Hi. You're looking for XPS, not EPS. Extruded foam holds up better and doesn't hold water. I've heard different opinions on thickness, ranging from 1/2 an inch to 2 inches. I would probably go a 1 inch or more. They can be pink or blue, or occasionally green, depending on your hardware store. It's pretty much all the same. I have seen people use the white and foil faced foam, but to my knowledge, that's 15psi. You'd probably be better served with 25 psi rated stuff, but I'm not a pro. I personally like it, but it's new, so I can't say if I did a good enough job, lol. Good luck, and don't forget the tape!