How much does it cost to run a whole house generator?

Equivalent Fractions

Some fractions may look different, but are really the same, for example:

4/8 = 2/4 = 1/2
(Four-Eighths) (Two-Quarters) (One-Half)
= = = =

It is usually best to show an answer using the simplest fraction ( 1/2 in this case ). That is called Simplifying, or Reducing the Fraction

Factors That Impact Your Cost

In reality, whole life insurance can be pricey. So we want to give you some ideas on managing the cost. But before we go any further, remember this:

no two companies take the same approach when providing whole life insurance quotes.

For this reason, the price offered by one company may not be identical to the next.

In a perfect world, you’ll be young and healthy when purchasing life insurance. Being young and healthy gives you the best opportunity to secure a policy at an affordable price. Maybe this is why many people buy whole life insurance for their kids, knowing that this will be a great gift to them in the future.

The main factors that determine whole life insurance costs are:

  • Age
  • Health
  • The Company

While some people are young and healthy, others don’t fall into this category.

Age & Health Are Important Factors On Prices

Generally speaking, here are the factors that affect your whole life insurance premium:

  • Life insurance rates are cheaper when you are young. The older you get, the more you will pay
  • Are you 100 percent healthy? Or have you run into some health concerns in the past?
  • Medical conditions can increment your rates.
  • On average, women live longer. Subsequently, they pay less for life insurance coverage.
  • Drinker or smoker? If you drink alcohol or use tobacco, you should expect your life insurance rate to be higher.
  • Many consumers overlook this detail, but it comes into play. For example, there’s a big difference between someone who works as a secretary and someone who works as a sky diving instructor.
  • Some companies offer no exam whole life insurance, but you will pay more for coverage if you go down this path.
  • Different companies have different products, some offer better rates than others, so you always have to compare.
  • The riders you chose to add to the policy. Riders are features you can add to any plan.

Since so many factors impact your cost, including the company and your overall personal and health profile, you won’t know how much you’ll be asked to pay until you receive quotes from multiple providers.

Health & Age Impact On Cost 

The following chart can give you an idea of how much health and age impacts whole life insurance costs.

We used three different ratings (Standard, Preferred, Ultra) from a large life insurance company. Of course, these rates vary company by company, but at least you can get an idea of how much it changes.

The following is a quote for $250,000 whole life paid till age 100, with monthly rates:

Age Standard Preferred Ultra
35 279.49 260.57 260.57
40 348.87 327.99 327.99
45 451.53 415.86 415.86
50 576.81 530.92 530.92
55 738.41 677.73 677.73
60 947.43 864.78 864.78

Next are the rates for a MALE SMOKER $250,000 whole life paid till age 100, with monthly rates:

Age Preferred 

Tabacco

Standard

Tabacco

35 321.68 338.65
40 396.72 414.99
45 521.13 548.10
50 642.06 678.38
55 868.91 912.41
60 1,112.51 1,169.50

Here are the rates for a FEMALE $250,000 whole life paid till age 100, with monthly rates:

Age Preferred 

Tabaco

Standard

Tabacco

35 254.91 268.40
40 323.21 341.26
45 403.25 424.13
50 511.78 550.28
55 658.59 691.87
60 847.82 890.88

As you can see, costs by rating change, but incredibly they do not vary that much. The whole life insurance price is not significantly impacted by health.

As we already said, prices will change from company to company, but now you have a better understanding.

The main factor that changes price is age, not health. So if you are considering a whole life, then get it as soon as possible.

Besides, even though the price doesn’t change much with age, what does change is cash value accumulation. So the longer you wait, the less time you have for the cash value to grow inside of your policy.

So again, don’t wait if you are looking for a whole life.

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Whole House Generator Cost Fuel Types

The type of fuel a generator uses affects the total cost in two ways. First, the price of the unit itself is affected by the fuel type. Second, the cost of running the generator will vary based on the cost of that particular fuel at the time that you need it.

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Natural Gas

Generators powered by natural gas are more expensive at the time of purchase than gasoline generators, averaging between $2,000 and $21,000. There’s little fuel waste because the generator uses fuel drawn directly from the utility when it needs it. While the natural gas prices are often a bit lower than gasoline, a natural gas generator uses more gas to power your home than other types.

Diesel

Costing between $3,000 and $20,000, diesel generators are usually larger machines that can power a whole house. Exceptionally efficient, diesel-powered generators are more cost effective as they get larger.

Liquid Propane

Clean-burning liquid propane (LP) can be stored indefinitely (if it’s stored properly). It can be a great option if you already have a liquid propane contract and a large tank to use with other appliances, such as a dryer or stove. LP generators can be a small portable generator or a larger standby unit and cost between $600 and $21,000. If you don’t already have a large tank or a contractor, you’ll need to store many smaller gas cans to make sure you have power when you need it. At that point, LP generators are not as cost effective as other models.

