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. Jun 2, 2017
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. Mar 28, 2020
If you or someone in your household needs electricity to power medical equipment as directed by a physician, the cost of keeping the standby generator running during power outage periods could be itemized and deducted up to 10 percent of your annual gross income.
One solution, some experts say, is the whole house generator. Yes, they're expensive — often costing as much as $15,000 — but they will kick in automatically in the event your house goes off the grid. With 3.5 million Americans left without power in any given week, these generators may be worth considering. Nov 8, 2012
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