by Homeowners are searching for generators all the time. Everyone wants to ensure their home is fully powered leading up to and during a power outage. They want a generator but need to know how much a standby generator cost.
So many variables are involved, so it’s tough to nail down that sweet answer. Your specific needs, the manufacturer of the generator, and the type of generator you prefer — all of those play into an answer.
It can be overwhelming. But don’t worry; we have your back. We’re going to break down the costs of a standby generator below.
How Much Does a Standby Generator Cost?
A basic residential standby generator with 20 kilowatts costs around $4,000. Prices go up for bigger and more powerful generators. Depending on what you need, models with more power could cost more than $15,000.
Also, maintenance costs are around $500 per year. For business owners, the cost of a standby generator may also include the cost of a generator enclosure, which usually includes extra wiring, accessories, and climate control to protect valuable equipment.
What Are the Factors That Affect the Cost of a Standby Generator?
The cost of a standby generator will depend on numerous factors. Here are some you should know:
Power Capacity
Power capacity is a factor that affects the cost of a standby generator because it determines the amount of electricity that you can store in the generator and the amount of electricity that can be produced when in use. A higher power capacity generator means that the device can store more energy and generate more power. This means a larger capacity generator costs more upfront, maintenance, and fuel costs to run the generator.
Fuel Type
A standby generator can be a great addition to any home, but the cost can vary depending on the fuel type. Natural gas is often the most affordable option, typically costing between $2,500 and $7,500.
For those who would prefer propane, the cost is generally between $3,000 and $10,000. Diesel is the most expensive option, estimated at anywhere from $7,500 to $15,000.
Brand and Model
Generally, high-end models can range from a few thousand dollars up to $20,000 or more. Generally, Generac generators are among the most reliable and cost-efficient home standby generators. Prices for Generac start at around $2,400 and goes up to $10,000, depending on the size and type of generator.
Honda’s EU series of generators range in price from just over $1,000 to nearly $7,000. Westinghouse’s portable generator line ranges from $600 to $4,200.
Installation Costs
While the cost of the generator itself can vary depending on the size and type you choose, it is important to keep in mind that installation costs can add up quickly. The typical standby generator installation can range from $1,500 to $7,500.
This installation cost includes the parts and labor necessary to get the generator connected and operational and any necessary permits. Additional costs for installation include permits, utility hookups, excavation, and wiring.
Depending on the complexity of the installation and types of generators, the total cost of Generac installations ranges from around $2,000 to over $15,000. You could read about generac installations here to learn more.
Budget Accordingly
In conclusion, standby generator cost in 2023 will depend largely on its size, complexity, and power needs. Generally, a basic standby generator can cost anywhere from several thousand to tens of thousands of dollars.
To find the best deal on your standby generator in 2023, it’s important to shop around and compare prices. Be sure to get your standby generator now!
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