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Insulating a detached garage won't reduce your home's heating or cooling bills—and insulating an attached garage will only have a small effect on your home's energy efficiency. However, insulating an attached garage can reduce the transfer of heating and cooling to and from the outdoors, which can reduce the amount of energy your home needs to stay comfortable. Also, having an insulated garage is just more pleasant. Balance the cost of insulating your garage with how you'll use the space to determine if the project is worth it.

Installing new insulation in a home is worthwhile if your existing insulation is old and has lost some of its insulative capability or if you don’t have insulation installed already. Installing new insulation will boost your home’s energy efficiency, which can reduce your heating and cooling bills and save money on HVAC repair and maintenance in the long run. New insulation also keeps your living space more comfortable, so you and your family will benefit from the work as well. Finally, installing new insulation boosts your home value, making it especially worthwhile if you plan to sell.

Don’t install insulation near water heaters, oil burners, or any other object that gets hot. Many insulation materials are fire-resistant, but not entirely fire-proof, so you should take precautions to keep hot things away from fiberglass. This is also why it is imperative to box off lighting fixtures and breaker boxes.

An insulated garage door is a great long-term investment if it’s within your budget. They save energy and give the door year-round usability. In other words, the door pays for itself after a few nasty winters. Most modern garage doors already have a fair amount of insulation, so look into those options if you don’t feel comfortable splurging.