Spray foam insulation is indeed an investment, an investment that will pay dividends within three years following installation. Homeowners can expect to see a return on investment of 41% in the first year alone, with energy savings of close to $2,000 annually.
Return in the first year
Return by second year
Estimated Annual Savings
*House built in 2002 in Manotick, Ontario
Walls on 1st, 2nd floor | Fiberglass batt R20
Ceiling | Blown fiberglass R40
Basement walls | Fiberglass batt R12
Garage Ceiling | Fiberglass batt R28
Total
Walls on 1st, 2nd floor | Sprayed closed cell R20
Ceiling | Blown fiberglass R40
Basement walls | Sprayed closed cell foam R12
Garage Ceiling | Sprayed closed cell foam R28
Total
Theses numbers were taken from the same house in Manotick, Ontario. In 2008, energy costs were calculated based on the basic insulation package that was installed at that point. Two years later the house was fitted with Spray Foam Insulation from EcoTech, and the energy costs were calculated. Below the energy costs of both years are compared. Note that in 2010, energy costs were also slightly higher than in 2008, and yet there was a 41% savings on energy in the first year with Spray Foam.
Natural Gas
Hydro
Total
Natural Gas
Hydro
Total
House with basic insulation package: $4,340
House with efficient Spray Foam from EcoTech: $9,150
Additional Cost for Spray Foam: $4,810
$4,054 – $2,060 = $1,994
By investing in the efficient spray foam insulation package from EcoTech Insulation, homeowners would guarantee a return on their investment in less than 3 years!!
*Return on investment based on 2010 energy costs. As costs increase, so will your return on investments.
