How Much Value Does a Standby Generator Add to My Home?

There are many ways to add value to a home from extra storage, to cosmetic improvements, but a truly beneficial measure is to protect the home from damage during a power outage. A standby generator offers the best protection in the event of a storm or infrastructure failure. A standby generator can be a partial or whole house system. A standby generator will easily pay for itself and by some estimates it could be 150% of the initial investment. Additionally, the presence of a standby generator give a healthy bump to a home’s value up to 5%. A generator on site will lower home insurance costs and save on future repairs to plumbing, heating and cooling, and perishable items. A generator will also help save on the costs of a temporary residence if one is forced out due to damage or a lack of power.

Key Takeaways:

Generators have a potential to increase your home value by 3 to 5 percent.
The return on initial investment could be upwards of over 150 percent.
Your homeowners insurance could possibly be lower depending on the generator you have.

“smart homeowners understand the important distinction between home improvement costs and home improvement investments.”