These days, almost everything is powered by electricity – from homes to business establishments. Although power outages are mostly rare occasions, it would truly be a hassle to see your business operations stopped or slowed down because there’s no electricity. Having a backup power source is a necessity if you’re running a business. With it, you can be sure that your day-to-day operations continue to run even if there’s an outage in your area.
Buying a generator is a huge investment, however, having one gives your business a great advantage. Is it better to hire or buy a generator for your company? This article will help you weigh these two options and make better decisions.
How Often Do You Need Backup Power?
First of all, you have to determine how often you’ll be needing backup power for your business. If you’re connected to the grid, power outages happen very rarely since it is only caused by serious circumstances or disasters.
This means that you won’t need backup power that much and renting a generator is a better option. However, if your area experiences a lot of power outages in a month, buying a generator is more beneficial since you can have backup power anytime needed.
Consequences of Power Disruption
Most daily operations in a business rely on electricity to be done quickly. However, the extent of effect of an outage varies from one business to another. Businesses that have time-sensitive processes need to have backup power immediately when there’s an outage since every second is critical for the process.
Having your own generator is essential if you have this type of business. However, if your business operations could be done manually even without electricity, there’s no urgent need for a generator. You could simply avail for large generator rentals in times that you need backup power.
Maintenance and Repair
Another factor to consider with generators is the amount of time and resources you’re willing to spend in maintenance and repair. If you have your own generator, you must do all the maintenance and repairs needed or hire a professional to take a look in your generator.
However, if you just rented the unit, you don’t need to worry about maintenance and repair. It will all be handled by the rental company plus you can be sure that every unit you use it at its optimum condition because of the regular maintenance done by the company.
Budget
Lastly, you also need to consider the budget you have when deciding to buy or rent a generator. Buying a generator is basically more expensive than just renting. However, each of them has their own pros and cons whichever way you choose. If you’re still starting out, just renting a generator is a great choice rather than investing a lot of your resources in buying a new one.
With all those considerations, it’s a lot clearer now if you really need to buy a generator or just rent it.
