Redfish Hunter
Gone Fishing
Look, I can't speak to the what is legal in your area. FredW's concern over backfeeding is a valid one. The best and unfortunately most expensive way would be to install a trip/transfer switch with a dedicated generator connection. I was very reluctant to provide any direction to someone unfamiliar with modern wiring practices. Safety First!Taking RFish's advice I searched the net. Good God! everything I want is either illegal, immoral or fattening..
Fish and Bust are correct about ground and neutral- However in my ancient and robust box they are on the same strip...
Some say use the two hots and ground-others to use neutral-others to use them both. Lacking a definitive answer I guess I'll go with hot, hot, and ground off the gen. as that matches up with the wires in the welder outlet.
IF you are going to do this with what you have, and I am sure that is your plan, here is my opinion. Not the sworn gospel, just an opinion. The ground wire for your home is already providing the ground. The generator's 240 volt output will be used mostly by 120V users in the home. You need a neutral. You already have a ground. I would drop the ground from the generator, let the existing ground for the house take care of that. Use the two hots and the neutral from the generator.
Again, I agree with FredW. This is a touchy subject, lives are at stake.
Please, by all that you hold dear, if you do this make absolutely certain that the main breaker is open before you connect that generator.