Purchasing a generator is a smart move, especially if you live in an area prone to power outages. But generators can be a significant investment, so it’s important to budget wisely. Here’s how to make sure your generator plans fit your finances in the new year.
Figure Out What You Need
Before you even start looking at generators, take some time to think about what you actually need one for. Consider whether you want to power your whole house when the lights go out or just keep the essentials running. Make a list of those crucial items. This will help you figure out how big and powerful your generator needs to be.
Pick the Right Type
Generators come in two main types: portable and standby. Portable ones are smaller and easier on the wallet. They’re good for occasional use or if you only need to power a few things. Standby generators are installed permanently outside your house and automatically kick in when the power goes out. They can power your whole house, but they’re more expensive.
Estimate the Costs
Now, think about how much this appliance actually costs. Generator prices can vary a lot depending on their size, type and features. Do research online or visit stores to see what different generators cost. Don’t forget about installation costs, especially for standby units. You might need permits, electrical work and maybe even some construction to get everything set up.
Factor in Fuel and Maintenance
Generators need fuel to work. They can run on gasoline, propane or natural gas. Think about how much fuel you might need in a year and how much it costs in your area. Remember that generators also need regular maintenance, such as oil changes and filter replacements. Include these costs in your budget, too.
Prepare for Surprises
Sometimes the unexpected happens. It’s always a good idea to have a little extra money set aside, just in case. Maybe a part breaks down, or a storm causes some damage. Having some emergency funds can help you avoid a financial headache if something goes wrong.
Look for Ways to Save
You don’t have to spend a fortune to get the generator you need. There are ways to save money. Think about buying your machine during the off-season when prices might be lower. See if any financing options or rebates are available. Compare prices from different stores to find the best deal.
By following these tips, you can create a new year’s budget that will help you buy the generator you need without breaking the bank. With a little preparation, you can have peace of mind knowing you’re ready for whatever comes your way even if the lights go out. For help choosing a generator for your Lansing, MI home, call Wire Works.
