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between $10,000 and $20,000 Exact pricing will vary based on which battery model you choose and how many of them you need to power your home. However, it's common for an average-sized home battery backup system to run between $10,000 and $20,000.
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Read More »If you live somewhere with extreme weather or regular power outages, it's a good idea to have a backup power source for your home -- particularly during hurricane season. There are various types of backup power systems on the market, but each serves the same primary purpose: keeping your lights and appliances on when the power goes out. In the past, fuel-powered standby generators (also known as whole house generators) have dominated the backup power supply market, but reports of risk of carbon monoxide poisoning have led many to search for alternatives. Battery backups have emerged as a more eco-friendly and potentially safer option to conventional generators. Despite performing the same function, battery backups and generators are different devices. Each one has a particular set of advantages and disadvantages, which we'll cover in the following comparison guide. Keep reading to find out about the main differences between battery backups and generators and decide which option is right for you. Advertiser Disclosure: CNET's corporate partner, SaveOnEnergy, can help you find the right energy fit for your home. The SaveOnEnergy marketplace helps you search, compare, sign up and save on the right energy fit for your home — all for free. If you're interested in solar, answer a few questions to get an exact price quote from our solar advisors. Cynthia R Matonhodze/Bloomberg/Getty Images Battery backups Home battery backup systems, such as the Tesla Powerwall or the LG Chem RESU, store energy, which you can use to power your house during an outage. Battery backups run on electricity, either from your home solar system or the electrical grid. As a result, they're much better for the environment than fuel-powered generators. They're also better for your wallet. Separately, if you have a time-of-use utility plan, you can use a battery backup system to save money on your energy bills. Instead of paying high electricity rates during peak usage hours, you can use energy from your battery backup to power your home. In off-peak hours, you can use your electricity as normal -- but at a cheaper rate. LifestyleVisuals/Getty Images Generators On the other hand, standby generators connect to your home's electrical panel and kick on automatically when the power goes out. Generators run on fuel to keep your electricity on during an outage -- typically natural gas, liquid propane or diesel. Other generators have a "dual fuel" feature, meaning that they can run on either natural gas or liquid propane. Certain natural gas and propane generators can connect to your home's gas line or propane tank, so there's no need to refill them manually. Diesel generators, however, will need to be topped up in order to keep running.
If you have money in a checking, saving or other depository account, it is protected from financial downturns by the FDIC. Jul 7, 2022
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Read More »In most cases, battery backups come with longer warranties than standby generators. However, these warranties are measured in different ways. Over time, battery backup systems lose the ability to hold a charge, much like phones and laptops. For that reason, battery backups include an end-of-warranty capacity rating, which measures how effective a battery will hold a charge by the end of its warranty period. In Tesla's case, the company guarantees that the Powerwall battery should retain 70% of its capacity by the end of its 10-year warranty. Some backup battery manufacturers also offer a "throughput" warranty. This is the number of cycles, hours or energy output (known as "throughput") that a company guarantees on its battery. With standby generators, it's easier to estimate lifespan. Good-quality generators can run for 3,000 hours, as long as they're well maintained. Therefore, if you run your generator for 150 hours per year, then it should last about 20 years.
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