How Much Do Load Bank Systems Cost?
Ensuring that your business is prepared for emergencies is vital, and one of the most important emergency supplies to have is a generator. Generators prevent significant financial losses, and they often aid in the prevention of loss of life. Whether the disaster you are preparing for is natural or manmade, you need an optimally functioning secondary power source.
Load banks are pieces of electrical testing equipment made to test the capabilities of your generator and diagnose any issues early before you’re left unprepared during a crisis. These load banks are diagnostic tools that are required under certain circumstances, especially if you own a commercial building.
That being said, it is essential that you have a load bank handy when you need one. The cost of load bank systems is a main concern of many business owners. In this article, we at Allied Rental Company are going to help you find the load bank system that you need for a reasonable price.
Emergency preparedness is essential. Finding the right load bank for your generator is, too.
Load Bank Systems: Four Types
There are several types of systems to fit a range of needs among industries across different devices. Depending on the type that you need, the cost of the load bank will vary.
- Electrical system testing is most often done with resistive load banks. These banks are also commonly used for testing smaller generators and UPS systems.
- Capacitive load bank systems are generally used for testing computer systems and telecommunications.
- Inductive (or reactive) load banks are used with transformers and electric motors.
- Combined resistive/reactive load bank systems can test the power capacity and distribution of larger generators meant for single and multiple commercial units.
Buying vs. Renting a Load Bank System
Business owners stay afloat by being savvy and considering all factors before making a financial decision. The debate around buying vs. renting a load bank system is no exception. The best choice really depends on your answers to these three questions:
- Is (buying/renting) convenient?
- Is (buying/renting) efficient?
- Is (buying/renting) cost-effective?
Buying a load bank system makes more sense for some businesses. Renting requires scheduling testing times, making multiple calls, and setting aside money for each generator test. When you buy, you have less on your to-do list to deal with. However, does that make buying the best option overall? Let’s consider the other two factors.
Load bank systems are quite large and take up commercial space that can be used for more products, more tenants, etc. You will have to store any load bank system that you buy yourself. This also means that you must do the load bank testing yourself. When you rent, you are typically also hiring professionals to do these tests for you. It’s not very efficient to buy a load bank if it takes time and effort on your part that could be spent making important business decisions.
As for cost-effectivity, renting is the better option in this respect. At most, you should only have to test your generators once per month. A monthly rental isn’t too high of a price to pay for safety and what you lose in convenience, you make up for in price by saving money you would have had to pay to store the purchased load bank.
Renting a load bank system for your business is more often the better option because it is cost-effective, efficient, and sometimes even more convenient. Allied Rental Company is proud to help with all of your load bank and generator rental needs. Get a quote from Allied today and stay prepared for any emergency that arises.