Payback won't be that fast. My energy bill did not go down between 2010 and 2011...of course, we did not have 45-days of 100°+ weather in 2010 like we did in 2011. Also, 30-days in a row of no rain.
I checked my AC energy use each night and it was running 13+ hours during those long dry spells. The few times it did rain, it ran 6-8 hours.
I guess my point is, it is definitely saving me money since my electrical use changed very little, but it was a lot hotter in 2011 than it was in 2010 and 2009. Also a lot less rain which has an evaporative cooling effect on your house. But not $1,700 in basically 12-months....(when you figure how much you run the AC in the summer over 3-year)
My attic was unbearable hot in the summers if I had to go up there for any reason before I installed the radiant barrier. Last summer, I put a thermometer up there a few days and randomly checked it and it was about the same as outside temp. I had one installer quote me $2K to install but I’m not LOL Rich and DIY for ~$350 from
atticfoil.comd (check out their web site to get good info. on how it supposed to work).
Also, I think superspek will be along shortly to tell you it's which craft, junk science and will shorten your roof life, all of which he is wrong about. A&M did a study several years ago which showed it did nothing to the roof life (and roof manu. will not void your warranty if you install it) and does in fact help save on energy costs (Honestly, I have no idea why he's got such a beef with it - other than maybe he or some friends have been screwed over by some installers).
[This message has been edited by agracer (edited 6/11/2012 3:10p).]