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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.

The most insulative type of insulation for behind drywall is spray foam insulation, but this is the most expensive insulation available. The most common insulation—sometimes considered the best for the value you get for the money—is fiberglass roll or fiberglass batt insulation, which is significantly more affordable but also far less insulative. The best kind of insulation for your house will also vary based on the climate in your area, your budget, and more. A professional insulation company can help you decide which type is best for your home.

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.

While fiberglass is dangerous to work with, it’s a perfectly safe material once it’s installed. If you’re tackling the installation yourself, make sure you take the proper safety precautions and wear the right gear to avoid skin and eye irritation and lung complications. Working with a professional insulation company can mitigate these risks.