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How to Budget for a Standby Generator

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How to Budget for a Standby Generator

A standby generator keeps your fridge and AC running during outages, but it takes planning to buy without breaking your budget.

VoAtlas editorial Updated · 3 min read
Typical cost $5,800 before anything else
Across the 0% window $386.67/mo 15 months, no interest

How we got that: $5,800 spread evenly across the 15-month introductory window on the Discover it® Cash Back. Checked · at the bank Carry a balance past the window and the standard APR applies to what is left.

A whole-house standby generator is the ultimate insurance policy against a dark, hot home. Once it is installed, it kicks on automatically when the grid goes down, keeping your essentials running without you lifting a finger.

Book the install in late winter before the summer storm rush starts. Contractors are more available then, which can help you lock in a better price for the labor.

Remember that the 15-month window is a deadline, not a gift. If you still have a balance on the card once the 15 months are up, you will start paying interest on the remaining amount.

The steps

  1. 01

    Get three bids

    Never go with the first electrician you call. Get at least three quotes for the unit and the installation labor. Compare what each contractor includes in their final price so you know exactly what you are paying for.

  2. 02

    Clear the space

    The unit needs a concrete pad and a clear perimeter to vent properly. Figure out where it will go before the crew arrives to avoid extra charges for site prep. Ask your contractor about local placement codes.

  3. 03

    Leverage your card

    You can use the Discover it® Cash Back card to pay for the generator. It offers 0% intro APR for 15 months on purchases and balance transfers. This lets you break that $5800 cost into smaller chunks.

  4. 04

    Automate your payments

    Take that $5800 total and aim for $386.67 per month. Set up an auto-pay for that amount so you stay on track. If you stick to this, you will have the generator paid off before the intro window expires.

  5. 05

    Schedule the service

    Once the unit is in, ask the installer for a maintenance schedule. Generators need periodic check-ups to run reliably. Keep those costs in mind for your annual home budget.

  6. 06

    Check the card terms before you commit

    Every figure we publish for the Discover it® Cash Back carries the date a person verified it against Discover and a link to where they checked. Intro windows and APRs change without notice, so confirm the current terms before applying.

    See Discover it® Cash Back terms →

Common questions

How long does installation take?

The physical install usually takes two to three days. This includes setting the pad, running the gas lines, and connecting the electrical work.

Do I need a permit?

Yes, almost every town requires a permit for a generator. Your contractor should handle this, but always double-check that they have secured it before they start digging.

Is the generator loud?

They make some noise, similar to a lawnmower or an air conditioner. You should place it away from bedroom windows if possible to keep the sound out of your living space.

What happens if I miss a payment?

Missing a payment can end your 0% intro rate early. Always make at least the minimum payment on time to keep your interest rate low.