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Depending on where you live and the conditions of your basement, you may not need to insulate your basement. Your best bet is to talk to a basement remodeling company to find out what they recommend doing.

Insulating your basement can help improve your home's energy efficiency, but it will also increase the cost of your basement remodel project. The average cost of installing basement insulation is $2,400.

When it comes to fiberglass insulation versus foam board, there are a few notable differences, both aesthetically and functionally. Fiberglass insulation is soft and flexible, meaning it can be squeezed into tight spaces more easily than foam board. Fiberglass insulation also has a higher R-value, making it a better pick for colder climates. However, foam board insulation can resist moisture and pest damage much better than fiberglass.

The primary downside of radiant barriers is their limited effectiveness in cold climates. They are designed to reflect radiant heat, making them less beneficial in cooler conditions where heat retention is more important. 

Radiant barriers require proper installation to maximize effectiveness. Incorrect placement can lead to minimal benefits. They also do not provide insulation, meaning they should be used in conjunction with traditional insulation for optimal energy efficiency. 

Ductwork should be wrapped in insulation in certain locations. This includes unconditioned interior parts of the home, such as attics, crawl spaces, basement ceilings, and between floors. Duct joints should also be insulated since they're more likely to leak air than other parts of your system. Building codes in some areas also require ductwork to be insulated.