As a homeowner, buying a generator could spare you financial losses, like food spoilage, when power outages strike. Also, if you work from home, a standby generator is a solid investment, as it ensures you won't suffer a loss of income due to circumstances outside your control.

Do I really need a standby generator?

If you live in an area where hurricanes, tornadoes, severe thunderstorms, or snow or ice storms occur, then purchasing a backup generator is strongly recommended. ... Large homes are a lot more prone to experiencing burst water pipes during winter storm-related power outages.

Does having a standby generator increase home value?

Installing a generator "legally" can increase the resale value of your home. ... A 2014 report by Remodeling Magazine indicated that installing a standby generator can provide up to a 150% return on your investment. Meaning, if you spent $12,000 on installing a generator, your home value may increase up to $18,000.