Introduction
A power generator is a must-have for many projects, outdoor events, construction sites, or when the power supply is unavailable. However, buying a generator is not a feasible solution, especially if you need a generator for a short period of time. If a business has the funds to afford the initial investment and is working on a long-term project that requires stable off-grid power then only buying a generator set is feasible. Thus, many people prefer rental options rather than buying one. There are many companies that provide diesel generators for rent. But how do you know which one is right for you with so many rental options? Thus, if you are searching for a generator for rent near me, here, we will help you decide which option is the best fit for your needs.
This is where the concept of a rental generator comes into the picture. Renting a genset allows businesses to avoid paying a large initial amount. When the rental option is chosen, it gives businesses the opportunity to have a genset on-site in just a few days, rather than waiting 16 to 20 weeks for a purchased system to be installed. Rental customers do not need to worry about any maintenance costs and challenges that come if a generator is purchased. Maintenance and other things will be taken care of by the supplier.
But how will you choose between the long-term and short-term options?
If a business decides to rent a generator, there are two main options – short-term rental and long-term rental. Short-term rental can be from a few days to a month and long-term rental typically can go up to two years. Some businesses may go for even longer periods such as up to ten years.
Know Your Needs
Before you approach a generator rental company, you should be aware of the amount of power your equipment requires. You must also know how much duration your project is going to last so that you can rent a generator for that specific duration.
This will help you avoid renting a generator with extra capacity, which can save you money!
Factors Affecting Rental Rates
Before we go into the details of the different rental options, it’s important to understand the factors that could affect rental rates.
Given below are a few factors that can affect rental rates:-
- The number of generators needed for a project
- The type of generator being rented
- The length for which the generator is going to be rented
- The location where the rented genset will be used
- Any additional amenities provided by the rental company, such as the level of service, etc.
What Are The Rental Options to Choose From?
There are three rental options for customers to choose from when they decide to opt for rental power generators. Those are short-term rentals, long-term rentals, and rent-to-own options.
Let’s take a look at each option here:-
- Short-term Rentals
If a project needs a generator for a short period of time, then this option is suitable. For example, for an outdoor event or when the power goes off. The duration for short-term rentals can range between a few days to several weeks. The rates for this may be decided based on the number of days or weeks.
Pros:-
- Rental periods of flexible duration.
- Power is immediately accessible when you need it.
- Long-term commitment is not there.
Cons:-
- Rental rates may be higher.
- No opportunity to buy the generator.
- Long-term Rentals
The projects that need generators for several months or for even a year or more then for such projects Long-term Rentals are more suitable. These generators are often rented on a per-month basis and thus can be an economical solution for businesses that need a consistent source of power. Customers need not bare the operational costs to the rental supplier when renting long-term.
The supplier of the rental generator does the work of monitoring the performance to see when the genset needs maintenance work. This in turn provides peace of mind. Fuel management can also be taken care of by the supplier and customers can negotiate a lower price per liter when they need it in bulk.
Pros:-
- Compared to short-term options, these have lower rental rates.
- A continuous source of power is made available.
- This provides an option to rent and a chance to buy a generator too.
Cons:-
- Available only for longer terms.
- One may need to pay a large upfront deposit.
More about Long-term Rentals:-
Long-term rental options are suitable for critical applications such as the banking/ finance sector, data centers, hospitals, airports, defense facilities, etc. Such critical facilities have strict testing requirements to ensure that the equipment works when needed.
For a business’s changing demand long-term rentals can provide a proper solution. Suppose, for example, if a manufacturing business wants to extend its production line and increase the power supplied, it can easily swap out the current rental generator for a bigger one or it has another option to rent an additional system, without investing large sums of money for the expansion.
- Rent-To-Own Option
This option is a hybrid between short-term and long-term rentals. These options are such that you can rent a generator for a specified period of time with the option to purchase it at the end of the term.
Pros:-
- Customers can try a generator before buying it.
- Long-term commitment is not required.
- At the end of the term, customers can buy the generator.
Cons:-
- Compared to a straightforward rental option, it can be expensive.
Final Thoughts
When you are choosing a power generator rental option, there’s no one-size-fits-all solution. The right rental generator solution for your business will mainly depend on the specific needs and budget of your business or project.
The value of the rental agreement varies depending on the project length and the specific requirements of each business. If a customer is renting for a longer period then it will reduce the daily rental rate. On the other hand, short-term rentals provide more flexibility for businesses that may want to rent a genset for a week or for a few months. Thus, to make an informed decision, it is important for businesses to fully understand the power requirements of each project before renting a genset.
As per the need of your business, you can choose the type of generator rental option. You can opt for diesel generators for rent in your nearby area. You can ask for a 300 KVA generator rental price according to your convenience.
If you are looking for a “generator for rent near me” then the solution is here, with Perennial Technologies. At Perennial, we provide diesel generators for rent. You can contact us for a generator on rent in Pune.
We also provide generators on hire in Mumbai, Hyderabad, Bangalore, Chennai, Delhi, Kolkata, etc. Explore our website here for more information.
