
The US Department of Energy claims that 49% of an average home’s energy bill goes toward cooling and heating expenses. This is why you will always notice a spike in the bill during extreme summer and winter months, especially if your home is not insulated.
Not only is an insulated home better for your bank account, but it is also great for the environment as it makes your home energy-efficient. Insulation helps keep the inside warmth from being transferred outside in the winter and vice versa in the summer, thus keeping your home at just the right temperature.
How Insulation Helps Cut Down on Costs
Even though the expense of installing insulation can discourage homeowners, this expenditure pays off in the long-run. If you are looking to make an investment, insulation is the best form. Not only will an insulated home ensure maximum comfort regardless of the season, but it will also cut down on noise, making it quieter inside your home.
According to the EPA, insulation can help cut down on 11% of energy bills each month. This amounts to $200 in savings each year. In colder climates, savings can increase by 20%.
Moreover, a well-insulated home ensures a higher market value. Studies show that installing fiberglass insulation in the attic can result in at least a break-even return on your home’s investment. You can also take advantage of tax incentives if you need help financing the upgrade. Take advantage of the extended tax credits for residential energy efficiency till December 2021!
Best Places to Insulate
Before you decide to insulate your home, conduct an energy audit. For older homes, insulating the attic first is a good idea.
The idea is to insulate the area between and on top of the floor joists. Moreover, you must also insulate exterior walls, unheated spaces, and the walls in the home. This includes the attached garage and crawl spaces. Sealing drafts around door frames and window sills also help save energy and lower bills.
What are you waiting for? Get your home insulated as soon as possible!