The next time you need a generator for your home, you can rent it out for free, a move that could save you hundreds of dollars over the course of the year.
The move to renting is called Spectrum Equipment Return.
It’s an easy way to save thousands of dollars by leasing out equipment at your home for up to 10 years.
This includes electric lights, refrigerators, washing machines, TVs, and more.
“The best thing about Spectrum Equipment return is it’s a way to use equipment at a fraction of the price,” Spectrum’s marketing director, Mike Waggoner, said.
“This will help you reduce your monthly electricity bill and keep your home more energy efficient and energy efficient.”
How it worksFirst, you’ll need to fill out an application and pay for your equipment.
Spectrum then takes a commission, which is usually less than 10 percent of the purchase price.
It then reimburses you for the rest of the cost of the equipment over the first 10 years after the lease is up.
You can see how much it would cost Spectrum to rent out your equipment here.
Spectrum also provides a free maintenance warranty that lasts at least three years after it’s purchased.
Waggoner said that while Spectrum doesn’t provide an estimate on the cost to rent a generator, the free maintenance will probably be cheaper than renting out the equipment.
“You can expect to pay between $400 and $800 for a 20-year rental of your home,” Waggerson said.
This free service could save homeowners between $500 and $1,000 annually, he said.
In addition, Waggner said the move to rent is not limited to your home.
If you have an apartment in the area, Spectrum may also rent equipment out to rent for $100 per month.
“If you have a house, that’s the same as having an apartment, so you’ll be able to rent it, too,” he said, adding that Spectrum has had “some success” with people renting out their kitchen cabinets.
Wagner said that Spectrum will keep track of the number of times you’ve used your equipment and will reimburse you for those unused usage charges.
If your equipment usage does not change in the first year, Spectrum will refund you the balance.
Spectre has also partnered with energy companies to rent its equipment out for a low monthly fee.
“We know people are not paying for energy from their own homes, so Spectrum is a great way to have more energy efficiency and savings on electricity,” Wagner added.
“It’s a great option for people who don’t have the money to buy their own equipment.”
Read more about home heating,vacuum cleaners,home furnaces,laundry services,home-improvement,dishwasher source Fortune article