Commercial generators come in many types and sizes, which means a lot of variation in price. Getting some information about the pricing and costs of generators can help you determine what would work best for your business. From diesel to gas generators, industrial to portable, outfit yourself with the pricing information you need to make the best decision for your company.
Every option has its advantages and disadvantages; having as much knowledge as possible will help you make an informed choice. Analyze your budget and consider what's available in the generator market that will fit that number while covering the needs of your business. Weigh the following:
1. The costs of new electric and gas generators
2. The pros and cons of used generators
3. The long-term cost of generator supplies and maintenance.
Collect some info on the costs of new electric, gas and diesel generators
Portable models allow a wider range of distributors, including wholesalers and retail markets. You can spend anywhere from about $400 to more than $1,000, depending on the size and features. Industrial generators begin small in the thousands of dollars range and can climb to $100,000 to $500,000 or even into the millions for the largest-scale equipment.
Consider saving money by looking into used generators
For the purchase alone, you can sometimes save between 25 and 50 percent on used generators. What you have to consider for the long run, however, is the potential cost of maintenance. A generator with more hours on it may require a lot of money in repairs and upkeep, so it's a good idea to inquire about the life of the equipment and the number of hours it's been in operation.
Check out a few generator manufacturers and maintenance companies for parts and repair costs
Another long-term consideration will be the cost of regular maintenance, potential repairs and necessary supplies. For instance, a gas generator will require fuel; since diesel is usually cheaper than refined gas, you can save money with a diesel generator. You should also take the prices of replacement parts and maintenance services into account early on to get an idea for what your future costs will be.
- If your needs dictate the use of portable generators and you only need them temporarily, you might consider the option to rent. Gas and diesel generators are available for rent from various companies, saving you money and the problem of storage once you're done using it.