Can I Save Money With a Radiant Barrier?
In general, the use of a radiant barrier can lead to energy cost savings in both heating and cooling seasons. In the summer, a radiant barrier helps reduce the amount of heat transferred into a building, which will reduce the amount of energy needed for air conditioning. Likewise, in the winter, a radiant barrier helps reduce heat loss through the building envelope, which will reduce the amount of energy needed for heating.
Energy Cost Savings Associated With Using a Radiant Barrier:
- Lower energy bills: By reducing heat transfer through the building envelope, radiant barriers can help to reduce the amount of energy needed to heat and cool a building. This can lead to lower energy bills and a more cost-effective way to maintain a comfortable living environment.
- Reduced HVAC costs: Radiant barriers can help to reduce the workload on a building’s heating, ventilation, and air conditioning (HVAC) system. This can help to extend the life of the system and reduce the need for costly repairs or replacements.
- Increased home value: A more energy-efficient building can be more attractive to potential buyers or renters, which can increase the value of a home.
- Government incentives: In some cases, governments may offer incentives or rebates for installing energy-efficient measures, such as radiant barriers. This can help to offset the initial cost of installing a radiant barrier.
Department of Energy Study on Radiant Barrier
In many cases, the use of a radiant barrier can lead to significant energy cost savings over time – which will help you save money. Accordingly, it is accepted by the Department of Energy that installing radiant barrier in the attic will reduce heat gain through the ceiling by up to 42%. This reduced heat load can result in savings of up to 17% on cooling utility bills, with some homes getting up to 30% or more. Altogether, the amount of money saved on a utility bill by installing a radiant barrier depends on a variety of factors, including the size and design of the building, the local climate, and the cost of energy in the area.
It is important to note that radiant barriers are just one aspect of energy efficiency, and other measures, such as proper insulation, sealing air leaks, and using energy-efficient appliances, can also help to reduce energy costs.