When buying a generator, it's essential to consider all the costs involved. Generators can be helpful for power during outages, but they cost more than just the price tag. Consider things like fuel costs, maintenance, and repairs. These costs can add up, so it's essential to budget for them.

Determining the Right Generator Size and Type:

Generators come in various sizes and types to accommodate different power requirements. Know how much power your appliances need, and check how much power it needs to start up. This will be the first cost to consider when calculating your total cost of ownership. Compare different generators to find the one that's right for you. Look at how much power they produce and what features they offer.

Installation Costs and Professional Assistance:

Putting in a generator costs different amounts. It depends on how hard it is to install and what your area needs. It's advisable to seek professional assistance for a safe and compliant installation. Hire a licensed electrician or generator installer. They will connect your generator to your electrical system the right way. Obtain quotes from different installers to compare prices and select a reputable professional. At Sumec Plaza, we can assist you with your generator installation needs. Questions about installation costs? Ask our support team at support@sumecplaza.com.

Estimating Fuel Costs and Consumption:

Generator fuel costs depend on the type of fuel, local prices, and how much fuel the generator uses. Some generators run on petrol, while others use diesel or gas. Find out the fuel prices in your area. See how much fuel your generator uses and how long you'll use it each year. This will help you determine how much you'll spend on fuel annually.

Let's see how much fuel a 3kVA petrol generator uses. Remember, this is just an example. Fuel use and prices can be different for other generators and places.

Assumptions:

• Fuel consumption rate: 1 litre per hour at 80% load.
• Desired runtime: 8 hours per day.
• Number of days in a year: 365.
• Fuel price: ₦100 per litre.

Calculate the total litres of fuel consumed in a day:

Fuel consumption per hour x Runtime per day

1 liter/hour x 8 hours/day = 8 liters/day

Calculate the total litres of fuel consumed in a year:

Total litres per day x Number of days in a year

8 liters/day x 365 days = 2,920 liters/year

Calculate the annual fuel cost:

Total litres per year x Fuel price per litre

2,920 liters/year x ₦100/liter = ₦292,000/year

Based on our example, using a 3kVA generator could cost ₦292,000 in fuel each year. This depends on how much fuel the generator uses and the fuel price.

Kindly note that these calculations are based on the provided example and assumptions. Remember, fuel use and prices can change. This depends on the generator, how much power it's using, and local fuel costs. Check your generator's details and local fuel prices for better estimates.

Maintenance Costs for Generator Longevity:

Regular maintenance is crucial for keeping your generator in good condition and lasting. Do what the maker says for upkeep. Change oil and filters, check spark plugs, air filters, batteries, and fuel. You can choose to perform these tasks yourself or hire a professional mechanic. Consider the maintenance requirements and associated costs when selecting a generator. Keep up with maintenance to avoid more significant problems later. It can save you money on repairs and new parts.

Assumptions:

• Change of oil: 1 litre per month, each litre costing ₦100.
• Carburettor cleaner: Used once every month, costing ₦200.
• Plug replacement: Every two months, with each plug costing ₦100.
• General servicing by an engineer: Once a month, costing ₦3,000.

Oil change: 1 liter/month x 12 months x ₦100/liter = ₦1,200/year

Carburetor cleaner: 1 cleaner/month x 12 months x ₦200/cleaner = ₦2,400/year

Plug replacement: 6 plugs/year x ₦100/plug = ₦600/year

Overall servicing by an engineer: 12 servicings/year x ₦3,000/servicing = ₦36,000/year

Total annual maintenance cost:

₦1,200 (oil change) + ₦2,400 (carburetor cleaner) + ₦600 (plug replacement) + ₦36,000 (overall servicing) = ₦40,200/year

Per our example, maintaining your generator could cost about ₦40,200 annually. But remember, this is just an example. Costs can be different for other generators and situations.

Regular maintenance, including monthly checkups by an engineer, is important. It helps your generator run well and last longer.

Warranty

Generators can last a long time if you take good care of them. But sometimes, they break down and need repairs. Check the warranty and how reliable the generator is before you buy it. This can help with repair costs. An extended warranty might be worth considering for additional protection.

If you want an extended warranty for your generator, our team is here to assist you. Need help? Email us at support@sumecplaza.com. We can help you understand and protect your investment from problems.

Calculating the Total Cost of Ownership:

To find out the total cost of owning a generator, add up these costs:

• Price of the generator
• How much does it cost to install
• Fuel costs each year (based on your estimated use)
• Yearly maintenance costs
• Cost of our extended warranty

This will show you how much the generator will cost over its lifetime. Knowing this can help you decide if it's right for you.

To calculate the total cost of owning a generator, you can follow this formula:

Total Cost of Ownership = Initial purchase price (one-off) + Installation cost (one-off) + (Expected annual fuel expenses × expected lifespan) + (Expected annual maintenance costs × expected lifespan) + (Expected annual extended warranty cost × expected lifespan)

In conclusion, buying a generator is more than just the price tag. Consider all the costs involved, including installation, fuel, maintenance, and warranty. Figure out how much power you need and get help from experts. Keep up with maintenance to make your generator last longer. Knowing the actual cost will help you choose the right generator and protect your money.