Big Budget, Big Payoff
The main disadvantage is the cost.
There are two different types of foam used depending on the type of project it’s being used for, and each cost a different amount.
Open-cell spray foam usually used for interior jobs can cost anywhere from$3 to $5 per square foot. Closed-cell foam, used for exterior walls, can cost between $4 to $7 per square foot.
To put that into perspective, spraying a 1,000 sq. ft. basement could cost between $4,000 - $7,000. A 1,200 sq. ft. attic could be as much as $12,000.A 500 sq. ft. garage $3,500.
In general, a two-story home sprayed on each level including rim joists, cantilevers and ceilings on the top floor will cost between $20,000 and$30,000. Clients with larger homes can often have spray foam jobs that cost upwards of $80,000.
So, that’s quite a bit of money to budget. That said, it will save you more money in the long run.
“It costs a lot up front but really pays off long term; it eventually pays for itself through energy savings and less rework on the insulation down the line,” says Justin.
While it might take close to 15 years before the spray foam investment starts keeping money in your pocket, the energy bill savings can be as much as $50 per month. That’s $600 a year.
After a few years of monthly energy bill savings, the initial investment should be paid off, and then all those savings stays in your pocket.
It’s a Good Time to Take a Little Holiday
Another negative aspect of spray foam is that residents need to vacate the house for along period of time, which can be a big inconvenience.
The foam sets within minutes, but once installed, it needs to be left alone for 24hours to ensure the toxic air vents out of the home. Because the foam is sprayed with a high-pressure machine, some of the raw foam product can create a vapor in the air, so ventilating the home helps ensure client safety.
After the spray foam installation, there is a very minor release of gasses from the cured foam, also known as off gassing, but it’s so small that most of our instruments cannot detect it.
Spraying a full basement can take up to 8hours as it includes foundation walls and rim joists (the section of walls above the ceiling and below the main floor). An entire home can take 3 to 5days, plus the 24-hour vent time. That’s a long time to be out of your home.
“After that the foam is a solid state of plastic, like any other plastic in your home,” says Justin.