A Need-Based Decision But more often, need is determined by the likelihood of a power outage. If you live in an area with frequent (more than three times a year) or lengthy (more than several hours) blackouts, then a standby generator becomes more of a necessity than a simple convenience.
Installing a generator "legally" can increase the resale value of your home. ... A 2014 report by Remodeling Magazine indicated that installing a standby generator can provide up to a 150% return on your investment. Meaning, if you spent $12,000 on installing a generator, your home value may increase up to $18,000.
As a homeowner, buying a generator could spare you financial losses, like food spoilage, when power outages strike. Also, if you work from home, a standby generator is a solid investment, as it ensures you won't suffer a loss of income due to circumstances outside your control.
Pros: Portable generators are cheaper to buy and install than home standby models. When connected to your home's circuit-breaker panel with a transfer switch, they can power almost as much as a home standby generator.
Add up the Total Watts to determine how much power your home is likely to use during an outage. Multiply the Total Watts x 1000 to find kilowatts. Multiply kilowatts x 1.25 to add a margin of safety and for future power needs. This is the minimum Generator Capacity required for your home.
Energy generators
Under the Residential Energy Efficient Property Credit, homeowners can receive a tax credit for alternative energy equipment installed in your home. (Yes, that's a tax credit, which is directly subtracted from the amount you owe, as opposed to a deduction, which simply lowers your taxable income.)
Typical life span for standby generators is 25 to 30 years. For applications operating outside of standby, engine life is dependent on run hours, maintenance cycles, and the quality of installation.
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