I should have said, I cannot control whether the electricity is on or off. And when it fails, I have no control as to how long it will be off. I think it is fairly dependable but I have a family and a 88 yr old in-law to consider. Thanks for asking.
We live at the base of the foothills in NC. We're on LP (over $3 a gallon), but I run heat pumps for primary heating and cooling.
My 89 year old dad lives with us, and honestly, in the 17 or so years we've lived here, we might have been without power for maybe 7 or 8 days in all those years (longest stretch without power maybe 3 days). Point being, I can't justify the cost of a whole house generator.
I did take a couple of classes from Generac and I thought I'd buy one at an employee discount, but after I learned about the fuel consumption on those puppies running full load (i'm not putting a whole house generator in to only run the fridge or some lights LOL), I said no way.
You can't beat a boiler for heat IMO, and at that point, seems after that, it's not worth it for "back up heat" because you won't get any better heat.
That said, you could run mini splits for spot cooling in the house because if you were to look at a boiler and mini splits for the whole home, you may be approaching Geothermal pricing.
If you're worried about power going out without a generator, look to a milivolt fireplace (what we have, complaints), it will run without electricity (ensure your CO detectors have battery back up).