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No reason why you should not. You will have to provide the correct fuel injection system for it though. The standard carb. will not work.
This is a great idea, and allows co-generation.
Cheap generators don’t generally last long. Nice natural gas units cost thousands of dollars.
Co-generation is using the heat from the generator to do other tasks, like heating your home and/or hot water, giving great overall efficiencies.
I think eventually this will be commonly done, but not very economical right now.
Short term, Numbat is correct that fixing the carb should be enough to run the generator on natural gas. Google for other sources on natural gas in internal combustion engines for more info.
By the way, by code you cannot just hook the generator up to your house wiring. You have to get and wire in “approved isolation means” or a manual transfer switch to assure that you do not send power out to the power company, for safety reasons. You may also be required to notify your power company, which may require a seperate meter if you try to sell power back to them.
You will need to switch to a natural gas carburetor with a fuel pressure regulator. A certified gas installer can also ‘T’ off your household natural gas line to supply the generator. Then you are relieved of the burden of having to switch tanks.