Gasoline

Gasoline generators are usually the least expensive option. They are simple engines that use gasoline to produce electricity. Gasoline is readily available in most parts of the country, making this a popular choice. However, it’s important to note that gasoline has a short lifespan and may need to be discarded at a cost when it has gotten too old. Gas-powered generators are smaller, less powerful options that are portable and require a manual start, costing between $500 and $3,000.

Keep the power onA top-rated pro can install a generator for you. Get free, no-commitment estimates from experts near you. Find a Pro ++

Solar

Solar generators are also modestly sized portable generators simply because the technology needed to convert and store large amounts of power would require too much space. They are sustainable and not dependent on petroleum-based fuel, which is a significant environmental benefit but may be limited in power generation by the stormy weather that caused your outage to begin with. This technology is still in development and will likely become more efficient and streamlined as technology advances. Solar generators cost between $2,000 and $25,000, with most costing at least $10,000.

Photo: depositphotos.com

Factors that influence installation costs Of the expenses associated with installing a home standby generator, the installation costs vary the most. Costs can differ depending on your location, since the process includes obtaining permits, preparing the site, mounting the generator, getting a licensed plumber to connect the fuel line, and getting a licensed electrician to connect the generator to your home. A Cummins-authorized dealer takes care of these installation tasks on your behalf. It’s easy to learn more – just request a free, no-obligation home assessment. Find a local dealer

Available Cuts 

One of the perks of buying a whole cow for meat is having every possible cut of the cow available to you. 

Prepare ahead of time by doing some preliminary research and thinking about what your family enjoys eating: more steaks or more roasts, for example.

Would you like to have more ribs or more hamburgers? Would you like to have more hamburgers or more meat for stews? How do you plan on cooking your steaks?

The meat you get may be stripped of excess fat and be well-marbled, depending on your tastes. Know what you want in advance so you can let the butcher know if you want a lot of fat or if you want most of it trimmed off.

Vacuum-sealed tubes contain the ground beef, while vacuum-sealed bags contain the other cuts. As a result, you’ll likely receive a finished product that weighs slightly more than half of the total hanging weight.

The answers to these questions will guide you in the right direction for what you want the butcher to prioritize. 

You have a great deal of control over how your beef is processed when you purchase it this way. 

For example, steak thickness and the number of cuts or pounds of meat in each package may all be customized by the processor. 

In other words, if you notice that usually your family needs an additional half-pound or pound of ground beef for dinner, or if you know that a one-pound package is usually too much for you and your household, you may adapt your purchases to prevent waste.

Freezer space needed

The rule of thumb is 1 cubic foot of freezer space for every 30-35 lbs of cut and wrapped meat.

That means you’ll definitely want a stand-alone freezer when buying a cow. If you don’t have one yet, you can usually get a good deal at a warehouse store like Sam’s or Costco. We have both chest and upright freezers at our house and we like both of them.

Our biggest piece of advice when buying a stand-alone freezer is to get one with a lock and key.  This is very important for child safety reasons and because a physical lock will make sure your freezer is securely closed. You can also purchase an aftermarket lock.

Whole Number and Percentage Known

Write down the percentage amount.

For example: 24 percent.

Divide the percentage amount by 100, or move the number’s decimal point over two places to the left, to convert it to its decimal equivalent.

For example:

\frac{24}{100} = 0.24

Write down the whole number amount.

For example: 500.

Multiply the whole number amount by the decimal equivalent of the percentage. The result is the percentage portion amount.

For example:

500 × 0.24 = 120

(Therefore this answers the question “How much is 24 percent of 500,” you learn that 24 percent of 500 is 120).

What Size Whole House Generator Do I Need?

Generators are labeled by size using the total number of kilowatts they can produce. There’s no sense in purchasing a generator with more power than you need, and choosing one that is significantly underpowered for your needs will be frustrating and feel like a waste of money. The best way to determine the correctly sized generator for a house is to invite an installer to come to your home and assess your property. They can take stock of what you would like the generator to cover and recommend size and type. It’s a good idea to collect several of these estimates. Suppose you’d prefer to estimate yourself, whether to check the accuracy of a contractor’s bid or to choose the size on your own. In that case, you can look at each item you’ll need to be plugged in while using the generator, including appliances, electronics, the water heater, HVAC systems, and the garage door. Each should be marked with a label that shows how many watts the item uses.

Your formula will look like this:

Total number of watts needed/1000 = Number of kilowatts needed to power the home

The number of kilowatts is your guide: If it’s between two sizes of generators, you can choose to size up for comfort or size down if you’re willing to engage in strategic power use during an outage to save a few dollars.

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Hi! We’re Matt & Jessica Hardecke. Our farm is located outside of St. Louis, Missouri, and we raise Missouri grass fed beef, as well as, grain finished beef (you choose the type of beef you’re interested in). more about Matt & Jessica →

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