What is the Return on Investment for a Standby Generator?
Equipping your home with a standby generator shouldn’t be viewed as an expense, but rather an investment. Standby generators defend your power supply year-round, and can even pay for themselves with the protection they provide.
Here are three examples of ways in which standby generators provide measureable value to homeowners:
Standby Generators Prevent the Costs of Power Outages
Think it’s expensive to have a standby generator? It’s even more expensive not to have one. A loss of power can bring about all kinds of unexpected expenses, including water damage, food waste, hotel costs, and more. Here are just some examples of expenses that a standby generator can help you avoid:
- Power outage supplies: $100+
- Burst pipe: $10,000
- Flooded basement: $21,000
- Mold removal: $500 – $30,000
- Food loss: $250 – $500
- Alternative shelter: $110 per night
Standby Generators Increase Resale Value
Installing a standby generator can instantly boost the resale value of your home. According to data from Remodeling Magazine’s 2016 Cost vs. Value Report, nearly 60% of the money you spend on a standby generator will be added directly to your home’s resale value. For comparison, this is a higher return on investment than a full-blown bathroom remodel. In addition to making your home more valuable, a standby generator can also make it easier to sell.
Standby Generators are Convenient
If you live in Fairfield County CT, power outages are a year-round threat. Between hurricanes, blizzards, and spring thunderstorms, you never know when the power will go out. A standby generator gives you peace of mind knowing your home and family are under 24-hour protection. Who can put a price on that?
Are you ready to invest in a standby generator for your home? If you live in western Connecticut, look no further than the experts at Cannondale Generators to properly size, install, and maintain your new power protection system. Contact us online to get started with a free consultation, or call (203) 762-2608.