Fiberglass insulation, professionally installed, is one of the most environmentally friendly, not to mention…valuable, things a homeowner can do for both their home and their wallet. This project offers many advantages: reduced heating and cooling costs, monetary savings, tax credits, and increased property values. Each of which we discuss in further detail below.
Increased Property Values
Remodeling magazine’s Cost vs. Value report for 2016, now in its fourteenth year, compares the cost of 30 popular remodeling projects in 100 metro markets with the value those projects retain at resale. New to the Cost vs. Value report, fiberglass attic insulation projects produced the biggest return on investment, with a midrange project netting you a whopping 116.9 percent.
Reduced Energy Costs
Fiberglass slows the spread of heat, cold, and sound. By trapping pockets of air, it keeps rooms warm in the winter and cool in the summer, thereby reducing a home’s energy consumption by up to 40 percent. 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 and R19 and R30 to R38.
Federal Tax Credits
Planning on staying for an indefinite amount of time? A federal tax credit can help you recoup a percentage of your fiberglass insulation investment if you complete the improvements by the close of 2016. A tax credit is 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 but professional installation is required in order to be approved for the credit.
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.