As a homeowner, you must be well aware of how hard it is to place a monetary value on the benefits of having a standby generator installed in your home. However, speaking from my experience, the benefits alone far outweigh the initial investment of setting it up in the first place.
For starters, standby generators are one of the most invaluable assets you can have in your home, whose role stretches far beyond keeping your family safe and ensuring that your home stays in proper order in case of power outage or damaging storm. You want to be sure that everything will still be running uninterrupted just in case your power transformer blows up or there’s a region-wide grid disabling.
How much actual resale value can a whole house generator add to your home?
Installing a whole house generator is NOT another one of your Do-It-Yourself projects. You have to get a certified technician and plumber to install it permanently in your yard and on a concrete pad. And unlike their portable counterparts, they have to be directly connected to your home’s electrical channel, powered by either liquid propane, natural gas, or diesel.
So yes, installing a generator will definitely increase your home’s resale value. Confirming this is a series of consumer reports, which state that a whole house generator will most likely be increasing the resale value of your home by up to 5%. Backing this up is another report by Remodelling Magazine, which went on to point out that a standby generator can provide a total return on investment of up t0 150% if done right.
I can honestly say that standby generators are definitely a good investment. And it’s for this reason that many homeowners are always left to wonder if they really increase the value of their home.
Other Benefits of Standby Generators
A whole house generator is designed to automatically engage a few seconds in whenever you register a power loss, thanks to their use of automatic transfer switches. Since they usually run on propane or natural gas, they can run continuously even for days, given proper maintenance. This will be followed by the generator switching off automatically when the power restores, thus allowing your home to automatically reconnect the grid.
The transition is often seamless, nearly unnoticeable were it not for the NOT-so-loud noise the generators produce. This makes them ideal as best home generators for families or home with electrically-powered life-sustaining medical equipment.
Standby generators also come in handy when you’re operating from a rural area that’s completely off the grid; and in the recent years, people have been installing them in commercial buildings such as schools, emergency data facilities and nursing homes where a power interruption could mean a catastrophe.
So if you have to put the value on a standby generator, then ignore the initial investment cost and instead focus on the benefits you’ll be getting by installing one in your home. In other words, the convenience of having a generator that automatically engages whenever you experience a power loss, regardless of whether or NOT you’re at home, topples the considerable cost of installing one in your home.
Imagine a scenario where your home is the only one on the block with power, a cooling or heating air conditioning system, and a working refrigerator. It’s even better when you have it installed on a commercial building. You want to be sure that your business operations will never be brought to an abrupt halt because of an outage.