Evaluating the payback period of a given energy efficiency upgrade involves several variables. We can recommend a few energy upgrade payback calculators, but some factors are more nuanced and don’t fit into a simple calculation.
To help you look beyond a website calculator, we’ve laid out how to take a closer look at the benefits of an efficiency upgrade like insulation. It’s much more complex than plugging in numbers for a certain type of insulation material. A good decision-making process involves more than a calculator can account for.
When considering an energy efficiency upgrade, there are dozens of factors that a homeowner or other building owner must consider. Sorting it out can be complicated. Some types of renovation projects are driven by emotion and desires. If you’re a homeowner, you know this well. You have a vision for your ideal kitchen and ideal bathroom: once you know what you want, you figure how to make it happen, get the work done, then sit back, relax, and enjoy it. But you’re unlikely to have an emotional attachment to air sealing or insulation. There’s a list of gut-level positives attached to remodel projects like kitchens (great for entertaining!) and bathrooms (so relaxing!) that’s lacking in “out of sight, out of mind” needs.
When the upgrade is unseen, you’re only trying to avoid
losing money, being uncomfortable, or preventing damage
in the long run.
The more analytical side of your brain kicks in—this can be a good thing if you know what to analyze and how to do it.
It’s about determining your priorities. Consider what you’re willing to invest upfront for later energy savings along with each method and material’s pros and cons. Check out the chart below for a look at what we mean by that. If you have any questions about an option, your needs, and what option best fits your needs, Koala Insulation of Spokane is here to help!