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A radiant barrier installed in 2009 with the primary purpose of insulation may qualify for up to a $1,500 federal tax credit for 30 percent of the material costs (installation charges are not included). To apply you will need your purchase receipt and the Manufacturer's Certification Statement.
Cost breakdown. Generally, the typical home insulation costs include: 1  The Attic-according to the HomeInspectorLocator.com website the costs for insulating an attic to modern standards will run between $1 and $1.50 per square foot, though the costs increase by 100% when the insulation is one of the blown varieties. The sheathing will average around $1.02 per square foot while the R15 cavity insulation costs roughly $.73 per square foot. 2  This means that a total price of $1.75 per square foot is necessary for the purchase of the materials.