On average, the price of purchasing and installing a standby generator can range from $7,000 to $15,000. Remember that generators require fuel to run, which will increase your operating expenses.

Here are three more advantages to permanently installing a standby generator in your home. 1.You don't have to do a thing when the power goes out.

Although the upfront cost of buying and installing a generator is less than the cost of a battery, it requires fuel to run, which will need to be factored into the overall price.