How Much Does It Cost to Insulate a 24’x24’ Metal Building?
Insulating your metal building lengthens its lifespan, lowers your energy bills and ensures that your building is comfortable and appropriate for year-round use. And while insulating your building at the time of construction involves an investment, it’s an investment that typically pays for itself by giving you years and even decades of lower power bills.
You may find that insulating your 24’x24’ steel building leads to energy savings of $100 or more a month and more than $1,200 a year. If you own that building for 20 years, you’re looking at saving more than $24,000 on power bills, which is far higher than the cost of your initial insulation investment. Just how much of an initial investment might you make to insulate your building?
To purchase a basic, single-layer fiberglass insulation system that has an R-13 R-value, plan to pay about $0.50 a square foot for material. A more extensive, double-layer system with an R-30 R-value might cost closer to $1.50 a square foot. So, expect to pay somewhere between about $288 and $864 for materials needed to insulate your 24’x24’ metal building.
(*Prices are subject to change due to inflation and availability.)
Installation costs may vary based on geographic location, among other factors, but typically, you should plan to pay between $0.50 and $1.25 a square foot to install fiberglass insulation for new construction. To have insulation installed in your 24’x24’ building, plan on paying between about $288 and $720 for labor. (*Prices are subject to change.)
Final Cost of Insulating a 24’x24’ Steel Building
Once you factor in material and labor costs, you’re looking at shelling out between about $576 and $1,584 to insulate your 24’x24’ steel building. Given how much you can save in energy bills by doing so, your initial investment may pay for itself in just a little over a year. (*Prices are subject to change due to inflation and availability.)