Home Much Do Home Generators Cost in 2024?

Compare The Cost of Standby and Portable Generators

In 2024 quality home generators can be found for as little as $790 to as much as $15,100. Compare Cost Near You Here:


Expect to get limited output from lower-cost models and be aware that they are not intended for long-term use. Expect to get limited output from lower-cost models and be aware that they are not intended for long-term use. Higher-output and more reliable home generators tend to start at around $4,000 and can climb considerably from there.

Generator Cost ComparisonsUnderstanding Generators For The House and How Much They Cost: An electric generator is any portable device or mid-sized appliance that uses a fuel source such as natural gas or gasoline to produce electricity; a home generator is an electric generator built to generate enough electrical output to provide for typical use in a single-family residence, usually designed for use as an auxiliary power source during an electrical service interruption. Roughly the size of a typical residential HVAC or central air conditioning unit, home generators are most often installed outside the home and can be hooked up to natural gas lines or standalone tanks of liquid propane. Some home generators have their own fuel tanks, as well.

What to Look For In a Generator For Home Use:
Look at your power bill or call your electricity provider to estimate your standard watt usage, and buy a generator that provides the output you’ll need. Fuel type and source options are also essential considerations, especially if you don’t have natural gas service to your home. An automatic transfer switch is standard on most home generators and is a must-have feature if you want your generator to come on by itself when you lose power to your home.

Common Types: Standby (most common) and Portable. Also, trailer mounted or towable.

Generator Power in Kilowatts (KW): Typically ranges from 15 -100 KW

Fuel Type: Gasoline, Diesel, Propane, or Natural Gas.

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Home Generator Buying Guide

When considering the purchase of a home generator, it’s important to understand the various types available and their associated costs. Generators can be a vital investment for ensuring power during outages, and the right choice depends on your specific needs and budget. Here’s a guide to help you navigate the options:

1. Types of Home Generators

A. Portable Generators

  • Description: These are small, movable units that run on gasoline, diesel, or propane.
  • Pros: Less expensive, versatile, and no installation required.
  • Cons: Limited power, manual operation, and need for fuel storage.
  • Cost Range: Approximately $500 to $2,000.

B. Inverter Generators

  • Description: A type of portable generator that provides clean energy suitable for sensitive electronics.
  • Pros: Quieter, more efficient, and produces stable power.
  • Cons: Generally more expensive than regular portable generators.
  • Cost Range: Around $1,000 to $4,000.

C. Standby Generators

  • Description: Permanently installed units that automatically activate during a power outage.
  • Pros: High power output, automatic operation, and can run on natural gas or propane.
  • Cons: More expensive, requires professional installation and maintenance.
  • Cost Range: Typically $3,000 to $10,000, not including installation.

D. Solar Generators

  • Description: Utilize solar panels to generate electricity, stored in a battery for use.
  • Pros: Eco-friendly, no fuel costs, and silent operation.
  • Cons: Dependent on sunlight, generally lower power output.
  • Cost Range: From $2,000 to $10,000, depending on capacity.

2. Factors Affecting Cost

  • Power Capacity: The more wattage a generator can produce, the higher the cost.
  • Fuel Type: Gasoline is generally cheaper, but propane and natural gas may offer convenience and longer storage.
  • Brand and Quality: Established brands with high-quality components are more expensive.
  • Installation: Standby generators require professional installation, which adds to the overall cost.
  • Features: Additional features like remote monitoring, quiet operation, or weather-resistant enclosures can increase the price.

3. Additional Costs

  • Fuel Storage: For gasoline and diesel generators, proper storage is essential.
  • Maintenance: Regular maintenance is crucial to ensure reliability, particularly for standby generators.
  • Accessories: Transfer switches, covers, and power cords might be additional purchases.

4. Choosing the Right Generator

  • Assess Your Power Needs: Calculate the total wattage of the essential appliances and devices you need to power.
  • Consider Your Budget: Balance your power needs with what you can afford.
  • Think About Fuel Availability: Ensure you have access to the fuel your generator will need.
  • Noise Regulations: Check local regulations if noise is a concern, especially in residential areas.

5. Installation and Safety

  • Professional Installation: Recommended for standby generators.
  • Safety Precautions: Ensure proper ventilation for gas-powered generators and adhere to all safety guidelines.

Investing in a home generator is a decision that should be based on your specific power needs, budget, and preferences for operation and maintenance. Each type of generator has its own set of advantages and considerations, so it’s important to weigh these factors carefully before making a purchase.