How to Build Magnetic Power Generator for Yourself and pay less to your electric bill. Requirements: Everybody knows how magnet works? Most of the people do have magnets in their homes. So it is very unlikely not to find one for yourself easily. Or else, to set up a magnetic generator for yourself, you can buy basic tools for approximately $100 from any hardware store. Moreover, you need gear and turbine wheel which fits in it. You have to make sure that you fix magnets of equal size as