Our generator contractors offer financing options for a wide range of generators. Here are a few types of generators you might consider for your home:
Generator prices range from $300 to $900 for a portable generator and $2,000 to $12,000 for a whole home generator. The total cost of a generator depends on the type, size, and installation requirements.
The cost of generators varies depending on the type of generator you buy:
| Generator Type | Estimated Cost |
| Whole home (standby) generators | $2,000–$11,000 |
| Portable generators | $300–$1,500 |
| Inverter generators | $400–$4,000 |
| Dual-fuel generators | $600–$3,000 |
The more powerful your generator, the higher the price. Power is usually measured by wattage:
| Wattage | Estimated Cost |
| 2 to 5 kW | $250–$1,400 |
| 7 to 10 kW | $2,000–$3,000 |
| 13 to 16 kW | $3,000–$4,500 |
| 22 to 25 kW | $4,500–$12,000 |
Home generators give you peace of mind when things go dark, but they're not without challenges. Luckily, Renovate works with experienced electricians who can help you fix the common generator issues below or properly install new generator systems that may help prevent unexpected problems in the first place:
To use a home generator on demand, it needs to be installed properly and have enough power to meet your needs. That's why Renovate works with top-notch contractors who have the know-how to install these systems properly.
Here are a few things they may help you consider when choosing the right generator for your home:
Understand how much power your household needs during an outage. Your electrician may be able to help you determine your energy usage during a visit to your home, or you can reference your utility bills. Renovate contractors will help you choose a generator that can handle essential appliances like your fridge, heating, and lighting without overloading.
Pick a spot that has plenty of ventilation, away from windows and doors, to avoid harmful fumes. For example, most generators are only meant for outdoor use because they burn gas or fuel. The right placement also helps meet local building codes and safety standards. If you’re installing a whole-home generator, your contractor might also have to pour a concrete pad to ensure the system stays level on solid ground.
Think about which fuel source—natural gas, propane, or diesel—is most practical for your budget and lifestyle. Some are more energy-efficient than others, and you’ll need to consider where you’ll store your fuel to run your generator when it’s not in use. Fuel type can also impact the noise level. Brands that make quieter generators may be necessary if you have local noise restrictions or close neighbors. Power levels can also impact noise.
If used sporadically, you may use power cords to connect your generator to your refrigerator or light switch during a power outage. However, some homeowners opt to have an electrician install a transfer switch for the generator, effectively wiring the generator to the home for easier use and reduced risk of backfeeding during an outage.
Renovate helps homeowners protect their homes before a natural disaster hits. Here are some of the benefits of using Renovate to secure financing for seismic retrofitting:
It’s free to use our form to request home generator financing and connect with a contractor. We partner with knowledgeable, pre-screened professionals and show you affordable payment plans for financing without a high upfront cost.
Renovate works with a network of lenders offering competitive interest rates and flexible terms, making generator financing accessible for a variety of budgets and credit profiles.
Submitting a financing request takes just minutes, and you may receive a pre-qualified offer quickly. Our streamlined process minimizes delays, helping you move forward with your installation sooner.
The cost of generator financing varies based on the loan amount, interest rate, and repayment term. For example, if you finance $5,000 at 7% APR over five years, your monthly payment would be around $99, with a total repayment cost of about $5,940. Some lenders may also charge additional fees like an origination fee.
Yes, some lenders may provide financing options that require no upfront payment if you have good credit. However, these loans may come with higher interest rates or stricter repayment terms.
Credit score requirements differ between lenders, but many lenders have financing options for all types of credit profiles. If your credit score is less than ideal, the lender may consider other factors to determine your eligibility, such as income, employment status, and overall financial stability. A lower score may result in a higher interest rate or less flexible terms.
Repayment terms typically range from one to 15 years, depending on the loan amount and lender. Shorter terms often have higher monthly payments but lower overall interest costs. Longer terms typically have smaller monthly payments, but you’ll pay more over the life of the loan.
Yes, many financing options include generator installation costs, allowing you to finance the entire project in one loan. To make the process easier, ask your contractor for an all-inclusive estimate that includes equipment, installation, and any additional fees.
