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Asbestos encapsulation is an alternative to asbestos abatement or removal. Suppose you have hired an asbestos testing service and they recommend encapsulation. In that case, they will cover the asbestos with a protective barrier or put it in a sealed enclosure so the fibers cannot escape. Encapsulation usually costs between $2 and $6 per square foot.

According to the National Cancer Institute, asbestos-related diseases can take anywhere from 10 to 40 years for symptoms to appear. The health risks increase with prolonged and heavier exposure. Risk factors also include:

• Amount of exposure

• Chemical makeup, size, and shape of the asbestos fibers

• Length of time a person is exposed to asbestos

• Genetic factors 

• Source of exposure (direct exposure or secondhand exposure from someone directly exposed)

Since the EPA partially banned asbestos in 1989, it is no longer used to manufacture new siding in the United States; production had largely ceased by the early 1980s. Many other countries, such as Canada, Iceland, and Denmark, also have bans on asbestos. However, asbestos siding is still present in many homes built before the late 1980s. The only definitive way to know if your siding contains asbestos is to have it professionally lab-tested.

Since DIY asbestos removal isn’t the best option to save money, there are other steps that you can take to help cut costs when dealing with this project. After speaking with your asbestos removal expert, discuss if encapsulation is an option. If it is, you can save between 15% to 25% on overall project costs over demolition and disposal. In addition, when speaking with your professional, discuss if there are any tax credits available for your removal project. Finally, check with your homeowner’s insurance to see if any removal costs might be covered. However, be aware that this is usually only applicable if the asbestos is due to a covered incident, like a tree falling into your roof.