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Invest in Insulation with The Green Cocoon

Invest in Insulation

Insulation Tips

One question we always get asked here at The Green Cocoon is, “What is the R.O.I. (return on investment) on insulation?” Consumers want to know if the upfront cost is worth it and more importantly, how long it takes to see the payback. Let’s break this down and find out!

Energy Costs Analyzed

Energy costs vary per state, and since we are located in Massachusetts, we will use that state. The average winter heating bill for oil (most popular) is about $2,343 per year (based on a 1,903 sq. ft. home)[i]. The average yearly electric bill is around $3,516[ii], and much higher in the summer months due to the use of air conditioners.  That comes to a moderate total of $5,859 annually.

The Green Cocoon - Spray Foam Insulation NH

Some of our customers have seen reductions in their heating and cooling bills of up to 75 percent, but for the sake of this example, let’s just say that by insulating your home you save 40 percent. That is a savings of $2,331 per year! If the average insulation job for a medium-sized home is around $8,000 (give or take a few thousand depending on size and material), it would take just under five years to get the return on your investment. After that, you are pocketing an extra $2,331 per year. Think of all of the things you could do with that money! What does that money equal?

What You Can Do With Savings

Here’s what you can do with $2,331:

  1. You can buy almost three months’ worth of groceries for a family of four. This is based on a Massachusetts’ family spending an average of $10,235 per year or $853 per month[iii].
  2. You and your significant other could take a one-week cruise to the southern Caribbean from Boston.
  3. Fill the gas tank in your car for almost one year (depending on car size and miles travelled).
  4. Invest it every year and after 30 years you would have almost $140,000 (based on a 4% return)!

As you can see, insulation is well worth the investment. The question isn’t, “Can I afford it?” The question is, “How can you not?”

If you don’t have the money upfront for insulation, there’s no need to wait to start saving. Ask us about our interest-free financing options.

[i] Commonwealth of Massachusetts (2019). Household Heating Costs. Retrieved from mass.gov.

[ii] Electricity Local (2019). Residential Electricity Rates & Consumption in Massachusetts. Retrieved from electricitylocal.com.

[iii] 24/7 Wall St. (2022). Cost of Living in Massachusetts. Retrieved from 247wallst.com.

Money, Photo by Alexander Mils on Unsplash

Tax and Rebate Incentives

Financing

Do you live in Southern Maine and are looking to upgrade your existing insulation? If so, Efficiency Maine is currently offering rebates and incentives for energy improvements. This includes air sealing and insulation through the Home Energy Savings Program. The program can give you tax and rebate incentives, which offers up to $5,500 in rebates!

Inadequate Insulation

Efficiency Maine data indicates that the majority of Maine homes have inadequate insulation. Furthermore, insulating to recommended levels in Maine attics, basements, and walls can cut heating costs by 40 percent or more.

Qualified Insulation Partner in Maine

The Green Cocoon is proud to be a Qualified Insulation Partner with Efficiency Maine.  Go to their website today to find out if you qualify for the program.

green-cocoon-insulation-nh

5 Easy Ways to Increase Energy Efficiency and Save Money

Energy Efficiency Tips, Save Money

With winter approaching, The Green Cocoon has five easy ways for homeowners to increase energy efficiency and save money, besides using our fabulous spray foam insulation! As the weather gets cooler, your furnace will start to come on and that means you’ll be using more energy. Consequently, your heating bills will increase. Try these five easy DIY (do-it-yourself) projects to help cut down on energy loss and expenses.

Replace worn weather stripping around doors and windows

Did you know that worn weather stripping can create drafts and let cold air in? This puts a high demand on your furnace and takes away your comfort. Replacing it takes little time and is a low-cost, high-impact solution.

Caulk around windows to increase energy efficiency

Cracks and crevices are a source of heat loss. They can also be an entryway for water/moisture, as well as for undesired insects. Preventative maintenance, such as caulking, can improve energy efficiency and prevent costly repairs.

Change your furnace filter

A dirty furnace filter means less efficiency and that costs money! Check your furnace filter monthly and if it’s dirty, change it or have it changed. Moreover, have a technician come in and inspect the entire furnace at least once per year.

Update light bulbs to LEDs to save money

LED is a highly energy-efficient lighting technology, and has the potential to fundamentally change the future of lighting in the United States. Residential LEDs—especially ENERGY STAR rated products—use at least 75 percent less energy, and last 25 times longer than incandescent lighting.1

An automatic thermostat increases energy efficiency and saves money

You can save money and increase energy efficiency on your heating and cooling bills by simply resetting your thermostat when you are asleep or away from home. You can do this automatically, without sacrificing comfort, by installing an automatic setback or programmable thermostat.

Contact us if you have questions on how you can save even more money on your heating bills.

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1 Department of Energy (2019). LED Lighting. Retrieved from energy.gov.

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