GREENVILLE Blog

How Insulation in Greenville Provides a Great Return on Investment

Calculating Return on Investment

A return on investment, which is also commonly referred to as ROI, is used to determine how favorable the cost-to-performance ratio will be for a project. While the initial calculation may look complicated, it's a simple "plug and play" of numbers. Start by finding the Net ROI: take the final value of investment (FVI) and subtract the initial value of investment (IVI). Once you have the Net ROI, divide this by the Cost. You can then multiply this resulting number by 100% to calculate the ROI percentage. There are many areas around your home that can provide you with some form of positive return on investment, so understanding this calculation can help you and your household maximize savings and benefits in the long run. For more information on return on investments and what cost values to use in the equation, you can take a look at Investopedia’s article here.

Utility Costs

If you’re experiencing climbing utility costs and high monthly energy expenses, your first reaction most likely isn’t to spend more money. However, it’s important to understand how leaving old, damaged, and deteriorated insulation and air sealing alone can be the cause of these high costs. This is due to the fact that insufficient insulation and air sealing puts a significant amount of strain on your home’s HVAC system; higher use of your HVAC unit in turn increases your heating and cooling costs.

Insulation's primary function is to reduce the rate of heat transfer, which is the ability of heat to move through a structure. One of the first ways you may be able to tell that this material needs to be updated is if one room or side of the house is consistently a different temperature than the rest of your home. These irregular temperatures are the result of heat loss, which is why your HVAC system will need to run more often in an attempt to keep the house at a comfortable temperature.

If you start to notice uncomfortable drafts, reduced indoor air quality, and irregular temperatures, it’s time to call in the experts for an inspection. Koala Insulation of Greenville offers free evaluations so you and your household can determine a cost-effect way to begin reducing your utility costs. For more information on how updated insulation and air sealing can decrease your energy costs, take a look at our energy payback breakdown. 

System Maintenance

In addition to increased energy costs and utility bills, higher use of your HVAC system can also increase the need for more maintenance. When your unit needs to run more often, there's more strain put on the system as a whole which can lead to a higher risk of damage and an earlier replacement timeline.

Many homeowners consider higher usage fairly normal in the winter and summer, mistaking the extreme temperatures as the cause of their discomfort. However, it's important not to neglect these signs of deterioration just because of the weather outside - your insulation and air sealing should be a solid defense against the outside temperature. Suffering through discomfort or higher bills just to give your unit a break could be just as damaging to your building and household.

In fact, regularly evaluating and replacing insulation and air sealing can solve many of the pain points attributed to a subpar HVAC operation. You may already be familiar with the insulation that's installed in your attic, but did you know this isn’t the only place in your home that needs to be regularly updated? You can find material in your basement, crawl spaces, within the walls, and even under the floor. With fast and effective industry practices like thermal imaging, Koala Insulation of Greenville can find where you’re in need of retrofit material to keep your home comfortable, safe, and temperature regulated.

Energy Waste

Keeping the material throughout your home regularly up-to-date means that fewer materials are needed for maintenance, less energy is being used in the house, and you improve the climate control capabilities of the building. All of these factors contribute to a reduced carbon footprint and an energy-efficient home.

If you or a member of your household have some handyman experience, replacing insulation in easy-to-reach areas can be considered a typical DIY project. However, many inexperienced homeowners can end up making mistakes that lead to more landfill waste, misused products, and a potentially ineffective installation. By working with an experienced insulation expert, you can not only find more cost-effective and recycled materials but you and your household can learn more about how your choices impact your environment and community.

It’s important to remember that a positive return on investment isn’t just about what impacts your household and monthly bills. The ROI evaluations should also encompass other critical areas to improve your quality of life. By improving the energy efficiency of your home and using quality products from environmentally friendly companies, you’re investing in the healthy lives of yourself and those around you.

Improve Your Investments with Local Experts

While having a quality return on investment is important to many homeowners, this often overshadows other important factors of a project. It's important to also consider how these investments can improve the comfort, safety, and energy efficiency of your environment. That's why it's crucial to have a team of industry experts on your side that will find you solutions that are more than just cost-effective in both short and long-term capabilities.

At Koala Insulation of Greenville, our insulation professionals are dedicated to improving our community. We offer free evaluations so you and your household have an accurate breakdown of your home’s current condition. This provides you with an opportunity to make informed decisions on updating your insulation and air sealing with the help of your local experts to take into account your current budget and schedule. To learn more about how insulation and air sealing can impact your return on investment, contact Koala Insulation of Greenville today and schedule your free evaluation.