Generator Financing: The Best Loan Options for Generators

Making your Home Generator more affordable.
So you can dream about what’s possible.

With a generator loan from PowerPay, you can finance any size home generator including the materials, installation, and labor.  Receive instant approval on up to a $100,000 home improvement loan, including generators, with no hidden contractor fees, credit cards or prepayment penalties. With a PowerPay loan you can finance any house or mobile generator with any manufacturer.  Turn an expensive project into low monthly payments, with fixed rates you can pay off whenever you want.  It’s easy to apply for generator financing online through PowerPay and your approval comes in seconds!

Fair, Reasonable and Lowest Payment Possible!

    • Rates starting at 8.99%
    • Up to 15-year terms
    • Borrow up to $100K
    • No prepayment penalties or hidden costs
    • No Credit Card

Calculate your monthly loan payment


Term (In Months)

Annual Percentage Rate

What You Need to Know About Generators & Financing

Generators are a necessary piece of equipment for many businesses and homeowners. They can provide power in the event of an outage, or be used to run important equipment during times of peak demand. There are several generator options available, so it’s important to do your research and find the best option for you.

Generator Types

There are several generator options available to you for purchase. The most common types of generators are portable, standby and whole home backup.

Portable generators are the least expensive option and can be used for a variety of purposes, such as powering small appliances or tools. However, they typically don’t provide enough power to meet the needs of a large business or home. Also within the portable generator family are inverter generators, which are lightweight and quiet, making them perfect for camping or tailgating.

Standby generators are more expensive than portable generators but offer more power and can be installed permanently outside your home or business. They automatically turn on when there is an outage, so you never have to worry about losing power.

Generator Costs & Home Considerations

Determining the cost of your generator can be tricky, as there are a few things to consider. The first is whether you want to go with a portable or standby generator.

  • A portable unit will range from $500–$2000 depending on its size and power output, where
  • Standby generators (ones that connect directly into your home’s electrical system) can range from $2500–$12000, but also require professional installation which can add between $800-$2000 onto your bill, so expect to pay an average of around $4000 for this type of unit.

Once you’ve determined what kind of generator you need and how much it will cost you’re ready to purchase one or start looking at different financing options available.

Generator Financing Options Available

There are a few different ways to cover the costs of your generator purchase including using a credit card, taking out a personal loan from a bank or credit union, using a home equity line of credit, or acquiring generator financing through a Dealer or Electrician with the help of a loan provider like PowerPay.

Each method has its own benefits and drawbacks, so it’s important to do your research before deciding which one is right for you.

The Benefits of Generator Financing

Generator financing allows you to take advantage of the benefits of having a generator like backup power for your home or business, reduced energy costs and more.

PowerPay generator financing benefits include:

  • Spreading the cost of your generator over several months or years
  • Low monthly payment options, with low APRs
  • Long term repayment plans, spanning several years
  • Soft-credit pulls which avoid an impact on your credit score

Applying for Generator Financing with PowerPay

PowerPay is available to help acquire generator loans through participating contractors, dealers and electricians. If you do not have a participating contractor, dealer or electrician, we can coordinate you to one in our network, or your current contractor can enroll with us to get up and running in less than 48-hours.

Once you and your participating contractor are ready, applying for generator financing is a quick and easy process, with approval coming in as little as 60 seconds.

You’ll be asked to provide some basic information about yourself and your generator purchase and if you qualify, you’ll receive an email with one or multiple loan options and limits that may even go beyond the cost of your generator project alone to help you afford annual maintenance and monitoring.

Once approved, you can have your new generator installed in no time with the full lump sum of costs provided directly to your generator Dealer or Electrician!

Our Most Popular Home Improvement Loans

Interior Remodeling Loans

Interior renovation and remodeling for new rooms and additions for anything inside your home.

Electrical Loans

From repairs to the entire home rewiring inside and outside.

Exterior Siding Loans

Install any siding project including vinyl, fiber cement, Hardie board, composite, wood, metal, brick, and stone siding.

Foundation Waterproofing Loans

Interior and Exterior waterproofing and foundation repairs – french drains, sump pumps and more.

Gutter Loans

Gutter replacement and gutter cover systems.

Attic Insulation Loans

Attic Insulation or wall insulation for any energy efficiency project.

Interior Remodeling & Addition Loans

Renovate or remodel rooms in your home or build an addition.

Lighting Loans

Exterior and Interior lighting including security and smart homes.

Paint & Wall Covering Loans

Interior and Exterior painting and wall coverings.

Sunroom & Patio Enclosure Loans

Sunrooms, Patio Enclosures, She Sheds, ADU’s and more.

Water Treatment Loans

Water filtration and water treatments.

Generator Financing FAQ

What is a generator?

A generator is a machine used to create electrical power. It works by converting mechanical energy into electrical energy. This is done by rotating a coil of wire inside a magnetic field. The electricity produced can be used to power things like lights or appliances.

Is a generator a good investment?

Yes, a home generator can be a good investment. Backup generators can be a real lifesaver, especially during a power outage. They can also be helpful in cases of natural disasters, emergencies or to help power large appliances during peak demands.

