When the power goes out, it’s not just the lights that turn off – your fridge, heating, or cooling system all go down. That’s when a whole-house generator comes in handy! If you’re interested in purchasing a home generator to keep your home up and running when the grid fails, you can learn all about the associated costs with an online search right now.
Factors in Calculating Home Generator Cost
There’s no one-size-fits-all answer because the cost depends on many things. These include the generator type, its size, the kind of fuel it uses, and more. Before making a decision, make sure to dig into these details.
Home Generator Type and Size
The type and size of the generator play a big part in the cost. Standby generators can range in price considerably, but average around $5,000. Portable generators are cheaper but less powerful, ranging from $500 to $2,000.1
Your choice will depend on how much power your home needs. It’s crucial to understand your energy requirements and to match them with the right type and size of generator.
Fuel Source
The type of fuel your generator uses also affects the cost. Home generators run on gasoline, propane, or natural gas. Gasoline is generally cheaper, but also less efficient.
Propane and natural gas are more efficient but might be pricier. It’s good to weigh the pros and cons of each fuel type to find what’s best for you.
Installation and Labor
Don’t forget about the cost of installing the generator. For a standby generator, installation can range from $1,500 to $5,000.2 Portable generators don’t usually need installation, so you save money there. Always be sure to factor in labor costs when budgeting for a home generator, as it can drive up the price.
Maintenance and Running Costs
Owning a generator also comes with ongoing costs including fuel, regular check-ups, and any repairs. Some home generators are more maintenance-friendly than others, so be sure to consider this. You’ll want to be prepared for these ongoing expenses to avoid any nasty surprises.
Start a Search Today
Installing a home generator is an investment in comfort and peace of mind. But remember, the initial price tag isn’t the only cost you should think about.
With a dedicated search online, you can determine the best whole-house generator for your home and budget, plus look for any sales. Information is power, so the more you learn, the more you’ll likely save on this worthy investment!
