This depends on the geographic location, insulation, and cost of electricity. Lawrence Berkeley National Laboratory (LBNL), Oak Ridge National Laboratory (ORNL), National Roofing Contractors Association (NRCA), and several roofing material manufacturers have computer programs that can estimate the savings. A growing number of energy consultants are available to provide environmental regulation compliance information.
After researching this, Im curious about a method called poor mans sprayfoam where foamboard is cut to size between studs and sprayfoamed around the perimeter. Aside from the labour doing the job yourself, the cost seems comparable, is one better than the other? What about the quality of the canned sprayfoam around the perimeter? When i see sprayfoam done, it is never a full depth of the studs, so you would get 2.5-3 inches in a 3.5" (2x4) wall. Any thoughts?
The Canadian National Building Code references the CAN/ULC S705.2 National Application Standard which must be followed during all installations of 2lb medium density closed cell polyurethane foam. Every installer of CAN/ULC-S705.1 compliant medium density, spray applied foam must be licensed in order to spray foam and hold valid photo ID issued by their Quality Assurance Program (QAP) provider showing their license is in good standing.
For large jobs, professionals such as Dr. Energy Saver use two-part foam, which comes in larger containers. With 2-part spray foam, it's necessary to mix separate resin and catalyst compounds at the application nozzle. Combining these ingredients starts a chemical reaction that creates expanding foam. Contractors use small 2-part foam "kits" to air-seal an attic or to seal and insulate ductwork. To insulate an entire attic or wood-framed wall with spray foam, the resin and catalyst compounds are pumped to the application nozzle from 50-gallon drums in a specially equipped truck.