How Much Does a Generator Cost?

Home Generator Costs: Comparing Prices, Options & Benefits

Power outages aren't just inconvenient—they can disrupt your entire life at unpredictable times. Owning a home generator ensures your family stays comfortable and your essentials remain powered. Read on to uncover how generator prices fluctuate based on size, type, and brand like Generac.

In this Price Guide we will talk about:

1. Introduction to Generators
2. What Is the Price of a Home Generator?
3. Types of Home Generators
4. Generac Generator Costs
5. Wind and Solar Generator Options
6. Generator Installation Costs
7. Generator Maintenance Costs
8. Avoiding Hidden Costs
9. Find Reliable Electricians Near You on HomeStars
10. Common Questions

Introduction to Generators: Powering Your Home Efficiently

Having a reliable generator is essential for keeping your home powered during outages. It provides peace of mind, knowing your household’s essential needs will still be met. Generators come in different types, each offering unique benefits tailored to various home power requirements.

Home generators generally fall into three categories:

• Portable generators: Convenient and mobile, ideal for temporary power needs.
• Standby generators: Automatically kick in during a power failure, ensuring your home runs smoothly without manual setup.
• Backup generators: Designed for longer outages, restoring power automatically to sustain your home for extended periods.

Cost Overview: What Is the Price of a Home Generator?

Typically, a home generator costs anywhere between $650 for smaller portable models up to $16,000+ for whole-home standby systems. These variances highlight the importance of assessing your specific needs and budget.

Generator Type	Cost
Small Inverter (2.0-2.2 kW)	$650–$1,200
Mid/Large Inverter (6–8 kW)	$1,000–$2,200+
Standby Generators (10–24 kW)	$5,400–$9,100
22 kW Package w/ 200 A ATS	$6,900–$7,700
Installed Standby System	$10,000–$16,000+

HomeStars Tip: When evaluating generator options, consider not just the initial purchase price but also the installation, maintenance, and operational costs to ensure comprehensive budget planning.

Types of Home Generators: Choosing the Right Fit

Selecting the right home generator involves understanding the variety of options available and matching them to your needs. Each type has unique benefits and cost implications, which are important to consider for maintaining continuous power supply.

Backup Generators: These units are designed to be reliable and efficient when your main power source fails. Typically, backup generators range from $5,400 to $9,100 for models supplying around 10 to 24 kW. The cost often includes essential features such as automatic transfer switches (ATS), ensuring seamless power transition.

Standby Generators: Standby generators provide automatic backup during outages, making them ideal for seamless power supply. Costs rise with larger equipment sizes, transfer switches (ranging from $700 to $1,400+), and more complex installations that require infrastructure changes. Portable Generators: Portable generators are easy to transport and provide temporary power at lower initial costs. Generally, a portable generator ranges from $650 to $2,200+, depending on size and features. Consider purchasing a manual transfer switch for safe operation, avoiding back-feeding your main panel.

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Brand Spotlight: Generac Generator Costs

Generac is a prominent brand renowned for its reliable and efficient generators, making it a top choice for those seeking dependable power solutions. Generac offers a diverse range of generators with varying costs tailored to different budgets and requirements. Prices differ based on the type and capacity of the generator, with portable models generally costing less than standby versions. A Generac Guardian 10 kW is typically priced between $5,400 and $6,000, while larger models like the 24 kW range from $9,100.

If you’re factoring in installation, don’t forget that hiring a licensed electrician is an additional cost. You can find more details on what to expect in our electricians cost guide.

Wind and Solar Options: Exploring Alternative Power Sources

Exploring alternative power sources like wind and solar energy offers numerous benefits, including sustainability and potential long-term savings. While the initial costs can be substantial, these solutions provide an eco-friendly way to generate power.

Power Source	Cost Range
Wind Generators (1-10 kW)	$8,000–$11,000 per kW installed
Solar Panel Systems	Varies widely, typically $2,500–$5,000 per kW installed

For a closer look at solar installation pricing, check out our detailed solar panel cost per square foot guide.

Don't forget: Wind energy systems can be particularly advantageous in consistently windy rural areas, offering continuous power generation rather than just backup during outages.

Generator Installation Costs: The Financial Impact of Setup

Installing a home generator involves several logistical and financial considerations that every homeowner should be aware of. The costs can vary based on the complexity of the installation, the equipment chosen, and provincial regulations.

The cost for professional labour usually ranges from $3,000 to $5,000, depending on the project's complexity and required services such as trenching or lengthy electrical connections. Additional costs may include the transfer switch, which can range from $700 to $1,400, and site work like pouring a concrete pad. These components collectively contribute to the total installed cost, which typically falls between $8,000 and $16,000 in Canada.

