Blog: Siding Installation, Metal Roofing, Shingle Roofing in Riverdale, Midland, & Bay City MI
Insulation Value & Savings
Adding insulation is one of the most cost effective ways to stop overspending on your energy bill. According to the Energy Star program “homeowners can save an average of 15% on heating and cooling costs (or an average of 11% on total energy costs) by air sealing their homes and adding insulation in attics, floors over crawl spaces, and accessible basement rim joists.”1 Your savings potential could be even greater—especially if you are in an older home.*
Why you should take action today
Now is the time to be thinking about energy savings. Most homes are leaking energy, so adding insulation and air sealing is like plugging these leaks—and taming the skyrocketing costs that go along with them.* Since 2004, residential electricity prices across the US have risen nearly 40%2 and changes in the utility industry suggest this trend is likely to continue. As energy costs continue to grow at a much faster rate than the average income, energy will costs will demand an even greater share of your bank account in the future.
Insulation boosts your home’s value
In addition to immediate energy bill savings,* insulation also can add value to your home itself. Recent studies from Colorado and Washington, DC demonstrate that homes with green features, such as greater energy efficiency, sell for more than comparable homes without these features. Prospective homebuyers are becoming more and more aware of the long-term value of a home that keeps their energy bills down, so they’re evaluating homes with energy efficiency in mind.
Need more incentives to insulate?
It literally pays to invest in the energy efficiency of your home. There are a number of federal, state, and local utility financial incentives and rebate programs available to homeowners who invest in energy efficiency improvements like insulation.
Search for incentives for renewables and efficiency
The Database of State Incentives for Renewables & Efficiency (DSIRE) is a comprehensive source of information on federal, state and local utility incentives and policies that promote renewable energy and energy efficiency.
Find incentives you may be eligible for at www.dsireusa.org.
IRS Energy Efficiency Tax Credit for Homeowner
Homeowners are eligible for a tax credit of up to $500 or 10% of qualified energy efficiency improvements such as insulation.
Learn more about the tax credit at www.irs.gov/Credits-&-Deductions