Is There Innovation In The Contracting Business?

4 Technologies Drive Up The Energy Job Market

Employment in the “energy” industry is on the rise, according to the second annual National Energy Employment Report issued by the Department of Energy (DOE) in January. In fact, 6.4 million Americans now work in energy, adding more than 300,000 net new jobs in 2016, which is 14% of the nation’s overall job growth. “This report verifies the dynamic role that our energy technologies and infrastructure play in a 21st century economy,” said David Foster, DOE senior advisor on industrial and economic policy.

The report also showed that the energy efficiency sector had the largest increase in jobs, adding 133,000 jobs in 2016 for a total of 2.2 million people. The job outlook remains bright as well. According to the report, the energy efficiency sector is predicting hiring rates of 9% in 2017, or 198,000 new hires. According to the report, much of this energy efficiency job growth can be attributed to advances in four major technology areas:

  1. Efficient appliances
  2. HVAC
  3. Advanced Building Materials
  4. Lighting

We see the Spray Foam Hybrid as a spray technology that will fit nicely into two of these categories, that being HVAC and Advanced Building Materials. We believe that this new portable spray foam machine will transcend between both the low pressure spray and high pressure spray foam industry. Recently, I will able to give our Elevator Pitch to a room full of 400+ people who were there to listen to new business ideas.  Could the Spray Foam Hybrid fit into the Spray Foam Sweet Spot? Time will certainly tell, won’t it?

Portable Spray Foam Components

What makes for a great spray machine

If you are looking for a small, portable spray foam system for your business, you know that this is a very difficult proposition. Why? There are a lot of reasons for this challenge, but probably the biggest one is that most commercial spray foam equipment is designed to be used for large volume projects. If you want to spray an entire house and you need to do it fast and as affordably as possible, then a large spray foam rig is the way to go. Of course, with that performance comes a high price. Most new spray foam rigs start at $40,000 and can run all the way up to $100,000+.

Click Cover Page To Receive Your Free Report

So if that isn’t what you are looking for, then hopefully this Free Report will help you in your discovery process. Before we go into a discussion about the individual components, let’s see what category of user that you fit into. Normally, you will fit into one of four areas of spray foam application so where do you currently find yourself on this list?

  1. You have your own small project and you want to do it yourself, but you don’t have any mechanical skills.
  2. You have your own projects that you want to do and you have mechanical skills or support.
  3. You are a commercial contractor who wants to add portable spray foam to your business, but you have never worked with two component polyurethane chemistry.
  4. You are a commercial contractor that currently works in the spray foam industry and you want to expand your business so that you can take advantage of smaller projects.

So now that you have identified which type of business category that you currently find yourself engaged in, understand that this Free Report relates mostly to those in Categories #2, #3 and #4. If you are in Category #1 and are looking to do a project for yourself, you will need to do additional homework on this subject or just look for a company that can provide some outside assistance.

Cost of Spray Foam Insulation for Existing Houses

Improvement.com and HomeAdvisor.com 2017

I ran across an article which was published recently and it stirred up my curiosity regarding what the average cost of a spray foam project could be for an average existing home. This lead me to several very interesting sources, one of which I am sure you have heard of. Both Improvenet and HomeAdvisor publish some very interesting data.

National Install Spray Foam Insulation Costs
Cost data is based on actual project costs as reported by ImproveNet members.
Average reported cost based on 694 cost profiles
Minimum cost @ $150
Maximum cost @ $6,500
Most homeowners spent between:
$1,623 To $2692

You Can See The Actual Chart At This Link

National Cost of Spray Foam For Existing Homes

Like any project or insulation type, the specific cost of spray insulation varies greatly according to the size of your home or room. There’s more to applying spray foam insulation, however, because you may need your installer to add more than one layer of insulation to meet your home’s energy needs. Each layer of spray foam is one inch thick, and most spray foam insulation installation prices are based on the number of layers of one inch of foam you need in a given space.

So how did they get this this data? It turns out that homeowners visit ImproveNet.com to find a top-rated pro to complete their home improvement project or repair. Once their projects are completed, the members log in to their accounts and complete a short cost survey. After compiling and organizing the data, ImproveNet.com then issues the report on their websites so that people can get a feel for what to expect to a project like this.

While I recognize that this information is extremely unscientific, it does lead to some very interesting questions:

  1. What type of portable spray foam equipment did the contractor use for these types of projects?
  2. Did the contractor make any money or did they do this in conjunction with adding other types of insulation?
  3. What type of contractor was this?  Are we talking insulation contractor? Spray foam contractor? General contractor?
  4. Did this lead to additional business opportunities for the contractor?

So many times it seems that spray foam for existing home retrofitting is used much more as a band-aide than as a leading technology. Granted, nothing in the insulation material space is very sexy and no one thinks about things like leaking air unless some type of professional is able to make the case for solving the issue, but just maybe there is an opportunity for a portable spray foam system that could allow contractors to take advantage of these opportunities, especially of the they can get in and out of the project quickly and without a high capital cost.