Spend Now, Save Later: The Benefits of Investing in a Standby Generator System
Recent lingering power outages and the enormous footprint of Superstorm Sandy have stirred interest in standby generators. Home standby generators are a long-term, permanent solution for powering a home during an outage. When utility power fails, standby generators automatically turn on, providing a home with a seamless supply of power and eliminate the headache of finding another temporary solution.
Standby generators go beyond providing families with immediate peace of mind, though, and can actually help prevent financial losses that commonly occur during a prolonged power outage. Spoiled food, extended hotel stays and frozen or burst pipes are not always at the forefront of conversation when a family is determining whether to invest in backup power, but all carry financial hardships that last long after the power is restored.
The return on investment of a standby generator
When power is lost to a home, the comfort an automatic standby generator system provides is priceless. Oftentimes, the basic essentials of heat and air conditioning can be taken for granted until they are gone. Expected luxuries, too, like watching television, charging a cellphone or computer use can cause headaches when the power is out, too. But beyond these surface level conveniences, standby generators give homeowners a much larger return on their investment. In fact, hundreds to thousands of dollars can be saved when a standby generator automatically powers appliances during a lengthy outage.
Standby generator owners can easily recover the cost of purchasing and installing a home generator by avoiding these power-outage pitfalls:
- Spoiled food — replacing refrigerators and freezers full of food that has spoiled can cost hundreds of dollars
- Hotel stay — paying for a hotel for even one night can run $200 or more
- Basement repair after sump pump failure — when utility power fails to run a basement sump pump, remodeling and cleaning up afterward can cost hundreds to thousands of dollars
- Frozen pipes — in a winter power outage, pipes can freeze and burst, causing expensive repair work
- Looting — if a homeowner must abandon their home during an outage, looting is a stark reality, and stolen items can be extremely expensive to replace
Reducing the upfront costs of a generator
There are other ways to help curb the upfront costs associated with standby generators, which can cost a few thousand dollars once installation costs are included. Many insurance agencies offer what is sometimes referred to as a “loss mitigation credit” on a homeowner’s insurance policy. Typically, a home standby generator is seen as an appliance that effectively reduces the chance of a claim by a homeowner because it prevents other damages that could be incurred when power is not reaching a home.
Financing is also becoming more popular among customers. At GE Generator Systems, financing plans are readily available through participating dealers and help make home generator systems fit in your budget.