The answer to 'generator installation vs' is that generators and electrical service are both important for powering homes, but they have different use cases, costs, and installation requirements. Generators provide backup power during outages, while electrical service powers a home's everyday electrical needs.
Generators are typically more expensive to install, with costs ranging from $3,000 to $10,000 or more depending on the size and features. They require a dedicated fuel source like propane or natural gas, and need regular maintenance. Electrical service, on the other hand, is generally less costly to set up, with the main expense being the initial wiring and connection to the grid. Ongoing costs are limited to the monthly utility bill.