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A radiant barrier is a form of insulation topped with a reflective material designed to keep homes cool during hotter months. It is generally considered worth the investment if you live in a hot, sunny climate, as the cost can be recouped over time through lower energy bills. Installation costs typically range from $0.10 to $1 per square foot. After installation, homeowners in warm climates may save between $7 and $15 per month, potentially reducing their electric bill by 5% to 10%. The exact savings will vary depending on your location and the type of barrier chosen.

Drywall insulation costs around $1,800, on average, but prices can range from $500 to $4,500, depending on a few different factors. The following things are important considerations to make when pricing out your insulation project:

• Square footage of insulation

• Type of insulation 

• Climate in your area and the insulation R-value required

• Whether or not your walls are already finished

• Accessibility of the area 

• Whether or not you need old insulation removed first

Structural insulated panels and rigid foam boards have the highest R-value of any insulation that contractors commonly use, with R-values reaching up to around 8.0. These types of insulation are best in extremely cold climates, but they’re generally preferred for new construction, as they can be challenging to retrofit. Blown-in and loose fill insulation provide the next best insulative value, provided the installation is done properly. It’s important to choose an insulation type that meets your needs based on climate, as maximizing R-value may not always be financially worthwhile if you live in a moderate climate.

In addition to adding insulation to your attic, you may want to add a radiant barrier. A radiant barrier works by using reflective material, such as foil, on the attic floor. As heat penetrates the roof and enters the attic, the radiant barrier reflects the heat upward and back through the roof. If you receive a lot of direct sunlight on the roof, using both a radiant barrier and insulation in your attic can provide significant benefits.