What’s the True Cost of a Power Outage?

Did you know that power outages cost American households $150 billion annually with weather-related outages accounting for $25-$75 billion per year? Eight-seven percent of power outages are caused by severe weather.

New research from Johns Hopkins shows that New York City and other metro areas could see a 40 to 50 percent increase in power outages, due to the nation’s aging power grid and worsening weather patterns. Emergency backup power is essential for homeowners to prevent destruction. Generators provide power to run necessary household items and can save homeowners from spending thousands of dollars on home repairs.

Respondents of a Briggs & Stratton survey reported the following common costs during a power outage:

  • 40% had to replace spoiled food
  • 29% incurred costs for emergency supply purchases to protect their home and family during the power outage (including candles, flashlights, firewood, etc.)
  • 16% invested in a portable generator
  • 13% lost wages from having to take time off work
  • 11% reported property damage
  • 8% reported having to pay for a hotel room during the power outage

Other research reported the following costly repairs:

  • $10K – burst or frozen pipes
  • $21K – flooded finished basement
  • $30K-$300K – mold remediation/removal
  • $250-$500 – spoiled food
  • $110/night (average) – alternative shelter (hotel stay)

Not only do power outages cause a major inconvenience, but they can also impact your funds, especially if you are not prepared. Owning a generator can give you peace of mind during a blackout. Contact us today to learn how you can protect your home with the proper backup power during a storm, whether it is with a portable generator or an automatic standby generator.

 

Photo Credit: www.popularmechanics.com

Photo Credit: www.popularmechanics.com

Resource:

http://greathurricaneblowout.org/kohlersweeps/pdf/The_Cost_of_Power_Outages_Infographic.pdf