Atlanta Elite Spray Foam installs foam for a living, so an honest answer covers where it is not worth it as well.
At $1.50 to $3.50 per square foot open-cell and $2.50 to $5.50 closed-cell, foam costs several times what fiberglass does. That premium needs a reason.
It pays where air leaks or moisture are the actual problem: in this climate, crawl spaces, rim joists and attics with ductwork. It is weaker over a deep attic floor that can simply take more cheap insulation.

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Condensation under metal panels never lets up until foam removes the cold surface. Details on our metal building insulation page.
With a fixed cavity depth and a high R-value target, closed-cell gets there in fewer inches. Nothing else can.
Often the best value. A vented Atlanta crawl space draws muggy air into a cooler floor system all summer, a recipe for condensation and mold. UGA Cooperative Extension points to attic insulation and air sealing as top ways to cut Georgia utility bills.
Closed-cell sheds water that fiberglass would absorb, and sealing the crawl space is a self-contained project that helps comfort and dampness.
Ducts and an air handler in a vented attic cook all summer. Foaming the roof deck brings them inside the envelope, typically the biggest efficiency gain available.
That last one is the usual mistake: a partly sealed shell leaks wherever you stopped, and the money goes further spread wider.
Sometimes true. The weaker-case list above is a real list.
True. Foam grips pipes and wires, making later repairs in that cavity harder, so weigh it for any wall you might reopen.
Only if the wrong foam goes in the wrong assembly, such as closed-cell where a wall must dry inward. That is a specification issue, so we never default to one foam.
Foam must cure and ventilate, so the house stays empty for a set period. Correctly mixed foam cures fully; badly proportioned foam may not, an installer problem, not a material one.
Our comparison against fiberglass covers the trade-offs, and the cost breakdown lists prices by area.
Our free on-site estimate shows where foam earns its cost in your home. Call (770) 501-6922.
Atlanta Elite Spray Foam covers metro Atlanta: Alpharetta, Roswell, Johns Creek, Cumming, Woodstock, Canton, Kennesaw, Marietta, Lawrenceville, McDonough, Peachtree City, Newnan and nearby towns.
Comfort and Efficiency, Sealed Tight — For Atlanta-Area Homes and Businesses