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While the R value will vary, most ocSPF products have an R value of around 3.8 per inch. Unlike medium-density closed-cell SPF, ocSPF is not a vapour barrier. When installed at 5.5 inches or more, ocSPF does act as an air barrier. It is often used for interior walls because it provides sound reduction by blocking and absorbing air leakage. It is usually only recommended for indoor applications.
Spray foam insulation, like other insulation, saves on energy costs and lowers utility bills. Studies by the US Department of Energy show that 40% of a home's energy is lost as the result of air infiltration through walls, windows and doorways. Buildings treated with spray foam insulation insulate as much as 50% better than traditional insulation products.
In general, cantilevered steel beams are a nightmare. If part of the steel beam is in contact with exterior temperatures, then it's best if the interior portion of the steel beam is covered on all sides with insulation. This is generally impossible (because the interior portion of the cantilevered beam generally supports a load, meaning that you can't wrap the steel beam in insulation on all sides).
Spray polyurethan foam does effectly prevent all six of these heat transfer methods from occurring. These should be the mechanisms by which you judge insulation, in addition to their R-Value. If you're uncertain about installing spray foam insulation, Energy Star has a map that recommends levels of insulation by R-value and cost-effectiveness in the United States.
Jennifer, I'm not an expert on the health effects of closed cell foam. A lot of people live in houses with closed cell foam and have no health problems from it, at least not short-term, acute problems. I do know of one person who had it removed from her crawl space because she was convinced it caused her dog to get sick, but I know only what she told me.
Spray Foam Existing Wall
My other question was gonna be this. We ripped all the drywall out after Hurricane Harvey and we found some latent termite damage from some time back. One of the common studs in one corner is pretty well eaten to shreds. I was gonna brace it but then I read about more modern framing practices and I read how each stud is a thermal bridge. So now I'm thinking that I won't bother with it because the house hasn't fallen down and the foam might help a little. Unless you say to brace the stud. Then I'll do it, Martin! :)
Spray foam insulation is typically priced by volume, meaning your cost will depend on how much material you need to use to insulate your space, although other factors may influence price as well. In most cases, the cost of spray foam insulation is more than worth it, as it's a once and done upgrade that will not only provide energy savings in your home, but also improve your home's overall comfort.