Having fiberglass insulation professionally installed is one of most environmentally friendly, not to mention…valuable, things a homeowner can do. This project offers many benefits, such as, the reduction of heating and cooling costs by approximately 30 percent with proper insulation. And, with the reduction of heating/cooling costs, comes monetary savings for you.
According to Remodeling magazine’s Cost vs. Value report for 2016, the fiberglass attic insulation project (new for this year) produced the top return on cost of any of the 30 projects in this year’s report. If you insulated your attic with fiberglass insulation, which costs an average of $1,268, you can expect to receive 116.9 percent or $1,482 of that back at resale.
The most common type of insulation, fiberglass is composed of glass, which is used in a wide variety of applications. As an insulator, fiberglass slows the spread of heat, cold, and sound in homes. By trapping pockets of air, it keep rooms warm in the winter and cool in the summer, thereby reducing a home’s energy consumption by up to 40%.
Fiberglass can be installed in various parts of a home’s envelope. It can be pink, yellow, white or green, depending on the manufacturer. Commonly found in blanket form, called batts, it is available in bags containing standard pre-cut lengths and widths. It is also available in loose fill, which is professionally blown into attics, walls and floor cavities.
Fiberglass insulation is available in a wide variety of thickness. Thicker materials offer a higher resistance to heat flow. This resistance is known as an R-value. Common R-values associated with fiberglass are R11 to R19 for flooring, and R30 to R38 for ceilings and attics. The higher the R-value, the more energy efficient the material will be.
Federal Tax Credits
Planning on staying in your home? A federal energy tax credit can help you recoup a percentage of your insulation investment if you complete the improvements by the end of 2016. A tax credit is actually a dollar-for-dollar reduction in taxes equal to 10 percent of the cost of insulation (up to $500). Tax credits do not include installation costs. Click here for more information.