Investing in insulation from KC Spray Foam will pay off for years to come. In fact, you might be surprised at just how much it will pay back. To give you an idea of how an investment in spray on insulation may return, let’s run some numbers together via our Savings Calculator to determine the real spray foam cost.
First, we need to enter the Annual Cost for Energy with Fiberglass Insulation. This should be an easy answer, but the fact is most people have no idea what they spend on energy cost for a new home. While many people could tell you what it cost to fill their car with gas yesterday, there’s a good chance they couldn’t tell you their last heating bill cost. For this example, let’s use an average from a budgeting article on Mint.com, and figure $264/month or $3,168/year.
Now, we need to enter the Annual Energy Cost Increase. This input indicates how much energy cost will rise on average every year. For the sake of this example, let’s use this Kansas figure of 19.4% since 2009. This translates to an average of 3.88% per year over five years, which actually seems pretty low. Wouldn’t you like to have had in increase in your paycheck of 3.88% over the past five years?
Onto the sprayed insulation specifics: how much energy can you save with spray foam? These numbers can vary greatly and many different factors – like whether or not we are foaming the entire home, how much the HVAC system is used, and how high or low the temperature is set – impact this. With that in mind, most people in the industry will tell you to expect a 30% to 50% savings with sprayed insulation. We can tell you we have seen much greater numbers, but for this KC Spray Foam insulation example, let’s use 40%.
Again, the Additional First Cost of Spray Foam can vary based on the specifics of the application, so let’s use a figure on the high side to demonstrate why spray foam insulation is such a great value. We’ll enter $5,000. This is an estimate of what it would cost extra in initial cost over installing fiberglass insulation.
Go with the default setting Mortgage Interest Rate of 8% and Years to Calculate at 30. Ready to see the results? When you hit “Calculate” you should get a 1st Year Energy Savings of $1,267. Not too bad!
A Closer Look at Spray Foam Insulation Savings
Now, let’s think about what it cost to make the foam insulation upgrade. It cost approximately $200 over the year, or less than $17/month added to the cost of your mortgage. So, for less than $17/month – or the price of a meal out or a movie ticket and popcorn – you could enjoy the benefits and comfort of spray foam insulation in your home!
That’s not all. Take a closer look at the energy cost savings! That savings of $1,067/year comes out to about an $89-savings each month. When you compare the cost and related savings, you’ll realize a $72 net gain in this example. That’s a 423% return in just one month!
When you factor this out over the course of a 30-year mortgage, that $5,000 investment in sprayed insulation could pay you back almost $60,000!
Of course, anyone can skew numbers in most any direction. Yet, the fact remains: spray foam doesn’t cost money over time; it saves money over time. This really makes it a lower cost product when making your insulation selection. Then, there are other tangible benefits to consider as well. KC Spray Foam insulation will keep your home warm and comfortable during the winter and cool and dry during the summer!
If you’re in the process of building a new home, let us show you how important it is to build a home with quality products that will last, make your home more energy efficient and, most importantly, comfortable! Call now to see what your return might look like!