How to Counteract Rising Energy Prices with Insulation

Tight budget for 2023 because of rising costs all around? A big part of that is probably due to costs related to your home, electricity costs for example have surged 14.3% in 2022 - more than double of the overall inflation rate. 

With electricity being one of the most important expenses in a home, it is important to understand how prices have been changing. Only over the past 10 years (2013-2023), the average price per KWH has gone up on average 30% across the US and there’s no end in sight yet. Instead, FPL forecasts that residential customers will see 1,000-kilowatt-hour bills go from the current $120.67 to $125.39 in January and up again in February to $129.59. That’s a 7.5% increase in just 2 months. (Source: U.S. BUREAU OF LABOR STATISTICS)

How Florida residents are successfully counteracting the electricity inflation

One very effective way to lower your energy bills and combat the electricity inflation is to make your home more energy efficient - for example with insulation. Customers in South Florida usually see a 30% decrease in their electricity consumption after having insulation installed (basically balancing out the increase of the last 10 years!) which is why for many homeowners, making their home energy efficient is a top priority. 

Insulation works by providing a barrier between the interior and exterior of the home, preventing the flow of heat. In colder climates, insulation helps to keep the heat inside the home, while in warmer climates, it helps keep the heat out and support your A/C in keeping the home cool. In both cases, insulation helps to reduce the amount of energy needed to maintain a comfortable temperature.

In addition to reducing energy use, insulation can also help to reduce noise and improve air quality. By containing sound within the home, insulation can reduce the amount of noise that comes from outside. It can also help to reduce the amount of air pollutants that enter the home, improving air quality and creating a healthier indoor environment for your family.

To maximize the energy-saving benefits of insulation, it is important to choose the right type for your home. A correct installation is important to ensure the best results. Many homeowners choose to hire insulation professionals like Koala Insulation to ensure that their insulation is installed properly and that all areas are adequately covered. Koala Insulation is the highest rated insulation company in South Florida with more than 200 5* reviews - you should give us a call!