Having an industrial backup generator may come with a mix of emotions: peace of mind if power goes out, financial ramifications, and sometimes the fear of not knowing if the unit will is still functional. Luckily, standby power sources hold amazing resell value. In this article, we aim to give you clarity on the liquidating your used generator. Read on as we help you uncover how much it costs.
Power Outages and Generators
Power outages are fairly disruptive and could cost money. They are predictably occurring after a calamity, while other times, the outage occurs out of the blue when the power equipment fails. Luckily, a generator installation can save you from this stress.
There are several options available in the market or online. Some are cheap, while others tend to be expensive depending on features. The most common choices are standby and portable generators.
Standby generators automatically work using diesel fuel or natural gas once the power goes out. They are hooked up to existing gas line systems using a transfer switch and cords. Meanwhile, portable generators are installed as a backup model. They offer good value for money and dependability to run appliances during an emergency.
Factors Determining the Value of Generators
Giving an estimated cost is impossible without analyzing the major price influencers. Below are some of the factors to consider in determining used generator values.
Condition
A properly running generator has a significantly higher value. Its condition goes beyond the operating conditions since the current shape of the unit must be considered. Maintenance and storage are also helpful in assessing the generator performance and prices.
Size or Capacity
Based on the power outputs, the size of the generator may influence the value – the more power, the more expensive they are likely to be. A portable generator usually has less than 2000 watts, while standby generators cost more as they can reach up to 20,000 watts.
Fuel Types
The type of fuel and energy used is another price influencer. A portable generator can run using various fuel sources, including gasoline and diesel. Hybrid models can run using more than one kind of fuel, thus making them more expensive.
Age
Younger generator models have higher worth than older units. Those manufactured after 2007 tend to have higher values due to adherence to the standards called “Tier Rating System.”
Brands
Brand means reputation. The generator’s brand has an impact on its worth. Caterpillar is an absolute favorite, while Generac offers good value but lower-quality portable generators.
Hours Used
A generator used for a lesser period is the best. Those used under 2000hrs are an average choice, while those under 100hrs are a great option. The lower number makes a generator more valuable since the meter tracks lesser loads.
Other Services
Additional services could add fast, thus deducted from the costs of the generator. Expect added costs of around $1000-$2000 to disconnect, transport, and haul generators.
Estimated Worth of Used Generator
If some of the major price influencers are unfavorable, the price of your generator can easily drop to $0. Realistically, most generators come across a range of $1,000-$20,000. A larger-sized portable generator can even sell up to $100,000, if in proper shape.
Get Help From Experts
When selling a used generator, you definitely want a buck out of it. The information above together with a little research can land you on a ballpoint estimate of your generator. Figuring out its worth and getting a good deal can be challenging. If you want to get a fair appraisal of your home equipment, then get help from a trusted business – Liquis, Inc.
Liquis is a leader in the removal, relocation, and purchase of power generation equipment. We work together with other companies to ensure top dollar pay for your standby or backup generator. Check our website or contact our number to know our service offerings.