Panels promise savings on your electric bill - FOX 13 News

Panels promise savings on your electric bill

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TAMPA (FOX 13) -

Warm air rises.

That simple, yet profound reality of science is the basis for a new product that promises to decrease heat and cut your electric bill.

"I recommend it," said Ralph Pickard, a Lakeland man who installed GreenStar panels in his attic. "It's comfortable up in the attic."

The foam panels install between roof trusses far closer to the roof than traditional insulation. Warm air confined to a narrow chamber just a few inches tall. Heat then rises and exits through a ridge vent.

"It comes out like a blow dryer," said Paul White, president of Greenovative homes and inventor of the Greenstar panel.

White said traditional insulation leaves a large gap between the roof deck and the fiberglass, allowing attics to become an oven. He says Greenstar panels make your attic cooler, require your air conditioner to run less, cut your electric bill, and, ultimately, pay for themselves.

LINK: Greenovative Homes:

"Yes," he said. "Sometimes it's three to five years, sometimes it's five to seven years return on investment."

Pickard, whose home has been outfitted with the panels the past a year, said the savings on his electric bill are noticeable.

"[It dropped] 25 percent a month. I mean immediately -- from the first utility bill we got," he said.

The average electric bill in Florida is $122 per month, according to Florida Power and Light.

Greenstar panels are by no means inexpensive. Prices vary based on roof size, but White said the insulation costs about $4 per square foot installed.

White said do-it-yourselfers can buy the panels for about $1.25 per square foot and do the installation work themselves.

"It'll pay for itself a lot quicker that way," he said.

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