A home standby generator typically costs between $5,000 and $25,000 to install, with the average price falling around $17,000 for a whole-house generator, depending on the generator's size, brand, fuel type, and the complexity of the installation process required for your home; factors like necessary electrical upgrades and site accessibility can significantly impact the cost.
Key points about home standby generator costs:
Power capacity matters: Larger generators with higher kilowatt (kW) ratings, capable of powering more appliances in a home, will be more expensive.
Fuel source impact: Generators powered by natural gas may have lower installation costs compared to propane, depending on existing infrastructure.
Installation complexity: Difficult site conditions, extensive trenching, or the need for electrical upgrades can significantly increase the installation cost.
Professional installation needed: Standby generators require professional installation to connect to your home's electrical system and ensure proper functioning.
Factors influencing the cost:
Generator size (kW): The primary factor determining price, with larger generators costing more.
Brand: Different brands may have varying price points.
Fuel type: Natural gas is often considered more cost-effective than propane for installation.
Local regulations: Permits and compliance requirements can add to the cost.
Labor costs: The complexity of the installation and electrician's rates will impact the labor cost.
Available financing.
If backup power costs are a significant concern for you, the Generac Credit Card offered by Synchrony can provide assistance, subject to credit approval. This financial option is designed to help ease the burden of managing expenses related to backup power solutions.