If you live in an area prone to power outages, having a backup generator can provide you with peace of mind and the ability to keep your home running smoothly during an outage. However, purchasing a generator can be a significant expense, and many people may not have the funds available to buy one outright. Fortunately, there are several financing options available to help you pay for your generator.

Personal Loans: A personal loan is a type of unsecured loan that you can use for any purpose, including purchasing a generator. Personal loans typically have fixed interest rates and repayment terms, making it easier to budget for the monthly payments.

Credit Cards: If you have a credit card with a high enough credit limit, you can use it to purchase a generator. However, keep in mind that credit cards often have high-interest rates, so it’s essential to pay off the balance as soon as possible.

Home Equity Loans: If you own a home, you may be able to take out a home equity loan to pay for your generator. Home equity loans typically have lower interest rates than credit cards and personal loans, but you will need to use your home as collateral.

Manufacturer Financing: Some generator manufacturers offer financing options to help you pay for your generator. These financing options may have lower interest rates than other types of financing, but you will need to meet certain eligibility requirements.

Government Programs: In some cases, government programs may be available to help you pay for a generator. For example, the Federal Emergency Management Agency (FEMA) offers grants to help homeowners purchase and install generators.


When considering financing options, it’s essential to compare interest rates, repayment terms, and eligibility requirements to find the best option for your needs. With the right financing, you can purchase a backup generator and protect your home and family during power outages.