have to pay a Baltimore, Maryland, area insulation contractor to install spray foam insulation? Well! That’s a legitimate question that deserves an honest answer. However, spray foam insulation cost in the Baltimore, Maryland area is based on several variables:
- Cost of labor
- Room temperature
- Geographic location and climate
- Building code requirements
- The amount of spray foam used
- The dimensions of the area where spray foam insulation will be applied
Some Baltimore, Maryland homeowners believe that spray foam insulation is too expensive. Therefore, they prefer to use fiberglass insulation. Well! They’re really doing more harm than good. When it comes to insulation, there is a belief that spray foam insulation is too expensive. Did you, that according to Homeadvisor.com that the average national cost of a fiberglass insulation job is approximately $1,550? In fact, the national average cost for a typical spray foam insulation job ranges between $4,500 and $5,000. Wow! That’s a big difference in price. Well is it really? You may be surprised to learn that the price gap between spray foam insulation and fiberglass insulation is getting smaller. How so, you ask? Here’s how.
What Type of Spray Foam Insulation Cost Savings Should Homeowners Expect?
While the initial upfront cost may seem higher than most traditional types of insulation there are cost-saving opportunities that make spray foam insulation more affordable than ever. Homeowners, you can expect that their energy bills will cost them less than half of what they were initially paying before within the first 60 to 90 days after their spray foam insulation job is complete. Also, most homeowners can expect to recoup their initial upfront costs typically within a three- to four-year period. However, this depends on where you live. Additional factors also include the size of your home and the type of work that was involved.
What is the ROI for an Entire Home Insulated with Spray Foam Insulation?
The return on your spray foam insulation investment varies between each type of home and how it was originally built. For example, a 4,200-square-foot home in Washington, D.C. may use less than 30% of its heating and cooling systems over a 12-month period. Let’s just say for the fun of it that their estimated annual ROI is also $850. Now compare that to a 3,600-square-foot home located in Baltimore, Maryland that may have generated the same results. However, the homeowners only received a $300 ROI.
Wow! That seems pretty unfair. Just remember, there are several factors that influence the ROI, but the overall return on investment is a reliable indicator that spray foam insulation is worth the initial investment. Yes, the cost of spray foam insulation varies on a case by case basis. However, homeowners should realize that together with potential cost offsets during installation, the cost of spray foam insulation is not as costly as they once thought.
What Sort of Financial Benefits Does Spray Foam Insulation Offer?
Making continuous energy selections when remodeling or building a home is an excellent way to recover some of the upfront costs that are associated with the initial investment. For example, the Department of Energy offers insulation tax rebates, incentives, and credits to homeowners. You may also want to make sure that your home has the correct sized HVAC equipment for your home eliminating the need for specific vents. By taking advantage of these cost savings opportunities the price gap between spray foam insulation and traditional fiberglass insulation all of the sudden doesn’t seem like all that much.
It’s not uncommon for homeowners to recoup a majority of their money within three- to four years after paying for spray foam insulation. In fact, spray foam insulation is also a safer alternative form of insulation when compared to other traditional types of insulation such as fiberglass and cellulose insulation. Finally, spray foam insulation also offers a more desirable living environment for you and your family.