What are the different types of generators?

There are three types of generators: standby or whole home generators, portable generators, and inverter generators.

Standby or whole home generators are permanently installed and automatically turn on when the power goes out. Portable generators can be moved around and are used to provide power for specific devices or appliances. Inverter generators are more lightweight and quieter than other types of generators and produce cleaner energy, making them ideal for use in sensitive electronic equipment.

What is the average cost to have a whole home generator installed?

The average cost of a standby or whole home generator ranges depending on the size of the unit and the features it has. Typically, you can expect to spend anywhere from $1,000 to $10,000 or more for a quality generator.

Some factors that will affect the cost include:

  • The wattage of the generator (the higher the wattage, the more it will cost)
  • The brand and type of generator (some are more expensive than others)
  • The features included with the generator (such as automatic start/stop, voltage regulation, wheel kits)
  • Whether you have an electrician, or dealer do the installation or do it yourself

Can I finance a generator?

Yes, you can finance a generator. Home generators are a major purchase, and financing can make the purchase more affordable. There are a number of factors to consider when financing a generator, such as the cost of the generator, your credit score, and the terms of the loan.

It’s important to shop around for the best deal on a generator. There are a number of loan providers that offer financing options, so be sure to compare interest rates and terms before you make a purchase.

How long can you finance a generator?

A generator can be financed for a wide range of periods, but the best loan terms go up to 20 years. This means that you spread out your payments over a period of time, which can make it more manageable for you.

Keep in mind that the length of the loan will affect the monthly payment. So if you need a shorter term, then you’ll likely have to pay more each month. But if you’re comfortable with a longer term, then you can get a lower monthly payment.

PowerPay FAQ

What is PowerPay?

PowerPay is a digital lending platform for the home improvement financing industry. Our fully automated technology offers near-instant approvals on loans up to $100,000, helping homeowners translate expensive home improvement projects into low, fixed monthly fees that can be paid over time.

Unlike other digital lending platforms, PowerPay is a fully independent company that is committed to delivering loans with no hidden fees, credit cards or prepayment penalties in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

Why should I use PowerPay?

Just like many people finance their car payments, over 50% of all home improvement projects are financed. Financing can be a great payment option when your dream project costs too much money to pay for all at once. Using PowerPay, you can translate that expensive lump sum into a low, affordable monthly payment. The result is the opportunity to stop worrying about what a project costs, and spend more time dreaming about the possibilities for your home.

How do I buy with PowerPay?

It’s easy. You can either work through your participating contractor or contact us directly.  Follow our simple application process. If you pre-qualify, you’ll be shown the monthly cost of the item and can complete the process.

Who is eligible to apply for PowerPay?

U.S. residents over the age of 18 (or 19 for Alabama or Nebraska residents) are eligible, provided we can verify your identity.

Can I pay my loan back early?

Yes. You can prepay anytime for all or part of your loan. There is never a penalty for paying early.

What is the application process like?

The application process is fast and easy. You’ll be asked to provide some basic information about yourself. If you qualify, you will receive an email with one or multiple loan options along with a loan limit that may even go beyond the cost of your project. You may opt to borrow more and add things like annual maintenance and monitoring to your loan.

Where applicable, there is a one-time member activation cost for each approved loan. For convenience, that cost can be rolled into the final loan balance. As a PowerPay member, you also get exclusive access to member benefits from our lender, including insurance, monitoring, utility, & entertainment partners. Your contractor will walk you through the details prior to signing. All of the documents are electronic so you can sign everything from your home or office without any paperwork.

Is PowerPay a bank?

No, we are not a bank. We are a digital lending platform designed specifically for the home improvement industry.

Are payments secure?

It is very important to us that your personal information remains secure and encrypted. We install endpoint protection software and/or secure web gateways at all points in our online process. There is a data protection policy in place to help ensure that personal data is kept secure.

How do I make payments?

Once your loan is processed you will receive your loan documents, welcome package, and payment instructions.  You can pay with ACH, check, or debit card.

How is the APR (annual percentage rate) determined?

We work with our lender network to look at the credit risk of you as a borrower, and to give you a rate that fits your credit profile. Your financing options are presented to you in clear, simple terms. You are never obligated to accept them. Unlike many platforms that offer credit cards, PowerPay strives to offer lower-risk borrowers with lower rates. The annual percentage rate is the cost of credit as a yearly rate.

Where can I ask a question or make a complaint?

Please let us know right away. If we have fallen short of our goals, we’d like to know as soon as possible so that we can rectify the situation. You can call us at 800-397-4485 or chat with us online 24 / 7.

When are my payments due?

Your first payment will be due approximately 30 days from the funding date. Subsequent payments are due every month after that, usually on the same day of each month.

Is PowerPay a credit card?

No. PowerPay is a consumer loan program.  You do not need to hold and manage a credit card when you work with PowerPay.

Does using PowerPay impact my credit score?

PowerPay and/or our lenders pull credit from credit bureau(s) in order to check your rate. Once you accept the terms and complete your purchase, the credit bureau will be notified.