Planning Financially for a Standby Generator
Wednesday, April 22nd, 2009Purchasing a standby generator can be a worthy investment to protect your family and your property in times of emergency. There is a certain amount of peace of mind that comes with being prepared for emergencies. As with other major purchases, cost is always a concern when considering installation of a standby generator. The standby generator itself can be an expensive purchase, even before you consider the costs of installation.
As with any construction project, there may be costs associated with permits and inspection fees from city and county governments, when installing a standby generator. It is always best to comply with your local regulations to ensure proper construction for your area, and to minimize liability in case injury or property damage occurs involving your project.
Permanently installing a standby generator may require you to pour a concrete foundation or pad to support the unit. The construction of the pad will vary depending on the size and weight of your generator, and your local governmental regulations concerning construction projects. Building a pad can be labor intensive and may involve the use of a backhoe or some other earth moving equipment. The cost of your concrete will vary depending on whether you mix it yourself or have it delivered.
Wire, wire connectors, conduit, switches and related gear will be required to install your unit. A manual or automatic transfer switch is required to safely change between generated power and your utility provided power. The manual transfer switch is cheaper but lacks the convenience of automatic changeover from one power source to the other.
You should consider the expense of hiring a licensed electrician to install your standby generator. An electrician will not only be able to help you choose a properly-sized standby generator for your home, but he or she will make sure that the electrical connections are properly and safely completed. If you only plan to use your standby generator to power your basic needs, lighting, heat, refrigeration and your well pump (if you have one) you will save money by buying a smaller output capacity standby generator. Not powering inessential motors such as a pool pump will enable you to include a smaller standby generator in your emergency plan.