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Heat lost through uninsulated basement walls can account for up to 30% of the total energy lost through heat transfer to the outdoors. While homes in mild climates won't gain as much benefit from having an insulated basement as those in cold climates, the effects are still noticeable on your energy bill.

Each of the three types of wool insulation has particular disadvantages. While their R-value is higher, they all cost more than fiberglass versions. Installing mineral wool and sheep wool requires protective gear. Because of its vulnerability to insects, chemicals are used in its production. Hemp wool is more costly to install than other types because additional tools and labor are involved.

The cost to install or upgrade insulation generally ranges from $1.50 to $4.00 per square foot. The final price depends on factors such as the type of insulation chosen, the total area to be covered (home size), and local labor costs.

The most affordable way to insulate behind unfinished walls is to install fiberglass batts or rolls. These total around $0.75 per linear foot, with the width matching the gaps between standard studs perfectly. However, it’s important to consider the R-value of your insulation and the climate in your area, as fiberglass insulation isn’t the best in terms of preventing heat transfer. Plus, the most affordable option may cost more on electricity bills over time. The most affordable way to insulate behind finished walls is to leave them up and use blown-in insulation to avoid drywall replacement.