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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.

When properly maintained, natural gas generators can last a long time, as much as 20 to 40 years. They have relatively few needs compared to generators with other fuel types. However, the generator’s lifespan ultimately depends on how often the generator is used and for how long it’s left running.

If you have a transfer switch properly installed, the generator and main electrical power cannot feed the system at the same time. However, you should still shut off the power at your main circuit breaker panel before activating the generator. If you do that, you’ll simply need to shut off the generator and reset your circuit breaker once the local power comes back on.

It might seem counterintuitive, but installing a generator transfer switch will save you money in the long run. While you’ll have to pay between $400 and $2,500 to have the transfer switch installed, you’ll recoup that amount later on when you don’t have to pay for expensive repairs to your appliances, devices, and electrical system that may have burned out, overloaded, or stopped working due to a sudden loss of power or an incorrect hook up of a generator to your home.