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Generators run on a variety of fuel types, ranging from natural gas to solar power. Keep in mind that fuel costs varying by type:

• Natural gas: $2,000–$21,000 per year 

• Liquid propane: $2,000–$21,000 per year

• Diesel: $3,000–$20,000 per year

• Gasoline: $500–$3,000 per year

• Solar generator: $2,000–$25,000 per unit

• Battery backup: $10,000–$25,000 per unit

While natural gas generators are costly, they’re a great option for standby power due to the reliability of natural gas as a fuel source. Unlike other fuels, natural gas is delivered through underground pipes, making outages extremely rare and less likely to be affected by the elements. As long as the area isn’t prone to earthquakes, they offer an unlimited supply of natural gas that doesn’t degrade over time or require storage in tanks.

As a safety measure, you should always turn off the main breaker while operating your generator’s backup breaker. In addition, you should also switch off all appliance breakers so you don't have a power surge when the main breaker turns back on. And finally, turning off the main breaker prevents back-feeding, which endangers utility workers with the risk of electrocution. Back-feeding could also destroy the electrical circuits of your neighbors if they use the same power network.

It’s usually better to repair your generator if it isn’t working properly, as it will typically be much more affordable and should yield similar results. Generator repairs cost around $300 on average, while installing a new whole-house generator costs around $5,000 on average. The only exception is if you know your generator is reaching the end of its useful life, usually between 30 and 40 years. If you have an older generator, you could face multiple repairs in the coming years, which might mean that a full replacement will be more cost-effective over time.