HomeStars Tip: Check local regulations for any required permits as they may add additional costs to your project. Need your generator installation done right the first time? Hire a recommended professional tradesperson to ensure quality and reliability. Post your job today on HomeStars to find a vetted local electrician near you and experience top-notch service!

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Generator Maintenance Costs: Long-Term Investment Considerations

Regular maintenance of your home generator is essential to ensure its longevity and reliability. By keeping up with maintenance requirements, you can prevent costly repairs and enhance the performance of your generator. Routine maintenance typically costs between $150 to $650 per year, depending on the plan and scope.

Maintaining your generator involves several tasks that are essential for optimal operation:

• Regular inspections: Check for wear and tear to prevent future breakdowns.
• Oil and filter changes: Keep the engine running smoothly by replacing oil and filters at recommended intervals.
• Battery maintenance: Ensure the battery is in good condition to avoid startup failures.
• Cleansing the unit: Remove debris and dust to prevent blockages and overheating.
• Software updates and monitoring: For units with Wi-Fi capabilities, update software to maintain operational efficiency.

HomeStars Tip: If it’s time to replace your furnace, visit our furnace replacement cost guide for more information.

Generator Considerations for Buyers: Avoiding Hidden Costs

When purchasing a home generator, it's essential to be aware of potential hidden costs that may arise beyond the initial purchase price. These costs can affect the overall budget and longevity of your investment. Understanding these aspects helps in making an informed decision.

Installation complexity: Some setups may require additional labour due to longer runs for electrical wiring or gas lines, potentially leading to significant extra charges.

Permits and inspections: Many provinces mandate permits and inspections, which can cost between $150 and $300 depending on your location and the specifics of the installation.

Fuel storage and costs: Propane or natural gas storage systems might be required if your home isn't already equipped, leading to additional expenses beyond the cost of the generator itself.

Upgrades and utilities: If your electrical or gas systems need upgrading to handle the generator, this could add unexpected costs. Always check compatibility with your current home systems before purchasing.

HomeStars Tip: Always request a comprehensive quote from your installer that includes all potential hidden costs to avoid unexpected expenses.

Find Reliable Electricians Near You – Start Your Project on HomeStars Today

Are you in need of a vetted electrician nearby? Look no further! HomeStars connects you with experienced, trusted professionals ready to tackle your electrical projects. Finding the right tradesperson has never been easier – post your job today and take the first step towards a seamless project with HomeStars.

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FAQ: Common Questions Readers Ask About Backup Generators

Is there a difference between the cost of a backup generator for a residential and a commercial property?

Yes, there is typically a significant difference between the cost of a residential backup generator and a commercial backup generator. A residential generator, which might range from $3,000 to $10,000 for the unit plus installation, is generally designed to supply power for essential home functions. In contrast, a commercial generator can cost anywhere from $10,000 to $50,000 or more, depending on its size, capacity, and specific business needs. Commercial units are built to sustain larger loads and longer operational durations, thus reflecting their higher cost and complexity.

What should I consider when budgeting for a backup generator to ensure I get a reliable model?

When budgeting for a backup generator, consider the power output you require, measured in kilowatts (kW), to ensure it can handle your specific needs. Evaluate other factors such as fuel type (natural gas, propane, or diesel), the potential costs of installation, regular maintenance, and warranty coverage. It’s also beneficial to research and choose reputable brands known for durability and service support. Consulting with a professional to conduct a site evaluation can provide useful insights into sizing and placement, avoiding hidden costs and ensuring efficiency and reliability.

Can I expect any reduction in home generator costs through government incentives or rebates?

Yes, in certain provinces, Canadian homeowners may be eligible for rebates or incentives for home generators, especially if they are part of a broader energy efficiency or emergency preparedness program. For example, some provinces might offer incentives through their energy efficiency programs, which can help offset the cost of purchasing and installing a generator. It's advantageous to check with both federal programs and your provincial government for any available financial relief schemes applicable for backup generator installations.

What are the long-term benefits that justify the initial investment in a standby generator?

The long-term benefits of a standby generator include consistent power supply during outages, which protects against potential damages caused by power loss such as freezing pipes, spoiled food, and interrupted work or business operations. A reliable backup generator can also enhance property value and provide peace of mind knowing that backup power is readily accessible. Furthermore, in regions with frequent outages, a standby generator can prove beneficial in maintaining home or business continuity, ensuring safety and comfort at all times.