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What is the Average Cost of Renting vs Financing a Rooftop Generator

What is the Average Cost of Renting vs Financing a Rooftop Generator

What is the Average Cost of Renting vs Financing a Rooftop Generator

Many factors are considered when acquiring a rooftop power generator. Once the type and size of the generator are determined, the next step is considering the generator cost.

This article compares the cost of renting a rooftop generator with the cost of financing it, so you can decide whether renting or financing is the best choice for you.

Cost of renting a rooftop generator

The cost of renting a generator depends on a number of factors, including generator type, size, style, output power, local rates, and supplier. Generally speaking, the cost of a rooftop generator rises as the output power (kilowatts) does. But still, there is no rule of thumb that can tell you the exact cost of renting a rooftop generator.

If we consider all factors that influence the cost of rooftop generators, the average cost of renting different types of rooftop generators can be:

  • Small recreational rooftop generator: $200 to $650 per week
  • Portable rooftop generator: $330 to $1,000 per week
  • Diesel rooftop generator: $600 to $1500 per week

Cost of financing a rooftop generator

The cost of financing a rooftop generator also depends on different factors such as the generator size, type, kilowatts, and the financing option you choose.

Many generator financing service providers allow buyers to customize their plans according to their needs. Mostly, the longer the duration of paying off the total amount of a rooftop generator is, the smaller your monthly payments will be.

You can purchase a rooftop generator at payments as low as $999 to as high as $9000 per month, depending on the financing plans your service provider offers or the option you choose.

Should you rent or finance a rooftop generator?  

The answer to this question mainly depends on your requirements. If you want a rooftop generator for temporary needs, you should rent a generator. In contrast, if you need a rooftop generator for long-term use, you should choose the former option.

There are benefits to each option. Let’s compare these benefits to understand which option is right for you.

Benefits of renting a rooftop generator

  • You pay a low initial cost.
  • You don’t have to pay a large amount for your temporary electricity needs, which helps save money in the long run.
  • You get many options to choose from, so you can rent a rooftop generator according to your project’s needs.

Benefits of financing a rooftop generator

  • You can acquire a rooftop generator fast to fulfill all your electricity needs.
  • You pay affordable monthly payments.
  • Payments can be tailored according to your monthly budget or needs.
  • Payments stay fixed throughout the loan period, which makes budgeting simplified.

Summing it up

The average cost of renting and financing a rooftop generator depends on the generator you choose. Generally, larger generators that produce more kilowatts have a higher cost than smaller generators that produce fewer kilowatts.

If you are confused between renting or financing, reach out to us today to get assistance and have your queries resolved. Our customer support specialists will help you choose the best possible option.