Last Updated on February 14, 2025 by Janell
Insulation can help to trap heat in your home longer so that you’re not having to reach for the thermostat as often – helping you to save money on your energy bills. However, the cost of installing insulation can often be high. Is the cost of installation worth the energy savings?
It depends on several different factors, but in many cases, it can make a positive difference. Below are some of the instances when you can save money and some of the instances where it may not be worth the cost.
When insulation is worthwhile…
You live in an older home
Older homes are generally quite poorly insulated. They often have little to no roof insulation and can lose a lot of heat through their walls. The windows of an older property are often particularly bad at retaining heat. Look for window installation companies near you and consider upgrading to double glazed windows with modern frames.
You live somewhere that gets cold winters
Homes in cold regions typically rely on central heating more and can lose heat more quickly. Insulation upgrades are likely to have a more significant effect on your energy usage and energy bills as a result – allowing you to make back the cost of installation faster.
You have high energy bills
There are so many things that can affect energy bill rates including where you live, the provider you choose and how big your home is. Heating often makes up a big percentage of people’s energy consumption. If your energy bills are considered higher than average, you could notice more of an impact from installing insulation.
You’re carrying out other renovations
If you’re already renovating a kitchen or a bathroom, it may make sense to also look into insulation. You may be able to get a better deal on window replacement or cavity wall insulation if it’s part of a larger remodelling project. It also makes sense to do it while other parts of the room are being torn up and replaced.
When insulation isn’t worthwhile…
Your home is relatively new
New builds are often already pretty well insulated. Any modifications you make to them may only result in minor energy bill savings – making it not worth spending money on.
You live somewhere that’s hot throughout most of the year
There’s no point in insulating a home if you rarely ever experience cold temperatures. You’re unlikely to use your heating very often and therefore there are few times where preventing heat loss is likely to be important. On top of this, insulation could make your home warmer on a hot day – resulting in more energy consumed to cool down your home.
You have air leaks in your home that need to be addressed
Insulation is not going to have much impact if there are cracks, gaps and holes in your property that are letting out heat. Before investing in attic insulation or cavity wall insulation, make sure to seal up cracks around windows or gaps under external doors.
You’re planning to sell your home, and there are bigger priorities
Insulating a home can boost its value. However, if you’re selling your home and looking for ways to boost your value with a high ROI, there could be other improvements to consider first. If your budget is limited, focus on fixing damage to your property or making visibly noticeable improvements. Of course, you may be able to integrate insulation into these improvements, but this may not always be the case.